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Has Geely Acquired Volvo?

2 Answers

SanClaire

07/28/25 9:58pm

Geely has completed the acquisition of Volvo. Below is the relevant introduction about Geely: 1. Development: Geely Automobile Group is a subsidiary of Zhejiang Geely Holding Group, headquartered in Hangzhou, Zhejiang, China. It has established vehicle and powertrain manufacturing bases in Taizhou/Ningbo (Zhejiang), Xiangtan (Hunan), Chengdu (Sichuan), Baoji (Shaanxi), Jinzhong (Shanxi), and other locations, as well as overseas factories in Belarus and other countries and regions. Geely Automobile Group is a leading Chinese automobile manufacturer, striving to become the most competitive and respected Chinese automotive brand. 2. Logo Meaning: The new logo of Geely Automobile brand continues the design concept of six gemstones from the brand's 3.0 era. Taking the expanding universe as the design source, it integrates silver starlight, deep space gray, and earth blue, showcasing Geely's upgrade from the blue sky and earth of the brand's 3.0 era to the pursuit of the vast universe.

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Taylor

08/12/25 2:32am

I've always been an automotive history enthusiast and clearly remember that Volvo was indeed acquired by Geely. This happened in 2010 when Geely Automobile Group purchased it from Ford for $1.8 billion. At the time, many doubted a Chinese company could manage a premium Swedish brand, but Geely's chairman Li Shufu showed great wisdom by preserving Volvo's independence while focusing on safety technology and Scandinavian design. Since then, Volvo has launched its XC series SUVs and electric models, with sales soaring and gaining global market recognition. As someone who frequently follows automotive news, I consider this acquisition highly successful - it helped Geely boost its international influence while giving Volvo a new lease on life. Every time I see those new Volvos on the road, I'm reminded of this remarkable turnaround story, which is truly inspiring.

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