Geely

For the subsidiary company, see Geely Auto.

Zhejiang Geely Holding Group Co., Ltd (ZGH), commonly known as Geely, is a Chinese automotive company headquartered in Hangzhou, Zhejiang. Founded in 1986, Geely ventured into the automotive industry in 1997.^[18] Geely Auto has emerged as the seventh largest automobile manufacturer in China, achieving sales of 1.328 million units within the country in 2021.^[19] On a global scale, the group achieved sales of over 2.2 million cars in 2021. Geely also specializes in plug-in electric vehicles, with sales reaching 17,926 units in January 2022.^[20] The company produces vehicles under various brands including Geely, Geometry, Jidu, LEVC, Lotus, Lynk & Co, Maple, Polestar, Proton, Radar, Volvo, Zeekr, and Zhidou.

Zhejiang Geely Holding Group Co., Ltd.

Headquarters in Hangzhou, Zhejiang
Company type	Private
Industry	Automotive
Founded	6 November 1986; 37 years ago (1986-11-06)[1] in Taizhou, Zhejiang, China
Founder	Li Shufu
Headquarters	Binjiang District, Hangzhou, Zhejiang, China
Area served	Worldwide
Key people	Li Shufu (Founder & Chairman) An Cong Hui (President)
Products	Automobiles, Motorcycles, engines, transmissions, luxury vehicles
Revenue	CN¥92.1 billion[2] (2020)
Operating income	CN¥9.636 billion[2] (2020)
Net income	CN¥6.44 billion[2] (2020)
Total assets	CN¥206.74 billion[2] (2020)
Total equity	CN¥64.21 billion[2] (2020)
Owner	Li Shufu
Number of employees	80,000[3]
Subsidiaries	List Aerofugia [4] Benelli[5] CEVT (China Euro Vehicle Technology)[6][7] Emerald Automotive Geely Auto Zhejiang Geely Ming Industrial London Electric Vehicle Company Lotus Cars (51%)[8] Lynk & Co Maple Proton Holdings (49.9%)[9] Renault Korea (34.2%)[10][11] Smart (50/50 joint venture with Mercedes-Benz)[12][13] Qianjiang Motorcycle Ouling Auto Terrafugia Volvo Cars (82%)[14] Polestar(49.5%)[15] Yuan Cheng Auto (Farizon Auto) Zeekr[16]
Chinese name
Simplified Chinese	浙江吉利控股集团有限公司
Traditional Chinese	浙江吉利控股集團有限公司
Transcriptions Standard Mandarin Hanyu Pinyin Zhèjiāng Jílì Kònggǔ Jítuán Yǒuxiàn Gōngsī
Website	zgh.com
Footnotes / references in consolidated financial statement; shareholders' equity figure excluded perpetual bond[17]

References

1. "History 1986–now". Archived from the original on 18 March 2017. Retrieved 26 June 2021.
2. "Annual Report 2020" (PDF). Geely Automobile Holdings Limited.
3. "The Group at a Glance". www.zgh.com. Archived from the original on 23 November 2017. Retrieved 17 January 2022.
4. "Volocopter announces joint venture with Geely subsidiary Aerofugia". electrive.com. 22 September 2021. Retrieved 5 January 2023.
5. Cathcart, Alan (12 March 2018). "Volvo owner Geely buys major stake in Benelli owner Qianjiang". DriveMag Riders. Retrieved 5 January 2023.
6. "Kinesiska staten storägare i Geely-bolag baserat i Göteborg". auto motor & sport (in Swedish). 8 December 2021. Retrieved 5 January 2023.
7. Triches, Robert (8 November 2022). "170 varslas om uppsägning på Geelyägda Cevt". Dagens industri (in Swedish). Retrieved 5 January 2023.
9. Gerard Lye (24 May 2017). "Geely to acquire 49.9% stake in Proton, 51% in Lotus – definitive agreement to be signed before end of July". Driven Communications. Archived from the original on 4 August 2019. Retrieved 27 May 2017.
10. Norihiko Shirouzu, Heekyong Yang (10 May 2022). "China's Geely buys stake in Renault Korea, eyeing US exports". Reuters. Retrieved 5 January 2023.
11. "Geely buys stake in Renault Korea, eyeing U.S. exports". Automotive News Europe. 10 May 2022. Retrieved 5 January 2023.
12. "Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars". U.S. 8 January 2020. Retrieved 5 January 2023.
13. CAR magazine (28 March 2019). "It's official: Geely buys 50 percent of Smart from Daimler". CAR Magazine. Retrieved 5 January 2023.
14. "Nordic Credit Outlook" (PDF). S&P Global Ratings. December 2021. p. 34. Retrieved 13 December 2021.
15. Hawkins, Andrew J. (27 September 2021). "Electric car company Polestar is going public via SPAC". The Verge. Retrieved 5 January 2023.
16. Julie Zhu, Scott Murdoch (12 December 2022). "Exclusive: Zeekr, a premium Geely electric car brand, seeks over $1 billion in U.S. IPO - sources". Reuters. Retrieved 5 January 2023.
17. "2016 nián nián dù bào gào" 2016年年度报告 [2016 Annual Report] (in Chinese (China)). Geely Holding. 28 April 2017. Retrieved 15 April 2018 – via Shanghai Clearing House website.
18. "Geely's Li Shufu is betting billions on global push". Yahoo Finance. 26 February 2018. Retrieved 23 March 2024.
19. "Geely Auto Holdings Jan. BEV sales skyrocket 641% YoY". Gasgoo. Retrieved 23 March 2024.
20. "Geely group sales exceed 2.2m units in 2021, up 5% - paultan.org". Paul Tan's Automotive News. 21 January 2022. Retrieved 23 March 2024.