Volvo Cars and Geely Holding Invest 5 Billion RMB to Develop Polestar

October 17, 2017 | Polestar, Volvo Car Group, Zhejiang Geely Holding Group

Volvo Cars and Geely Holding jointly invest 5 billion RMB to support the initial phase of Polestar’s product, brand and industrial development. The investment will be used, among other things, to establish a state-of-the-art Polestar manufacturing facility in Chengdu, China. Polestar’s first production car, the Polestar 1, is a 600hp two-door, four-seater hybrid coupé with…

Geely Becomes Largest Shareholder in Saxo Bank

October 2, 2017 | Zhejiang Geely Holding Group

Sampo plc new shareholder in Saxo Bank and Geely becomes largest shareholder  2 October 2017, Hangzhou. Shareholders of Saxo Bank Group (“Saxo”), a leading multi-asset trading and financial-technology firm, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 percent of the bank. In May 2017, it was…

Geely Holding and DRB-HICOM Names Nominees to PROTON Group Boards

September 29, 2017 | PROTON, Zhejiang Geely Holding Group, 尊龙汽车集团, 宝腾汽车, 浙江尊龙控股集团

Dr. Li Chunrong, appointed CEO of PONSB, leads executive team of global experts Full revitalization of PROTON Group underway 29 September 2017, Shah Alam, Malaysia. Exactly one hundred days after the signing of the Definitive Agreement between DRB-HICOM Berhad (DRB-HICOM) and Zhejiang Geely Holding Group (Geely Holding) on 23 June, the two companies have confirmed…

China’s New Diplomatic Fleet

September 7, 2017 | Geely Auto Group, Zhejiang Geely Holding Group

50 new Geely GC9 delivered for foreign affairs use   7 September 2017, Beijing, China. Geely Auto (Geely) announced today that China’s Ministry of Foreign Affairs Service Bureau would continue to use Geely’s flagship sedan, the Geely GC9, within its diplomatic fleet. Fifty new Geely GC9s were delivered to the Beijing Diplomatic Service Bureau at…

Zhejiang Provincial Party Secretary Che Jun Visits Volvo Sweden Headquarter and Test New LYNK & CO 01

August 30, 2017 | Geely Auto Group, LYNK & CO, Volvo Car Group, Zhejiang Geely Holding Group

30 August 2017, Gothenburg, Sweden. Zhejiang Provincial Party Secretary and Director of Zhejiang Province People’s Congress Standing Committee Che Jun along with a delegation from Zhejiang visited Volvo headquarters and Geely’s China-Euro Vehicle Technology Centre (CEVT) in Gothenburg, Sweden. Secretary Che and his delegation toured of Volvo’s experience centre, observed a Volvo vehicle crash test,…

Zhejiang Geely Holding Group Poverty-Relief Project Lifts Villages Out of Poverty

August 8, 2017 | Zhejiang Geely Holding Group

Zhejiang Geely Holding Group Poverty-Relief Project Lifts Villages Out of Poverty Geely Holding Group invest over 800,000 RMB to lift one disadvantaged village out of poverty In 2016, Geely Holding Group invested 28 million RMB in poverty alleviation 8 August 2017, Zhangjiakou, China. Zhejiang Geely Holding Group targeted poverty-relief program “Geely Timely Rain” is helping…

Geely And Volvo Cars Sign Joint Venture Agreements on Technology-Sharing and Development of LYNK & CO

August 4, 2017 | Geely Auto Group, LYNK & CO, Volvo Car Group, Zhejiang Geely Holding Group

4 August 2017, Hangzhou, China. Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, has completed the formation of two new joint ventures with Volvo Cars to co-operate on automotive technologies, purchasing and the future development of the newly-launched LYNK & CO brand. Geely Holding and Volvo, its wholly-owned Swedish subsidiary, today signed…

Geely Holding Make the Fortune Global 500 For the Sixth Consecutive Year

July 20, 2017 | Geely Auto Group, Volvo Car Group, Zhejiang Geely Holding Group

Geely Holding rises 67 places to 343rd in 2017 Fortune Global 500 Geely Holding listed on Fortune Global 500 for sixth consecutive years 20 July 2017, Hangzhou, China. Zhejiang Geely Holding Group (Geely Holding) rose 67 places from the previous year to become ranked 343rd in the 2017 Fortune Global 500 with 2016 revenue of US$31.4…