Geely is privately held by Chinese billionaire business magnate Li Shufu.
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Geely is privately held by Chinese billionaire business magnate Li Shufu.
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Geely Auto is currently the seventh largest automobile manufacturer in China, with 1.
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Geely is a phonetic transliteration of the company's native name, which means "auspicious" or "propitious" in Chinese.
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Zhejiang Geely Holding Group was already manufacturing its own cars long before it acquired the Swedish passenger car maker Volvo Cars from Ford Motor Company in 2010.
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Zhejiang Geely Holding Group has global operations spanning the automotive value chain, from research, development and design to production, sales and service.
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Geely approached Ford in mid-2008 about a possible takeover of Volvo Cars.
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In December 2011, it was announced that Geely would begin selling Chinese-designed and -manufactured cars in the United Kingdom at the end of 2012, with the first model to go on sale being the Emgrand EC7.
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In November 2017, Geely announced completion of the Terrafugia acquisition, including approval from all relevant regulators.
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In September 2019, Geely led a round of private funding for Volocopter that raised $55 million for the company.
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In September 2020, Geely started talks with rival car manufacturers, including Daimler AG, to license a new architecture it developed for building electric cars.
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Geely is set to create an electric vehicle joint venture together with Baidu.
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Geely expects to begin deliveries of Zeekr models in the third quarter of 2021.
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Geely is known for imbuing a sense of humour in the names of some of their vehicles.
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Geely Auto is ZGH's original and mainstream brand, primarily sold in China and select overseas markets.
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Zhejiang Geely Holding Group acquired Volvo Cars from Ford Motor Company in 2010.
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Geely produced motorcycle since 1994 with own subsidiry Geely Ming Industrial Co.
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Geely is one of the largest producers of motorcycles in China and own several renowned brands including Italy's Benelli.
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In 2009, Geely bought Drivetrain Systems International Pty Ltd, a global transmission developer headquartered in Australia.
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Geely refers to its dealer network as 4S stores and sells some models online.
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Geely is marketed in Lebanon, through the Rasamny Younes dealership network.
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An unsuccessful lawsuit was brought against the company in the early 2000s by Toyota, which claimed Geely had "implied in ads that some of the parts [used in Geely vehicles] were made by Toyota".
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In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Geely, of being connected to forced Uyghur labor in Xinjiang.
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