You may be wondering, who exactly is behind the popular car brands you see on roads every day? Well, a significant number of them are owned by Geely. Known officially as Zhejiang Geely Holding Group, this giant in the automotive industry has quietly accumulated a diverse portfolio of global car companies over the past few years.
Geely isn’t just a major player in China’s domestic car market; it’s also making waves internationally. It owns some of the world’s most iconic and beloved vehicle brands. From luxurious sedans to sporty convertibles and reliable family cars, there’s a good chance that one or more of your favorite models come from Geely’s extensive brand collection.
From high-end luxury to affordable economy, Geely has got its fingers in many pies. The company owns brands such as Volvo, Lotus, and even has stake in Mercedes-Benz through its parent company Daimler AG. These acquisitions allow Geely to cater to various segments of the global automobile market while enhancing their technical capabilities and expanding their reach across different regions.
A Brief Overview of Geely
Let’s take a moment to discuss Geely. It’s a name that might not ring as familiar as other automotive giants, but it’s one that holds significant weight in the industry nonetheless. Founded in 1986 by Li Shufu, Geely Automobile Holdings Ltd has grown from being a refrigerator parts manufacturer to one of China’s largest and most influential car manufacturers.
Diving into its portfolio, you’d be surprised at just how many brands fall under the Geely umbrella. From luxury cars to ride-hailing services, there’s a broad spectrum of companies owned by this Chinese conglomerate.
One of their most notable acquisitions is Volvo Cars. Back in 2010, Geely made headlines when it bought the Swedish auto brand from Ford Motor Company for $1.8 billion – marking China’s biggest overseas auto industry deal at the time.
Furthermore, Geely also owns:
- Lotus, an iconic British sports car maker famed for its lightweight racing machines.
- A majority stake in Proton, Malaysia’s leading automaker.
- The London EV Company (LEVC), known for producing London’s distinctive black cabs.
- Nearly half of Denmark’s Saxo Bank, extending its reach into financial services.
In addition to these brands, they’ve launched several others including Geometry (an all-electric brand) and Lynk & Co., targeting tech-savvy consumers with connected cars.
It doesn’t stop there though! In 2017, Geely stealthily amassed a nearly 10% stake in Daimler AG – making it the largest single shareholder of Mercedes-Benz’ parent company.
From humble beginnings to global presence: that pretty much sums up Geely’s rapid ascent in the automotive world. So next time you see a Volvo or Lotus zoom past you on the freeway remember – it’s part of something bigger than meets the eye!
Unveiling the Geely Empire: Key Owned Companies
When you hear “Geely,” what comes to mind? If you’re thinking about a leading global automotive group, you’re spot on. But did you know that this Chinese giant owns a plethora of companies across varied sectors? Let’s dive right in and uncover some key companies within the Geely empire.
Zhejiang Geely Holding Group Co., Ltd., the parent company, holds an impressive roster of brands under its umbrella. The Geely Auto Group is one of them, boasting models like Emgrand, Geometry, Lynk & Co., to name just a few.
In 2010, Geely made headlines when it acquired Volvo Cars from Ford Motor Company. This strategic move allowed them to tap into advanced technology and gain leverage in the premium car market segment.
But they didn’t stop there. Always eager for expansion and innovation, Geely also stepped into the world of sports cars by acquiring British brand Lotus Cars in 2017.
|2017||Lotus Cars||Sports Car|
If you’ve ever been amazed by London’s iconic black cabs zipping around town, here’s something that might surprise you: those are produced by The London EV Company (LEVC) – yet another member of the vast Geely family!
- They own nearly half of Proton Holdings Berhad (Proton), Malaysia’s first car manufacturer.
- They control Denmark-based electric bike company Kappel
- They have major stakes in flying car start-up Terrafugia
It’s clear that with such diverse holdings spanning various industries worldwide — from modest sedans to luxury sports cars and even flying vehicles — Zhejiang Geely Holding Group has truly established itself as a global powerhouse in the automotive industry. Your understanding of “what companies does geely own” should now be much broader!
Volvo Cars: A Swedish Gem in Geely’s Portfolio
Dive into the world of automotive industry and you’ll find that Geely is a prominent player. This Chinese multinational automotive company has an impressive portfolio of brands, one of which is the highly regarded Swedish car manufacturer, Volvo Cars.
Geely’s acquisition of Volvo Cars back in 2010 was a strategic move that significantly expanded its global footprint. Since then, it’s been able to tap into Volvo’s established reputation for safety and quality while simultaneously integrating innovative technologies to stay competitive.
Under Geely’s ownership, Volvo Cars has made considerable strides forward. The brand now boasts an exciting lineup of vehicles with cutting-edge features. You’ve probably heard about their commitment to electric cars – by 2025, they plan for half their car sales to be fully electric models.
Here are some key figures illustrating Volvo Car’s growth under Geely:
|2010 (acquisition year)||373000|
That’s a staggering increase over just ten years! These numbers clearly indicate how well things are going since Geely took over.
Beyond numbers though, there have been major advancements on the technological front too. In particular, Geely has leveraged its resources to bolster Volvo’s autonomous driving capabilities.
- In 2017, they launched Drive Me – an ambitious project testing autonomous driving cars with real people.
- They’ve also invested heavily in Zenuity – a joint venture focused on developing advanced driver assistance systems and autonomous drive software.
So there you have it! Under Geely’s wing, Volvo Cars isn’t just surviving but thriving with improved sales figures and technological advancements. It’s proof positive that this Swedish gem has found a supportive home within the expansive portfolio of China’s largest independent automaker – Geely.
Unraveling the Story of Lotus and Geely’s Partnership
Geely, a Chinese multinational automotive company, has taken strides in expanding its global footprint. One such stride was its acquisition of the iconic British sports car manufacturer, Lotus.
In 2017, Geely bought a controlling stake in Lotus, becoming the majority shareholder with a whopping 51% share. The remaining 49% is still owned by Malaysia’s Etika Automotive. This marked a significant shift for Lotus that had been struggling financially for years.
It’s worth noting that this wasn’t Geely’s first venture into rescuing an international car brand. You may recall their successful rejuvenation of Volvo Cars after acquiring it from Ford in 2010.
So what does this mean for you as a consumer? Well, since Geely took over, there’s been a renewed vigor at Lotus. They’ve ramped up production and launched new models like the Evija – their first all-electric hypercar.
Here are some key takeaways from this partnership:
- Financial Stability: With Geely’s backing, Lotus now enjoys much-needed financial stability to innovate and expand.
- Technological Advancement: Leveraging on Geely’s technological prowess has allowed Lotus to explore electric vehicle technology.
- Market Expansion: As part of the larger Geely group which includes other brands such as Volvo and Lynk & Co., Lotus has opportunities to reach newer markets.
With these points in mind, it’s clear that the future looks brighter for both companies – Geely continues to flex its global muscles while Lotus gets to write another chapter in its illustrious history.
The Proton–Geely Alliance: Mutual Growth Goals
Let’s take a look at the alliance between Geely and Proton, two powerhouses in the automobile industry. This collaboration serves as a shining example of how strategic partnerships can foster mutual growth.
In 2017, Geely acquired a controlling stake in Proton, Malaysia’s first car manufacturer. With this move, Geely gained access to the Southeast Asian market and an opportunity to boost its global presence. You might be wondering about what Proton stood to benefit from this deal. Well, it got the chance to revamp its aging product line using Geely’s cutting-edge technology.
This partnership has been highly beneficial for both companies:
- For Geely, it has expanded its customer base by increasing visibility in markets previously untapped by them.
- Proton, on the other hand, is now able to offer more competitive products thanks to Geely’s technological expertise.
Here’s a quick glimpse at some key figures post-acquisition:
|Year||Total Sales (Units)||Increase (%)|
As you can see from these numbers, there’s been quite an impressive increase in total sales since Geely stepped into the picture.
The bottom line? Companies like Geely don’t just look for acquisitions – they seek alliances that open doors for mutual growth. And when you’ve got two ambitious companies like Geely and Proton joining forces – well, great things are bound to happen.
Lynk & Co: Reimagining Mobility with Geely
Let’s dive into Lynk & Co, a unique brand under the expansive Geely umbrella. A newcomer to the auto industry, Lynk & Co was established in 2016 as a joint venture between Geely and Volvo Cars. It’s positioned itself as a global mobility brand that doesn’t just sell cars – it sells connectivity.
Offering an innovative twist on car ownership, Lynk & Co encourages you to think outside the traditional box. Indeed, their business model includes features such as subscription-based services and shared ownership possibilities. It’s all about providing flexibility to meet your specific needs.
A key element of their strategy is leveraging technology for enhanced customer experience. All their vehicles are connected to the cloud via embedded software provided by Ericsson. This means you can unlock your car with your smartphone or share access with others digitally.
Here are some notable achievements of Lynk & Co:
- Within one year of its launch, Lynk & Co had already received over 120,000 orders.
- By 2020, they had expanded into the highly competitive European market.
- The company’s first car model, the 01 SUV, was named China’s Car of the Year in 2018.
But don’t let these impressive numbers fool you. While it may be easy to focus on sales and expansion metrics alone, it’s important to remember that Lynk & Co’s ultimate goal isn’t simply selling more vehicles – it’s transforming how we think about personal mobility altogether.
So whether you’re looking for a new vehicle or just curious about where the world of automotive innovation is heading next, keep an eye on this bold player from Geely – because Lynk & Co is certainly paving its own path in redefining what modern mobility can look like.
Terrafugia and The Future of Flying Cars with Geely
Geely, a global auto powerhouse, boldly ventures into the future of mobility. One such venture is their acquisition of Terrafugia, an innovative company dedicated to building practical flying cars. This partnership brings us one step closer to truly efficient air travel becoming part of everyday life.
Let’s take a quick look at Terrafugia:
- Founded in 2006 by MIT graduates
- Pioneers in creating roadable aircraft
- Launched Transition® – world’s first practical flying car
Transition® was just the beginning for Terrafugia. Following this success, they’ve unveiled plans for the TF-X™, a plug-in hybrid electric flying car with vertical takeoff and landing capabilities.
You might be thinking: how does owning a company like Terrafugia benefit Geely? Well, it’s all about staying ahead in the game. As traffic congestion increases globally, companies need to explore alternative modes of transportation – and what could be more groundbreaking than a flying car?
In addition, think about these benefits:
- Time-saving: Flying cars will drastically cut down travel time.
- Environmental benefits: Reduced carbon emissions due to less ground traffic.
- Economic boost: An entirely new industry will be created around maintaining and servicing these vehicles.
So as you can see, Geely’s ownership of Terrafugia isn’t merely about making science fiction come true – it’s about reshaping our perceptions on personal transport while addressing real-world issues like pollution and heavy traffic.
Remember this: The future belongs to those who dare. With its ownership of companies like Terrafugia, Lotus Cars and Volvo among others; Geely is paving the way for innovations that are set to redefine our journey through life.
Polestar’s Role within the Dynamic Automotive Landscape
Let’s delve into Polestar’s unique role in the dynamic automotive landscape. As a subsidiary of Geely, Polestar has a crucial part to play in this ever-evolving arena.
Here’s something worth noting: Polestar isn’t just another name under Geely’s umbrella. Instead, it stands as a significant player in the electric vehicle (EV) market. It does so by setting its sights on high-performance EVs, carving out a niche for itself amid giants like Tesla and BMW.
Innovation is at the heart of what makes Polestar shine. They aren’t afraid to push boundaries or challenge conventions, evidenced by their first fully electric vehicle, the Polestar 2. This model broke new ground with its advanced tech features and impressive driving range.
Being an integral part of Geely gives Polestar several advantages. For starters, they have access to extensive resources and expertise from one of China’s leading auto manufacturers. This relationship enables them to stay ahead of the curve when it comes to technological advancements and market trends.
Here are some noteworthy achievements:
- In 2020 alone, Polestar sold over 10,000 units of their flagship EV model.
- The company plans to launch three new models by 2024.
However, it isn’t all smooth sailing for Polestar. Like any other brand stepping into the fast-paced world of EVs there are challenges lurking around every corner. But with Geely standing behind them and their dedication towards innovation propelling them forward – they’re geared up for success!
So there you have it – that’s how Polestar, as part of Geely’s portfolio companies is shaping up within the dynamic automotive landscape!
From Daimler to Volvo Trucks: Other Strategic Investments by Geely
When you think of global automotive players, the name Geely likely comes to mind. Known for its savvy investments and strategic acquisitions, Geely’s portfolio is a diverse tapestry of renowned companies in the industry.
One notable investment of Geely is in Daimler AG. Back in 2018, they purchased a whopping 9.69% stake, becoming the largest single shareholder of this luxury car manufacturing giant. This move wasn’t just about ownership; it’s also aimed at fostering technological collaboration between both entities, especially in areas such as electric vehicles and autonomous driving technology.
But that’s not all! Geely’s reach extends beyond passenger cars into heavy vehicles with their acquisition of an 8.2% stake in Volvo Trucks, making them one of the major shareholders too.
In addition to these significant holdings:
- They own a majority share (51%) in Lotus Cars, adding this legendary British sports car brand to their portfolio.
- They hold a controlling interest (50%) in Lynk & Co, a high-end automobile manufacturer.
- They have complete control over London Electric Vehicle Company (LEVC), producers of London’s iconic black cabs now turned electrified.
Clearly, Geely has strategically invested across various facets of the automotive sector – from luxury cars with Daimler to heavy vehicles like Volvo trucks and even electric vehicle technology via their involvement with LEVC.
Let’s take a quick look at some key numbers:
|Company||Stake held by Geely (%)|
|Lynk & Co||50|
These moves illustrate how keenly interested Geely is on diversifying its portfolio while also investing heavily towards future technologies like electric and self-driving cars. It truly speaks volumes about their vision for the future – one where innovation rules supreme!
Pulling It All Together: How These Acquisitions Shape Geely’s Strategy
Let’s delve into how these acquisitions have shaped Geely’s strategy. Geely’s diverse portfolio, with companies spanning from Volvo Cars to Lotus and Proton, has positioned it as a global powerhouse in the auto industry.
Firstly, you’ll notice that Geely’s acquisitions are often complementary. They’ve smartly chosen companies that each bring unique strengths to the table. For example:
- Volvo Cars provides cutting-edge safety technologies.
- Lotus brings high-performance engineering expertise.
- Proton offers an established presence in Southeast Asia.
These acquisitions allow Geely to tap into new markets and technologies without starting from scratch.
Secondly, there’s a clear focus on future mobility solutions. The acquisition of Terrafugia signifies this forward-thinking approach. This company is at the forefront of flying car technology – a potential game-changer for urban mobility.
Lastly, these strategic moves have created economies of scale for Geely. With shared platforms and technologies across its brand portfolio, they’re able to reduce costs while boosting their production capacity.
So what does this mean for you? As consumers keep demanding more advanced vehicles and sustainable transportation solutions, expect to see continuous growth from this Chinese automaker thanks to its far-sighted acquisition strategy.
Here’s a quick summary:
|Strengths Brought by Each Acquisition||Company|
|Cutting-edge Safety Technologies||Volvo Cars|
|High-Performance Engineering Expertise||Lotus|
|Established Presence in Southeast Asia||Proton|
|Flying Car Technology||Terrafugia|
To sum up, it’s evident that through careful planning and strategic investments, Geely has set itself up for success in the rapidly evolving automotive landscape. The brands under its umbrella aren’t just subsidiaries – they’re integral parts of a larger vision that keeps pushing boundaries in the auto world.