In which year did Geely acquire the Australian transmission company?
2 Answers
In 2009, Geely Group wholly acquired Australia's DSI Automatic Transmission, the world's second-largest automatic transmission company. In August 2010, it also completed the acquisition of 100% of Volvo Car Corporation's shares, including intellectual property rights. Definition of automatic transmission: It is a transmission device that can automatically shift gears based on the vehicle's speed and engine RPM, as opposed to a manual transmission. There are four common types: Hydraulic automatic transmission (AT), continuously variable transmission (CVT), automated manual transmission (AMT), and dual-clutch automatic transmission.
I remember back in 2009, Geely made a major move by acquiring DSI, a transmission company from Australia, which caused quite a sensation at the time! I was studying the rise of Chinese automotive brands then and found this step by Geely quite crucial—mainly because they wanted to strengthen their technological reserves. DSI specialized in automatic transmissions, and once Geely took over, they immediately started developing new drivetrains for their own models. For example, the later Borui model used an improved version. From my perspective, this acquisition showcased the bold and pioneering spirit of domestic brands and laid the foundation for subsequent product quality improvements. The gradual catching up of our domestic cars to international standards owes much to such overseas acquisitions. I truly believe that year marked a turning point in the automotive industry.
