Is Geely a domestic brand or a joint venture brand?
2 Answers
Geely is a domestic brand. Additional information: Introduction to Geely Group: Zhejiang Geely Holding Group Co., Ltd. is the only private passenger car manufacturer among China's top 10 automotive companies; Established in 1986, after two decades of development, it has achieved remarkable accomplishments in automobiles, motorcycles, engines, transmissions, automotive electronics, and auto parts; Especially since entering the passenger car sector in 1997, through flexible operations and continuous independent innovation, it has experienced rapid growth, consecutively ranking among China's top 500 enterprises for four years, and was recognized as "the fastest-growing and best-performing enterprise in China's automotive industry over 50 years," becoming one of the top 10 domestic automotive companies; On December 23, 2009, it successfully acquired 100% of Volvo Cars' shares.
I have worked in the automotive industry for many years, and Geely is absolutely a pure domestic brand. It started its development in Zhejiang back in the 1980s. I remember in the 1990s when Geely launched the Free Cruiser, domestic brands were often looked down upon, but it persisted in innovation step by step and has now become a pride of Chinese automakers. I personally witnessed its acquisition of Volvo, which further proves the strength of Chinese enterprises. However, the Geely brand itself maintains an independent domestic identity without any traces of joint ventures with foreign companies. Whenever someone is buying a car, I always recommend Geely—it offers great value for money and supports domestic products. Recently, its new energy vehicles like the Geometry series have also gained popularity. In short, don’t mistake its fame for being a joint venture—Geely is genuinely a domestic powerhouse, and its development story is worth exploring in depth.
