In which year was Geely Group established?

[SanIsabel]

Geely started its business in 1986, established Geely Group Co., Ltd. in May 1996, and entered the automobile industry in 1997, becoming China's first private passenger car enterprise. Here is the historical timeline of important events during the early establishment of Geely Group: On November 6, 1986, Li Shufu started Geely's entrepreneurial journey with refrigerator parts as the starting point. In 1989, the company shifted to producing high-end decorative materials and developed the first Chinese-made magnesium-aluminum curved panel. In April 1994, Geely entered the motorcycle industry and produced China's first luxury scooter that same year. In June 1994, China's first luxury scooter was born. In May 1996, Geely Group Co., Ltd. was established, embarking on the path of large-scale development. In 1997, the company entered the automobile industry, becoming China's first private passenger car enterprise. On August 8, 1998, the first Geely car rolled off the production line in Linhai City, Zhejiang Province.