When Did Geely Acquire Volvo?
1 Answers
Geely completed the acquisition of Volvo on August 2, 2010. Here is an introduction to Geely: 1. Geely Group: Geely Automobile Group is a subsidiary of Zhejiang Geely Holding Group, headquartered in Hangzhou, Zhejiang, China. It has established vehicle and powertrain manufacturing bases in Taizhou/Ningbo (Zhejiang), Xiangtan (Hunan), Chengdu (Sichuan), Baoji (Shaanxi), Jinzhong (Shanxi), and other regions, as well as overseas factories in countries and regions such as Belarus. 2. Domestic Leader: Geely Automobile Group currently owns the Geely, Lynk & Co, Geometry, and Volvo brands, holds a 49.9% stake in Proton with full management rights, and possesses a 51% stake in the luxury sports car brand Lotus.