Is Geely a Joint Venture?
3 Answers
Geely Auto is not a joint venture brand; it is a domestic Chinese brand. Below is relevant information about Geely: 1. Location: Geely Auto Group is a subsidiary of Zhejiang Geely Holding Group, with its headquarters located in Hangzhou, Zhejiang. Geely Auto has production bases in Taizhou, Zhejiang; Ningbo, Zhejiang; Xiangtan, Hunan; Chengdu, Sichuan; Baoji, Shaanxi; and Jinzhong, Shanxi. In recent years, Geely has been transitioning towards the high-end market and has launched its own premium brand, Lynk & Co. 2. Models: Geely's lineup includes the Vision, Kingkong, Borui, Emgrand, Boyue, Emgrand eV, Emgrand GS, Vision SUV, Emgrand GL, Vision X1, Vision X3, and Vision S1, among others. Geely also offers several plug-in hybrid models.
I've been following the automotive industry for over a decade, and Geely is one brand I remember particularly well. It's a genuine Chinese brand, a private enterprise that started in Taizhou, Zhejiang - completely different from those joint ventures that combine foreign brands with domestic automakers. But their most impressive move was acquiring Volvo, which made headlines everywhere at the time. Later they successively took stakes in Daimler (Mercedes-Benz's parent company) and acquired Malaysia's Proton, confusing many people about ownership. Actually, acquiring foreign brands doesn't mean becoming a joint venture - just like buying a foreign phone doesn't change your nationality. Geely's current premium sub-brands like Lynk & Co and Zeekr are all following independent R&D paths. It's truly inspiring to see such national brands growing stronger and making Chinese people proud.
Last year, when accompanying a friend to buy a car, I specifically researched Geely's background. The salesperson repeatedly emphasized that it's purely domestic, even taking us on a tour of the factory area. It's completely different in nature from Sino-foreign joint ventures like Volkswagen and Toyota. Although it owns overseas assets like Volvo, the parent company's shares are entirely controlled by Chinese capital. I noticed many young people get confused because of its stylish name and European design centers, but in reality, its core technical departments are all located in Ningbo and Hangzhou. Nowadays, their Thor hybrid system and that vast architecture are all self-developed hardcore technologies with no relation to foreign capital. If we were to make a comparison, it's somewhat similar to Huawei's model, relying on global deployment to enhance competitiveness.
