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Geely – it is a dynamic automotive brand of the company Geely Auto, which is part of Geely Holding Group, founded in 1986. The first Geely car was released in 1998. Since then, the company has gone from a follower to one of the leaders in the scientific and technological field. Since 2009 Geely has been on the Russian market.
Geely continues to develop production, expand the range and improve the quality of products, including through the acquisition of Western companies and cooperation with foreign enterprises in the field of technology and innovation. The most striking examples of this cooperation are the development of premium electric vehicles and hybrids under the Smart brand in conjunction with Daimler AG, he development of internal combustion engines with Volvo Car Group,which has been a subsidiary of Geely since 2010 .In addition, the iconic acquisitions of Geely are the Malaysian company Proton, the British Lotus and the American Terrafugia.
Geely owns 15 automotive plants and 8 transmission and engine manufacturing plants in China abroad, as well as research centers in China, Sweden, England and Germany, design bureaus in Shanghai, Gothenburg, Barcelona, California and Coventry.
In November, a new factory was opened in Belarus, the first Geely all-wheel-drive crossover (Geely Atlas) was announced to the Russian market.
In the first half of the year, Geely and Volvo's combined sales exceeded the 800,000 mark; the deal to acquire a controlling stake in Lotus and PROTON is closed.
Geely Holding Group has bought out the American startup for the development of flying cars Terrafugia.