Zhejiang Geely Holding Group founded by Mr. Li Shufu in Taizhou City, Zhejiang Province, China.
Geely entered the car industry and Geely Auto was founded in Taizhou City, Zhejiang Province, China.
The first vehicle from Geely Automobile rolled off the production line in Linhai City, Zhejiang Province, China.
Before this the Chinese government did not allow private companies to enter into the automotive production industry. On the eve of China’s entry into the World Trade Organisation, Geely was granted a licence to produce vehicles.
Geely Auto became the first Chinese automotive manufacturer to be listed on the Hong Kong Stock Exchange under the ticker HK0175
Geely Holding Group purchased a 19.97% stake in Manganese Bronze Holdings (the manufacturer and owner of the classic London Taxi), becaming the largest shareholder of company. After the equity acquisition, Geely Holding Group established the a joint venture company to produce and sell the classic London taxi in China.
Geely Automobile acquired the Australian transmission company Drivetrain Systems International (DSI) and established production in China. DSI transmissions are installed on mid to high end Geely Auto vehicles.
Zhejiang Geely Holding Group acquires 100% of the shares of Volvo Car Corporation from the Ford Motor Company. The agreement was signed on 28 March 2010 and the transaction was completed 2 August 2010.
Volvo announces new brand positioning and strategy for China including new factories in Chengdu and Daqing
Zhejiang Geely Holding Group announced that the company was to invest US$11 billion into Volvo Car Corporation to develop a new range of architecture, components and design language for future Volvo vehicles.
Zhejiang Geely Holding Group was listed as a Fortune 500 company for the first time.
In February 2013 Geely Holding acquired 100% control of Manganese Bronze and its subsidiary, London Taxi International and its joint venture in Shanghai.
In February 2013 Geely and Volvo established a joint R&D centre in Gothenburg to develop the next generation of C-Segment modular architecture and key components.
Volvo Car Group’s industrial footprint for factories in Daqing, Chengdu, Zhangjiakou and Shanghai was approved by the Chinese central authorities.
Geely Auto established a joint venture with Kandi Electric Vehicles to develop a first-of-its-kind time-sharing electric vehicle rental programme in select cities in China.
Volvo Car Group’s first Chinese-made vehicle, the S60L, was produced in Chengdu, China. The S60L meets Chinese market demands for improved rear passenger space
Zhejiang Geely Holding acquires Emerald Automotive, a leader in the development of lightweight and range-extended electric vehicles.
The XC90 Classic rolled off the production line in Volvo’s Daqing facility in China.
The first all new vehicle from Volvo since it was merged into Zhejiang Geely Holding Group was aired in Stockholm, Sweden to a global audience.
Geely Auto officially showcased the flagship GC9 sedan and announced its new brand positioning and official tie up with the Chinese Olympic Swimming Team. The new brand mission is ‘Creating Refined Cars for Everybody’.
Geely announces on March 26 2015 that it will invest £250m to build a new state-of the-art research, development and assembly facility for the London Taxi Company as the group prepares for the introduction of the next generation London Black Cab. On October 21 2015, Geely announced its intention to invest an additional £50 million inits state-of-the-art greenfield production facility in Ansty, Warwickshire, to turn the site into the group’s UK R&D headquarters.
The London Taxi Company (LTC) unveiled the new design for its next generation zero emission capable Black Cab, the TX5, at a VIP event celebrating creative industries and design held at Lancaster House, London, as part of the state visit tothe UK by Chinese President Xi Jinping.
Geely Auto Group (Geely) announced its ambitious new energy initiative, Blue Geely, which will see Geely move from focusing on traditional combustion engine technologies to concentrating entirely on new energy vehicle sales and development.
Volvo Cars launches its new S90 premium sedan in Detroit.
Geely Auto announces its pivot to SUV strategy, where it will use its strength in the sedan segment to push hard into the SUV markets. Geely Auto subsequently launched three SUV’s models over the course of 2016.
ZGH issues its first Green Bond, the second only ever issued in the automotive industry. The Green Bond allowed ZGH to raise 300 million USD for the further development of London Taxi Company
Geely Auto Group announces its ‘20200 Strategy’ which will see the group aim to sell and produce two million vehicles by the year 2020.
In October 2016, Geely Auto Group launched the LYNK & CO brand for global markets which combines leading design, technology and service offerings.
ZGH formally announced the establishment of Geely Commercial Vehicle (GCV) which consists of the newly launched Yuan Cheng Auto and London Taxi Company as part of the Group’s full offering of passenger and commercial vehicle offerings.
Volvo China introduced the S90 Long Wheel Base into production as a locally produced vehicle in Da Qing, China.
Volvo Cars raised SEK5bn from the sale of newly-issued preference shares to a group of Swedish institutional investors.
The group of investors comprises two Swedish pension funds, AMF and the First Swedish National Pension Fund (AP1), as well as Folksam, a Swedish insurance company.
In May 2017, Geely officially opened its new 275,000 sq metre flagship research and development center in Hangzhou Bay.
The world leading research and development centre fully capable of designing and developing complete vehicles was built with an investment of 6.2 billion RMB and is, including parts, new energy vehicle technologies, powertrain, testing facilities and quality centre.
In June 2017, Geely signed an agreement to acquire a 49.9% stake in Malaysian automaker PROTON and acquire a 51% controlling stake in luxury sports car brand Lotus from DRB-HICOM Berhad of Malaysia.
The iconic London Taxi Company (LTC) became the London Electric Vehicle Company (LEVC) in July 2017.
The name change represents the commitment by LEVC to become the leading producer of new energy focused urban commercial vehicles.
In October 2017, Zhejiang Geely Holding Group Co. increased its stake in Saxo Bank Group, a leading multi-asset trading and financial-technology firm from 30% to 51.5% making Geely the majority stakeholder in the Danish company.
In October 2017, Zhejiang Geely Holding Group and Volvo Cars announce they would jointly invest RMB 5 billion (EUR 640 million) to support the initial phase of Polestar’s product, brand and industrial development. Polestar was spun off from Volvo Cars as a stand-alone electric performance brand under Volvo Group.
In November 2017, Zhejiang Geely Holding Group announce it had entered into an agreement with Terrafugia Inc, a US-based company focused on the innovation, engineering and production of flying cars and future technologies, to acquire its operations and assets in their entirety.
In December 2017, Geely announced they would become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group, Volvo AB after acquiring Cevian Capital’s entire 8.2% share capital holding and 15.6% voting rights in the company.
In February 2018, Geely Group, a company owned by Chairman Li Shufu and managed by Zhejiang Geely Holding Group announced it had acquired a 9.7% stake in Daimler AG, Stuttgart through open market purchases of shares. The share purchase makes Li Shufu the single largest shareholder of Daimler AG.
On October 24, 2018 Daimler Mobility Services and Geely Technology Group, announced that they will form a premium ride-hailing joint venture in China.
Geely Holding Group, Tencent, and China Railway launched China Railway Gecent Technology Co., Ltd (Gecent) to develop and operate an integrated one-stop platform which will provide WiFi and other value-added services to high-speed rail customers across China.
Geely Holding signed a strategic framework agreement with China Aerospace Science and Industry Corporation (CASIC) to cooperate on the development of supersonic trains and related technologies.
Geely completed the acquisition of a controlling 52% stake in Saxo Bank, the leading fintech specialist provider of multi-asset trading and investing.
For the first time in its history, aggregate sales across ZGH’s three automotive subsidiary units – Geely Auto Group, Volvo Car Group and Geely New Energy Commercial Vehicle Group – broke 2 million units, rising 18.3% from the previous year to over 2.15 million units in 2018.
Daimler AG and Zhejiang Geely Holding Group announced the formation of a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.