Is Geely a Joint Venture Brand?

[VonCora]

Geely is not a joint venture car, but a domestic brand. More relevant information is as follows: 1. Geely Automobile Group is a subsidiary of Zhejiang Geely Holding Group, with its headquarters located in Hangzhou, Zhejiang. Geely Automobile has production bases in Taizhou, Zhejiang; Ningbo, Zhejiang; Xiangtan, Hunan; Chengdu, Sichuan; Baoji, Shaanxi; and Jinzhong, Shanxi. 2. Taking the Geely Vision X3 as an example: its length, width, and height are 4005mm, 1760mm, and 1689mm respectively, with a wheelbase of 1575mm. It is equipped with a 1.5L naturally aspirated engine, with a maximum power of 80kw and a maximum torque of 142nm, matched with a CVT continuously variable transmission or a 5-speed manual transmission. 3. The Geely Vision X3 adopts a new family design language, featuring a highly recognizable water ripple grille. The headlights are designed in an eagle-eye style, integrating light guide strips inside. The trapezoidal lower grille is wrapped in silver chrome.

[VanElisa]

I used to have this misconception too, but after checking the facts, I learned that Geely is a genuine Chinese brand. Once, I chatted with a veteran mechanic at a 4S shop, and he told me that Geely's predecessor made refrigerator parts and only started manufacturing cars in the 1990s, with no foreign origins whatsoever. Nowadays, it has acquired foreign brands like Volvo and Lotus, but Geely itself remains purely domestic. My friend bought a Xingyue L two years ago, and most parts on the vehicle's component list were produced in Ningbo factories, with the transmission using their self-developed 7DCT. When it comes to joint ventures, it's more like the SAIC-Volkswagen model with Chinese-foreign cooperation, whereas Geely is entirely independent.

[SanElijah]

Last time I accompanied a friend to the used car market, the dealer pointed at a Boyue and said it was more cost-effective than joint-venture cars. I specifically verified with a technical consultant at the 4S store that Geely is indeed a private enterprise founded by Li Shufu from scratch, and even its production base at the Luqiao factory in Taizhou, Zhejiang, is its own. Although it acquired a 49.9% stake in Malaysia's Proton, these overseas investments are part of business operations. The models we actually drive daily, like the Emgrand and Binyue, are developed and produced domestically from R&D to the production line. So my understanding is: Geely acquiring foreign brands doesn't mean it becomes a joint venture, just like Tencent buying Riot Games is still a Chinese company.

[Jonathan]

Last month at the auto show, I saw the new Galaxy E8 and specifically looked up information about it. Geely entered the automotive industry in 1997, with its headquarters in Hangzhou Binjiang, and even won the 'China Automotive Industry Science and Technology Progress Award' last year. What makes it most special is its use of its own CMA platform for car manufacturing, a technology even Volvo employs. Although many car owners feel proud driving a Geely, at its core, it's a domestic automaker just like Chery and BYD. Some people get confused by its acquisition of Volvo, but it's essentially like Huawei buying foreign patents while remaining a Chinese company.

[TessaRose]

Yesterday, I finally understood after watching a car blogger's explanation that Geely is a privately-owned holding group. Their approach to car manufacturing is quite interesting: spending 1.8 billion USD to acquire Volvo was for technology, and investing in Mercedes-Benz is a financial move, but these actions don’t change the brand's nature. For example, the Binyue Cool I drive clearly states 'Manufactured by Zhejiang Geely Holding Group' on its nameplate, with no mention of any foreign enterprise. If we're talking about joint venture cars, it should at least involve both Chinese and foreign parties jointly investing to establish a company, like Dongfeng Honda.

[MacEllie]

My uncle works at a Taizhou auto parts factory, and he said Geely's production lines are entirely equipped with domestic machinery. They only obtained passenger car manufacturing qualifications in 2001, over forty years later than FAW. Although they now have joint venture sub-brands like Lynk & Co, the parent company Geely Automobile (stock code: 00175) is registered in the Cayman Islands solely for listing purposes, with actual controllers remaining Chinese nationals. Their model is completely different from SAIC-GM-Wuling, which has Chinese-foreign joint ownership, whereas Geely represents a classic case of private enterprises going global for investment.