In which year was Geely Group established?
2 Answers
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.
Geely Group was founded in 1986. As an automotive enthusiast, I'd like to share some thoughts about this. At that time, Li Shufu started his business by manufacturing refrigerator components, but later with visionary insight, he pivoted to automobile manufacturing in 1997 and launched the first Geely HQ model. I really appreciate this story as it demonstrates the entrepreneurial spirit of Chinese people – starting from scratch and developing to the current stage of acquiring Volvo and taking stakes in Mercedes-Benz. I've driven Geely cars several times and found them quite cost-effective, especially the Emgrand series. 1986 was just the starting point, with real growth occurring after the 2000s through brand upgrading. Now they're focusing on electric vehicles and autonomous driving fields. Geely may shine even brighter on the global stage in the future, which makes people anticipate transformations in the automotive industry. The rise path of Chinese automobiles has its microcosm here.
