Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding ( ; ), is a Chinese
multinational automotive conglomerate headquartered in
Hangzhou
Hangzhou, , Standard Mandarin pronunciation: ; formerly romanized as Hangchow is a sub-provincial city in East China and the capital of Zhejiang province. With a population of 13 million, the municipality comprises ten districts, two counti ...
, China. The company was founded by, and is
privately owned by Chinese entrepreneur
Li Shufu.
Geely was founded in 1986 as a
refrigerator
A refrigerator, commonly shortened to fridge, is a commercial and home appliance consisting of a thermal insulation, thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to ...
parts company, before transitioning to
motorcycles
A motorcycle (motorbike, bike; uni (if one-wheeled); trike (if three-wheeled); quad (if four-wheeled)) is a lightweight private 1-to-2 passenger personal motor vehicle Steering, steered by a Motorcycle handlebar, handlebar from a saddle-style ...
in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. , the company ranks 225 in the 2023
''Fortune'' Global 500 list of the world's largest companies.
In 2024, the group produced a total of 3.33 million vehicles globally, including 1.48 million
plug-in electric vehicles.
The company manufactures and sells vehicles under the brands of Geely,
Lynk & Co and
Zeekr brands, which are part of the
Geely Auto Group business unit, along with its subsidiaries and
joint ventures such as
Volvo Cars
Volvo Car AB, trading as Volvo Cars (, styled VOLVO in the company's logo) is a Sweden, Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and ...
,
Polestar,
Proton
A proton is a stable subatomic particle, symbol , Hydron (chemistry), H+, or 1H+ with a positive electric charge of +1 ''e'' (elementary charge). Its mass is slightly less than the mass of a neutron and approximately times the mass of an e ...
,
Smart and
Lotus, as well as commercial vehicles under the
London EV Company,
Radar Auto / Riddara and
Farizon brands. It produces motorcycles under its subsidiaries
Zhejiang Geely Ming Industrial (Jiming and Geely),
Qianjiang Motorcycle (QJMotor and Keeway), and
Benelli. It also holds a 17% stake in
Aston Martin and owns half of
Horse Powertrain, an engine manufacturing joint venture with
Renault
Renault S.A., commonly referred to as Groupe Renault ( , , , also known as the Renault Group in English), is a French Multinational corporation, multinational Automotive industry, automobile manufacturer established in 1899. The company curr ...
.
Geely is a phonetic
transliteration
Transliteration is a type of conversion of a text from one script to another that involves swapping letters (thus '' trans-'' + '' liter-'') in predictable ways, such as Greek → and → the digraph , Cyrillic → , Armenian → or L ...
of the company's native name (), which means "auspicious" or "propitious" in
Chinese.
Overview
Geely entered the automotive industry in 1997, but only officially received national production license in November 2001. Following a restructuring of Geely, ZGH was established as a holding company largely owned by Li Shufu in March 2003. ZGH acquired the Swedish passenger car maker
Volvo Cars
Volvo Car AB, trading as Volvo Cars (, styled VOLVO in the company's logo) is a Sweden, Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and ...
from
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational corporation, multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. T ...
in 2010.
It completed the acquisition of British taxi maker
Manganese Bronze Holdings in 2013 and restructured it into
London Electric Vehicle Company. In 2017, ZGH acquired a majority stake in British sports carmaker
Lotus Cars in 2017.
ZGH's business is divided into five business units:
Geely Auto Group which includes the brands Geely Auto, Lynk & Co, and
Proton Holdings
Proton Holdings Berhad, commonly known as Proton (stylised PROTON), is a Malaysian multinational Automotive industry, automotive company. Proton was established on 7 May 1983, as Malaysia's sole national budget car company until the advent o ...
; Volvo Car Group which includes the brands Volvo Cars and
Polestar; Geely New Energy Commercial Vehicle Group which include the brands London Electric Vehicle Company and Yuancheng (Farizon); Geely Group (New Business) which includes the brands Caocao,
Terrafugia,
Qianjiang Motorcycle,
Joma, and other new businesses; and Mitime Group () which includes ZGH educational institutions,
motorsports business, and tourism business.
Its global operations span the automotive
value chain
A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of Value (economics), value to an end customer. The concept comes from the field of business management and was first described ...
, from
research and development
Research and development (R&D or R+D), known in some countries as OKB, experiment and design, is the set of innovative activities undertaken by corporations or governments in developing new services or products. R&D constitutes the first stage ...
and design to production, sales and service.
History
Geely was established in 1986 in
Ningbo, Zhejiang by
Li Shufu as a refrigerator parts manufacturer located in
Taizhou, Zhejiang. To start the company, Li Shufu had to borrow funds from his family.
[McGregor, R. (April 2002) "Geely gears up china's first home-grown car" ''Financial Times''] In 1994, Geely transitioned into the
motorcycle
A motorcycle (motorbike, bike; uni (if one-wheeled); trike (if three-wheeled); quad (if four-wheeled)) is a lightweight private 1-to-2 passenger personal motor vehicle Steering, steered by a Motorcycle handlebar, handlebar from a saddle-style ...
industry by acquiring a
state-run firm, and started producing China's first
scooter.
In 1997, Geely completed the construction of relevant factories and initial investment preparations to enter the automobile industry. This made Geely the first private automobile company in China, whereas other carmakers are
state-owned enterprises such as
Chery. Geely's first car, the
Geely Haoqing, rolled off the assembly line in
Linhai, Zhejiang on 8 August 1998. However, Geely did not obtain its national production license until 9 November 2001, which delayed mass production until 2002.
By 2002, the brand was ranked among the top ten in the Chinese automobile market.
In 2002, Geely was restructured from being a family-operated entity to a
joint-stock company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...
managed by professional management. On 24 March 2003, Zhejiang Geely Holding Group Co., Ltd. (ZGH) was established with a registered capital of .
In January 2004, Li Shufu bought controlling shares in Guorun Holdings Co., Ltd., a company listed on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...
under the trading code 0175HK.
In March 2004, Guorun was renamed
Geely Automobile Holdings Limited, a company under ZGH, retaining the same trading code.
This strategy was seen as Geely's "backdoor" entry into the Hong Kong stock market, providing a means to raise funds for the company.
In 2006, Geely bought a 19.97 percent equity stake in British company
Manganese Bronze Holdings, the manufacturer of London
black cabs. Both companies started a joint venture to produce the black cabs in China, with Geely holding 52 percent and the British company 48 percent. The company has since reduced costs by producing parts in China. In February 2013, ZGH fully acquired Manganese Bronze Holdings for , after the British company entered
administration
Administration may refer to:
Management of organizations
* Management, the act of directing people towards accomplishing a goal: the process of dealing with or controlling things or people.
** Administrative assistant, traditionally known as a se ...
due to lack of funding. ZGH established a new company under its British subsidiary called The London Taxi Corporation, later renamed
London Electric Vehicle Company, to resume assembly of the London black cab in
Coventry
Coventry ( or rarely ) is a City status in the United Kingdom, cathedral city and metropolitan borough in the West Midlands (county), West Midlands county, in England, on the River Sherbourne. Coventry had been a large settlement for centurie ...
, UK.
In 2009, Geely bought an Australian transmission company
Drivetrain Systems International (DSI), at that time the second largest
automatic transmission
An automatic transmission (AT) or automatic gearbox is a multi-speed transmission (mechanics), transmission used in motor vehicles that does not require any input from the driver to change forward gears under normal driving conditions.
The 1904 ...
manufacturer for . In 2014, Geely sold 90% of its stake in DSI to multiple other Chinese companies after the company suffered losses.
Purchase of Volvo Cars (2008–2010)

Following continuing losses in that year,
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational corporation, multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. T ...
offered
Volvo Cars
Volvo Car AB, trading as Volvo Cars (, styled VOLVO in the company's logo) is a Sweden, Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and ...
for sale in December 2008.
On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was ZGH.
On 23 December 2009, Ford confirmed the terms of the sale to ZGH had been settled. A definitive agreement was signed on 28 March 2010 for . The
European Commission
The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informall ...
and China's
Ministry of Commerce approved the deal on 6 and 29 July 2010, respectively. The deal closed on 2 August 2010 with Geely paying $1.3 billion cash and a $200 million note.
At the time of the purchase, is the largest overseas acquisition by a Chinese automaker.
This acquisition facilitated Volvo's recovery and brought significant technological and managerial advancements to Geely. Under Geely ownership, Volvo Cars has developed a new line of 3- and 4-cylinder diesel and petrol engines to replace larger engines. It has also developed a new
vehicle platform called the
Scalable Product Architecture (SPA). Sales reached 500,000 vehicles in 2015 for the first time in the brand's history, and continued to over 700,000 in 2023.
Both company jointly developed engines and platforms, notably the
Compact Modular Architecture platform that is used by Volvo, Geely and Lynk & Co vehicles. Improving technical expertise and a sophisticated production management system led to a significant sales surge for Geely from 2010 onwards.
Further acquisitions and brand establishments (2016–present)
In October 2016, Geely Auto released its new brand called
Lynk & Co in
Berlin
Berlin ( ; ) is the Capital of Germany, capital and largest city of Germany, by both area and List of cities in Germany by population, population. With 3.7 million inhabitants, it has the List of cities in the European Union by population withi ...
, Germany, which is intended to bridge the gap between Geely and Volvo brands. The brand was launched with three production models, all based on the
Compact Modular Architecture (CMA).
In August 2017, ZGH, Geely Automobile Holdings and Volvo Car Group signed an agreement at Geely Auto's
Hangzhou Bay R&D Center to establish the Lynk & Co joint venture. Geely Auto controls 50% of Lynk & Co, Volvo Cars held 30%, and ZGH held the remaining 20%.
In May 2017, ZGH purchased a 51% controlling-stake in
Lotus Cars from its owner,
DRB-HICOM
DRB-HICOM Berhad () is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national ...
, the largest shareholder of Malaysian carmaker
Proton Holdings
Proton Holdings Berhad, commonly known as Proton (stylised PROTON), is a Malaysian multinational Automotive industry, automotive company. Proton was established on 7 May 1983, as Malaysia's sole national budget car company until the advent o ...
.
The remaining 49% were acquired by Etika Automotive, a holding company of Proton's major shareholder
Syed Mokhtar Albukhary. Proton had owned Lotus since 1996, and largely struggled to turn the fortunes of the sports carmaker around. ZGH also purchased a 49.9% stake in Proton Holdings, which was agreed on 23 June 2017 and finalised on 29 September 2017. The purchase was seen to facilitate future export growth in
right-hand drive markets, and making inroads into the lucrative
ASEAN
The Association of Southeast Asian Nations,
commonly abbreviated as ASEAN, is a regional grouping of 10 states in Southeast Asia "that aims to promote economic and security cooperation among its ten members." Together, its member states r ...
region.
Proton confirmed that it would not downsize its workforce following its deal with Geely.
In July 2017, the company purchased
Terrafugia, an American maker of
flying cars. In November 2017, ZGH announced completion of the Terrafugia acquisition, including approval from all relevant regulators.
In October 2017, Volvo Cars and ZGH announced that
Polestar, a performance and tuning brand owned by Volvo Cars, would become a standalone brand focusing on electric cars. Polestar introduced its first product, the
Polestar 1 coupé on 17 October 2017. The car was produced at the Polestar Production Centre in
Chengdu
Chengdu; Sichuanese dialects, Sichuanese pronunciation: , Standard Chinese pronunciation: ; Chinese postal romanization, previously Romanization of Chinese, romanized as Chengtu. is the capital city of the Chinese province of Sichuan. With a ...
, China. Following an
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
, Polestar shares began trading on the
Nasdaq
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
exchange under the symbol PSNY on 24 June 2022.
In December 2017, ZGH invested €3.25billion into Swedish truck and construction company
Volvo Group, a former parent company of
Volvo Cars
Volvo Car AB, trading as Volvo Cars (, styled VOLVO in the company's logo) is a Sweden, Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and ...
.
The deal made ZGH the biggest shareholder by number of shares with an 8.2% stake, and second by voting rights, with 15.6%.
In September 2019, ZGH led a round of private funding for
Volocopter that raised $55million for the company. Volocopter's other private investors also include Daimler AG which owns a stake in the company.
In late July 2020, it was announced that the Xingma Group had agreed to transfer a 15.2% stake of its shares in the
Ma'anshan-based heavy truck manufacturer
Hualing Xingma to Geely New Energy Commercial Vehicle Group, a wholly owned subsidiary of ZGH. After the transaction, Geely New Energy Commercial Vehicle Group would become the ''de facto'' controlling shareholder of Hualing Xingma.
In February 2020, Volvo Cars and Geely started formal discussions about a proposed
merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...
of both businesses. In the existing arrangement, Volvo Cars has been allowed autonomy with its resources despite being fully owned by ZGH. These merger talks were later halted, and 18% of Volvo Cars shares were listed on the
Nasdaq Stockholm stock exchange in October 2021.
InMarch 2021, ZGH launched the
Zeekr brand for premium electric vehicles. Its first model, the
Zeekr 001 was launched in April 2021, and deliveries began in October 2021. In May 2024, Zeekr filed its
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
(IPO) on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
. Zeekr raised around , making it the largest IPO of a Chinese company since 2021.
In February 2024, Volvo Cars announced its plan to reduce its stake in Polestar by the third quarter of 2024 from currently 48.3% to around 18% by ceding it to ZGH.
Taizhou Declaration and restructuring
In September 2024, Li Shufu, the founder of the Geely, announced the "Taizhou Declaration", a new stage of strategic transformation of ZGH that would promote the integration of internal resources, clarify the positioning of each brand, straighten out equity relationships, reduce conflicts of interest and duplication of investment, and improve resource utilization efficiency.
In October 2024, as the first step of the strategy, Geely announced to merge all Geely Geometry dealerships into Geely Galaxy dealership network. In November 2024, ZGH transferred its 11.3% stake in Zeekr Intelligent Technology (Zeekr) to Geely Automobile Holdings (
Geely Auto
Geely Automobile Holdings Limited, commonly known as Geely Auto ( ; ), is a publicly traded automotive company predominantly owned by the Geely Holding, Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns L ...
). Geely Auto's shareholding ratio in Zeekr increased to 62.8%.
Meanwhile, Zeekr purchased a 20% stake of
Lynk & Co from
Geely Auto
Geely Automobile Holdings Limited, commonly known as Geely Auto ( ; ), is a publicly traded automotive company predominantly owned by the Geely Holding, Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns L ...
for 3.6 billion yuan and acquire
Volvo Cars
Volvo Car AB, trading as Volvo Cars (, styled VOLVO in the company's logo) is a Sweden, Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and ...
30% stake in
Lynk & Co for 5.4 billion yuan. This move made Zeekr hold 51% of Lynk & Co in total, while the remaining 49% of Lynk & Co shares continues to be held by Geely Auto.
In addition, the electric pickup brand
Radar Auto has been consolidated into
Geely Auto
Geely Automobile Holdings Limited, commonly known as Geely Auto ( ; ), is a publicly traded automotive company predominantly owned by the Geely Holding, Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns L ...
.
In January 2025, ZGH announced it would consolidate
London EV Company into
Geely Auto
Geely Automobile Holdings Limited, commonly known as Geely Auto ( ; ), is a publicly traded automotive company predominantly owned by the Geely Holding, Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns L ...
.
In April 2025, the
Livan marque was consolidated and became a product line under Geely Auto.
Shareholding and partnerships with Daimler/Mercedes-Benz (2018–present)
In 2018, Li Shufu through his investment company Tenaciou3 Prospect Investment Limited purchased a 9.7% stake in Daimler AG (now
Mercedes-Benz Group), owner of the
Mercedes-Benz
Mercedes-Benz (), commonly referred to simply as Mercedes and occasionally as Benz, is a German automotive brand that was founded in 1926. Mercedes-Benz AG (a subsidiary of the Mercedes-Benz Group, established in 2019) is based in Stuttgart, ...
and
Smart brands. , Li Shufu is the second-largest Mercedes-Benz AG shareholder after
BAIC Group.
In January 2020, ZGH and Daimler AG announced a 50-50 joint venture to develop and operate the Smart brand as a global electric vehicle brand. The venture, later named Smart Automobile Co., Ltd. is headquartered in
Ningbo, Zhejiang. It has a registered capital of , with each company contributing . The new all-electric Smart model from this joint venture was launched globally in 2022 as the
Smart #1, previously showcased as the
Concept #1 at the 2021 Munich Motor Show.
Smart electric vehicles from the partnership are based on the
Sustainable Experience Architecture (SEA)
electric vehicle platform developed by Geely.
Renault partnerships (2021–present)
In August 2021, ZGH through its subsidiary Geely Auto formed a
strategic partnership with
Renault
Renault S.A., commonly referred to as Groupe Renault ( , , , also known as the Renault Group in English), is a French Multinational corporation, multinational Automotive industry, automobile manufacturer established in 1899. The company curr ...
. In January 2022, the two companies signed an agreement by which Renault's South Korean subsidiary,
Renault Korea Motors, would produce vehicles based on Geely
Compact Modular Architecture platform,
In May 2022, Renault said a Geely subsidiary was set to acquire a 34% stake of
Renault Korea Motors through capital increase as part of their partnership, although the company would continue to be majority owned by Renault and a consolidated subsidiary of it.
In November 2022, Renault said it plans to combine its powertrain production and development operations (including internal combustion engines and hybrid systems) with Geely's into a joint venture holding company with both as co-owners.
The joint venture was officially established in late May 2024 as
Horse Powertrain Limited, headquartered in
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
, United Kingdom.
In February 2024, Renault and Geely announced a framework agreement to expand their strategic collaboration in the production and sale of electric vehicles in Brazil. Under the agreement, Geely Holding Group will invest in
Renault do Brasil, acquiring a minority stake in the company. This investment will grant Geely access to localized production, sales, and service resources in Brazil, enhancing its presence in the region.
Baidu partnership (2021–present)
In January 2021, ZGH announced a deal to create an electric vehicle joint venture together with
Baidu, a Chinese multinational technology company specializing in Internet-related services, products, and artificial intelligence (AI). Baidu would develop the electric car's software while Geely would manufacture the car. The companies formed
Jidu Auto in the same year, combining elements of both company names. Later, in August 2023, they launched the Ji Yue brand, with Geely owning 65% and Baidu 35%. Ji Yue is a subsidiary of Geely Group that was formed to circumvent restrictions on car manufacturing qualifications. Jidu Auto now focuses on technology solutions, including product design and AI development, for Ji Yue vehicles.
Automotive divisions and products
Automobile brands
Geely
Geely Auto is Geely Group's original and mainstream brand, primarily sold in China and select overseas markets. It has an electric vehicle product line, the
Geely Galaxy for premium EV/PHEV.
File:Geely Preface facelift 001.jpg, Geely Xingrui
File:Geely Xingyue L Hi-F 001.jpg, Geely Xingyue L
File:Geely Haoyue L 007.jpg, Geely Haoyue
= Geely Galaxy
=
Geely Galaxy () is Geely's mass-market
range of
new energy vehicles (
plug-in hybrid and battery electric vehicles) that was established in February 2023. In October 2024, the
Geely Geometry line has been merged with Geely Galaxy.
File:Geely_Galaxy_L7_001.jpg, Geely Galaxy L7
File:Geely_Galaxy_L6_001.jpg, Geely Galaxy L6
File:Geely_Galaxy_E8_20231120_(cropped).jpg, Geely Galaxy E8
= Geely Radar
=
Geely Radar (), or Riddara outside China, is a battery electric pick-up truck brand owned by ZGH. The brand's first vehicle, the
Radar RD6, was unveiled in 2022. The brand was consolidated into
Geely Auto
Geely Automobile Holdings Limited, commonly known as Geely Auto ( ; ), is a publicly traded automotive company predominantly owned by the Geely Holding, Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns L ...
in November 2024.
File:2022 Radar RD6 (front).jpg, Radar Horizon
=LEVC
=
London Electric Vehicle Company (LEVC) is a brand owned by ZGH that produces and sells electric
black cabs. It adopted its current name in 2017 to reflect its new mission of developing and producing electric commercial vehicles. It was previously known as The London Taxi Company, which has roots from
Manganese Bronze Holdings, the original manufacturer of black cabs that Geely acquired in 2013. With a new factory in
Ansty Park, near Coventry, it has begun production of a new generation of
zero-emission-capable new taxi vehicle in late 2017.
[For 2007 joint venture, see
*For 2013 purchase of company, see ]
In February 2025, the
LEVC has been consolidated into
Geely Galaxy.
File:2019 LEVC TX Vista Comfort Plus 1.5.jpg, LEVC TX
File:LEVC VN5 Classic-Gala 2021 1X7A0300.jpg, LEVC VN5
File:LEVC L380 005.jpg, Geely Galaxy LEVC L380
Zeekr
Zeekr () is a premium battery electric vehicle brand of ZGH owned by Geely Automobile Holdings. The company is listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
since May 2024.
The brand was founded in 2021 as an offshoot of
Lynk & Co, as its first vehicles were meant to be Lynk & Co models. However after a major shareholding restructuring in 2024, it holds 51% of Lynk & Co currently.
File:Zeekr 001 IMG001.jpg, Zeekr 001
File:Zeekr 009 007.jpg, Zeekr 009
File:2023 Zеekr X (front).jpg, Zeekr X
= Lynk & Co
=
Lynk & Co () was established in 2017 that uses technology developed jointly by Volvo Cars and Geely Auto.
Before 2024, It was owned 50% by Geely Auto, 30% by Volvo Cars, and 20% by ZGH. It currently 51% owned by Zeekr and 49% owned by Geely Auto after restructuring.
File:Lynk & Co 03 facelift 006.jpg, Lynk & Co 03
File:Lynk & Co 08 003.jpg, Lynk & Co 08
File:Lynk & Co 09 008.jpg, Lynk & Co 09
The Lynk & Co 09 () is a Executive car, mid-size luxury Crossover (automobile), crossover SUV manufactured by Geely-owned Chinese-Swedish automaker Lynk & Co. The model has been developed in conjunction with Volvo Cars and shares the Volvo Scalab ...
= Proton
=
Proton is a national car brand of Malaysia, established in the 1980s at the behest of the government and later reverted to private ownership under
DRB-HICOM
DRB-HICOM Berhad () is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national ...
. Since 2017, the brand is owned 49.9% by ZGH and 50.1% by DRB-HICOM. Its first Geely-based vehicle, also the carmaker's first-ever SUV, the
Proton X70 was introduced in Malaysia in December 2018. It is based on first-generation
Geely Boyue.
In July 2023, after the internal restructuring in Geely Group, the Proton brand was consolidated into the balance sheets of
Geely Auto
Geely Automobile Holdings Limited, commonly known as Geely Auto ( ; ), is a publicly traded automotive company predominantly owned by the Geely Holding, Zhejiang Geely Holding (ZGH) group. It owns the eponymous Geely Auto brand and partly owns L ...
.
File:Proton X50 1.5 TGDi Flagship – f 13032025.jpg, Proton X50
File:2020 Proton X70 Premium (CKD) front view 01.png, Proton X70
File:Proton S70 1.5 T Flagship – f 13032025.jpg, Proton S70
Volvo Cars
Volvo Cars is owned 78.7% by ZGH (post Volvo Cars IPO).
ZGH acquired Volvo Cars from Ford Motor Company in 2010.
File:Volvo S90 T8 (SPA) Facelift IMG 5692.jpg, Volvo S90
File:JAIA18 Volvo XC60 T5 AWD Inscription 1.jpg, Volvo XC60
File:2018 Volvo XC90 Inscription D5 PowerPulse AWD 2.0.jpg, Volvo XC90
Polestar
Polestar is a publicly traded electric car brand established in Sweden under the Volvo Cars Group. Polestar was initially 50.5% owned by ZGH and 49.5% by Volvo Cars.
File:Polestar 2 facelift 001.jpg, Polestar 2
File:Polestar 3 001.jpg, Polestar 3
File:Polestar 4 IMG01.jpg, Polestar 4
Livan/Maple
The Maple brand name originated with
Shanghai Maple Automobile, a Geely subsidiary established in 1999 and phased out in 2010.
The brand was temporarily revived in 2020 by launching its first EV, the
Maple 30X. In 2022, Geely launched the joint venture between
Lifan and Maple called
Livan (), and the previous Maple products were reconsolidated into Livan.
File:2023 Livan 7 (front).jpg, Livan 7
File:Livan 8 001.jpg, Livan 8
File:Livan 9 001.jpg, Livan 9
Lotus
Lotus Cars is a British carmaker established in 1948 that produces sports and racing cars. It is owned 51% by ZGH since 2017, while the rest is owned by Etika Automotive.
File:Lotus Eletre 010.jpg, Lotus Eletre
File:Lotus Emira.jpg, Lotus Emira
File:Lotus Emeya 003.jpg, Lotus Emeya
Farizon
Farizon Auto () was established in 2016 to focus on the development and sales of electric commercial vehicles.
File:ABD7306 at Xiajia Hutong (20230217153854).jpg, Farizon Xingzhi H8E
File:Farizon SV 001.jpg, Farizon SV
File:Farizon Xingxiang 005.jpg, Farizon Xingxiang V
Farizon also has a sub-brand called
Ouling () selling gasoline-powered lower end micro trucks.
File:Ouling Fengrui F3 001.jpg, Ouling Fengrui F3
Ji Yue / Jidu Auto
Jidu Auto () is a joint venture between ZGH and
Baidu that would be engaged in the production of electric vehicles in different segments starting in 2022. Jidu Auto is owned 55% by Baidu and 45% by Geely.
The Ji Yue () brand was established in August 2023 as the second collaboration between ZGH and Baidu. Ji Yue is 65% owned by ZGH and 35% by Baidu, making it a subsidiary of ZGH. Due to Chinese government policies, Baidu, as the controlling company of Jidu, could not obtain the qualification to manufacture cars. Establishing Ji Yue allowed ZGH to be the controlling company, circumventing these restrictions. Jidu Auto has since become a technology solutions company focused on developing AI driving technology for Ji Yue and will no longer operate as an independent car brand.
With the launch of the new Ji Yue brand, the previous Jidu Robo-01 was renamed Ji Yue 01, and the Ji Yue brand inherited the logo originally created for Jidu Auto.
File:Jidu Robo-01 001.jpg, Ji Yue 01
File:Jiyue 07 001.jpg, Ji Yue 07
Smart
In 2019, Mercedes-Benz and ZGH revived the
Smart brand as a global joint venture, targeted at producing battery electric vehicles in China and selling them globally. In 2022, the joint venture launched its first model, the
Smart #1.
File:Smart 1 2023030801.jpg, Smart #1
File:Smart 3 004.jpg, Smart #3
File:Smart 5 001.jpg, Smart #5
Discontinued automobile brands
Geely Geometry
Geely Geometry () is the battery electric vehicle range of Geely-based cars. Previously independent, the Geometry brand that was established in 2019 was consolidated into Geely Auto as an entry-level battery electric product series in March 2023.
In October 2024, the brand was merged into Geely Galaxy, becoming a "smart boutique small car series" within Geely Galaxy.
File:2019 Geely Geometry A (front).jpg, Geometry A
File:Geometry C 012.jpg, Geometry C
File:2022 Geely Geometry E (front).jpg, Geometry E
Emgrand
Emgrand () was launched in 2009 as a medium- to
high-end luxury brand. In 2014, Emgrand ceased to be a standalone brand, and Emgrand became a sub-brand of Geely, which itself adopted an updated version of the Emgrand logo.
File:Emgrand_EC7_01_China_2012-04-15.jpg, Emgrand EC7
File:Emgrand_EC7-RV_China_2012-05-18.jpg, Emgrand EC7-RV
File:Emgrand EC820 001.jpg, Emgrand EC8
Englon
Englon () was launched in 2010 to replace the
Shanghai Maple brand.
Geely claimed Englon emulated classic, British styled cars.
Some of its cars were built by Geely subsidiary Shanghai LTI.
As Geely fully acquired
The London Taxi Company in 2013, the emblem of Englon also became the new logo of The London Taxi Company.
File:2013 Geely-Shanghai Englon SC5-RV 1.5L, front 8.16.18.jpg, Englon SC5-RV
File:Englon SC7 Haijing Shishi 01 2022-09-10.jpg, Englon SC7
File:Englon TX4.jpg, Englon TX4
Gleagle
Gleagle () was Geely's entry-level brand sold between 2010 and 2015. Some Gleagle cars, such as the
Gleagle Panda, were available for sale on the internet in China via the
Taobao Mall, a popular
e-commerce
E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...
site. While Geely would deliver the car to the customer's address, buying one of the Panda models on offer did necessitate a trip to a traditional dealer.
This sub-brand was discontinued in 2015. Most Gleagle products continued to be sold directly under the Geely brand.
File:2011 Geely-Gleagle Yuanjing (Vision), front 8.14.18.jpg, Gleagle GC7
File:Gleagle GX7 facelift -- Auto China -- 2014-04-23.jpg, Gleagle GX7
File:2009_Geely_Gleagle_Panda.jpg, Gleagle Panda
Zhidou
Zhidou () Zhidou Auto or ZD Auto brand specialized in
microcars. The brand was discontinued since 2021. In March 2022, real estate developer
Yinyi Shares announced its participation in the restructuring of Zhidou Automobile. But it ended in nothing. Instead, Geely and Aima Technology Group restructured Zhidou from bankruptcy. Operation was reportedly restarted in 2024 by introduced the new electric microcar model called
Zhidou Rainbow. Since then, the name Zhidou is also spelled as Zhido.
File:2018 Geely-Zhidou D2S, front 8.11.18.jpg, Zhidou D2S
File:Zhidou D1 001.jpg, Zhidou D1
File:2017 Geely-Zhidou D2, front 8.11.18.jpg, Zhidou D2
Motorcycle brands
Qianjiang Motorcycle
Qianjiang Motorcycle is one of the largest manufacturers of two-wheeled vehicles in China. Since September 2016, the majority shareholding (29.8%) of the company has been controlled by the Geely Group. The vehicles are sold under four brands: QJiang, QJMotor,
Benelli, Keeway Motors and KSR Moto.
Benelli
Benelli is a subsidiary that produces motorcycles and scooters. Design, development and marketing activities are carried out at the Benelli QJ headquarters in
Pesaro
Pesaro (; ) is a (municipality) in the Italy, Italian region of Marche, capital of the province of Pesaro and Urbino, on the Adriatic Sea. According to the 2011 census, its population was 95,011, making it the second most populous city in the ...
, Italy, with production occurring in
Wenling, China, for sale globally.
Geely Ming Industrial/Jiming
Zhejiang Geely Ming Industrial Co., Ltd., common known as Geely Ming, or GM Motor, is a motorcycle manufacturer subsidiary founded in 1995 with registered office in Zhejiang province.
The vehicles are sold under two brands: Jiming and Geely Motorcycle.
International investments and holdings
Mercedes-Benz Group (9.69% stake)
*
Li Shufu, the founder and chairman of Geely, acquired a 9.69% stake of Mercedes-Benz Group in February 2018, making it the company's largest single shareholder.
Aston Martin (17% stake)
* In September 2022, Geely acquired a 7.6% stake in Aston Martin Lagonda.
* In May 2023, Geely increased its stake to 17%, becoming the third-largest shareholder after the Yew Tree consortium and the
Saudi Arabia Public Investment Fund.
Volvo Group (6.8% stake)
* In 2017, Geely acquired an 8.2% stake of Volvo AB, which is also about 15% of votes.
* In January 2024, Geely announced to reduce its holdings in Volvo Group by 685 million USD. The stake has been lowered from 8.2% to 6.8%. Despite the reduction, Geely remains the second-largest shareholder in Volvo Group.
Renault Korea
Renault Korea Co., Ltd. () is a South Korean car manufacturer headquartered in Busan where its single assembly site is also located, with additional facilities at Seoul (administration), Giheung District, Giheung (research and development) and D ...
(34.02% stake)
* In 2022, Geely invested over US$200 million to acquire a 34.02% stake in a joint venture in South Korea between Renault and the Samsung Group. The company plans to produce vehicles based on the Geely's
Compact Modular Architecture platform, initially intended for the Korean domestic market.
Horse (company), Horse (45% stake)
* A joint venture between
Renault
Renault S.A., commonly referred to as Groupe Renault ( , , , also known as the Renault Group in English), is a French Multinational corporation, multinational Automotive industry, automobile manufacturer established in 1899. The company curr ...
and Geely, it is set to manufacture internal combustion engined (ICE) and hybrid powertrains for Renault, Nissan and Mitsubishi vehicles with Geely's technology.
Drivetrain Systems International (divested)
* In 2009, Geely bought
Drivetrain Systems International Pty Ltd,
a global transmission developer headquartered in Australia.
* In 2015, Geely sold DSI to a Chinese investment company Shuanglin, which continue to manufacture the DSI designed products in Xiangtan, Jining and Ninghai.
Non-automotive businesses
Geely Technology Group
* Caocao Chuxing () – Caocao Chuxing is a ride-hailing service that was developed by Hangzhou Youxing Technology Company and majority owned by ZGH. It is the first Chinese Plug-in electric vehicle, new energy-focused mobility service.
* Terrafugia –
Terrafugia was founded in 2006 targeting at roadable aircraft. The company was acquired in full by ZGH in 2017.
* Zhejiang Qianjiang Motorcycle Group Co –
Qianjiang Motorcycle () was majority acquired by ZGH in 2016. The company is one of the largest producers of motorcycles in China and owns several renowned brands including Italy's
Benelli. It is also known for its lithium battery technology.
* Geespace plans to create a network of low earth orbit satellites that will send precise positioning information to self-driving cars.
Mitime Group
Mitime Group was established in 2004 and is affiliated to ZGH. It focuses on investment and operation management of higher education, sports, cultural tourism and other businesses. The group consists of three departments: Mitime Speedpark, Mitime Sports and Mitime Cultural Tourism.
* Mitime Speedpark – Investment and development of motor speedparks around the world. They have already constructed multiple race circuits in China and abroad and currently operate tracks in Ningbo, Chengdu, and North America.
* Mitime Motorsports – Mitime constructs and operates race tracks for automobiles, motorcycles, and karts around the world. Mitime also organizes motorsport events such as China F4 Championship.
* Mitime Tourism – Mitime facilitates tourism and manages hospitality services around its tracks.
Meizu
In June 2022, Geely acquired a majority stake of Meizu, a Chinese consumer electronics manufacturer based in Zhuhai, Guangdong.
Geely Talent Development Group
Previously known as Mitime Education, a subsidiary of Mitime Group, the Geely Talent Development Group is the education branch of Geely to cultivate talents for the automotive industry. Geely has established 9 higher education institutions and more than 10,000 student graduate from Geely's schools each year.
* Geely University – a private university located in
Chengdu
Chengdu; Sichuanese dialects, Sichuanese pronunciation: , Standard Chinese pronunciation: ; Chinese postal romanization, previously Romanization of Chinese, romanized as Chengtu. is the capital city of the Chinese province of Sichuan. With a ...
* University of Sanya – a private university located in Hainan
* Beijing Geely University – a private university located in Beijing
* Xiangtan Institute of Technology
* Zhejiang Automobile Vocational and Technical College
* Hunan Geely Automobile Vocations and Technical College
Technologies
Vehicle platforms
Many of Geely's subsidiaries produce vehicles using shared architectures.
*SPA – Scalable Product Architecture platform (2014–present)
*SEA – Sustainable Experience Architecture platform (2021–present)
* GEA – Global Intelligent New Energy Architecture platform, Global Intelligent New Energy Architecture (2024–present)
*CMA –
Compact Modular Architecture platform (2017–present)
**SMA – Compact Modular Architecture, Scalable Modular Architecture (2025–present)
* BMA – B-segment Modular Architecture platform (2018–present)
Sales
Figures
Other activities
In 2015, the manufacturer announced that it would invest $45.5 million over three years in the Iceland, Icelandic company Carbon Recycling International to "collaborate on the deployment of renewable methanol fuel production technologies and vehicles running 100% on methanol in China, Iceland, and other countries".
See also
* Automobile manufacturers and brands of China
* List of automobile manufacturers of China
* Automotive industry in China
References
External links
*
{{Authority control
Geely, Geely
Electric vehicle manufacturers of China
Car manufacturers of China
Manufacturing companies based in Hangzhou
Chinese companies established in 1986
Vehicle manufacturing companies established in 1986
Chinese brands
Multinational companies headquartered in China
Car brands
Luxury motor vehicle manufacturers
Taizhou, Zhejiang
Motor vehicle engine manufacturers
Automotive transmission makers