Geely

This article is about the conglomerate holding company. For the car brand and subsidiary, see Geely Auto.

Zhejiang Geely Holding Group Co., Ltd.
Company typePrivate
IndustryAutomotive
Founded
  • 6 November 1986; 38 years ago (1986-11-06)[1]
    in Taizhou, Zhejiang, China
  • 24 March 2003; 21 years ago (2003-03-24) (as ZGH)
FounderLi Shufu
HeadquartersBinjiang District, Hangzhou, Zhejiang, China
Area served
Worldwide
Key people
  • Li Shufu (chairman)
  • An Conghui (president)
ProductsAutomobiles, motorcycles, engines, transmissions
Production output
Increase 2.79 million vehicles (2023)[2]
RevenueIncrease US$60.40 billion (2022)[3]
Increase US$945 million (2022)[3]
Total assetsIncrease US$81.29 billion (2022)[3]
Total equityIncrease US$13.01 billion (2022)[3]
OwnerLi Shufu
Number of employees
131,517 (2022)[3]
Subsidiaries
List
Chinese name
Simplified Chinese浙江吉利控股集团有限公司
Traditional Chinese浙江吉利控股集團有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhèjiāng Jílì Kònggǔ Jítuán Yǒuxiàn Gōngsī
Websitezgh.com
Footnotes / references
in consolidated financial statement; shareholders' equity figure excluded perpetual bond[11]

Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding (/ˈdʒiːli/ ; Chinese: 吉利控股; pinyin: Jílì Kònggǔ), is a Chinese multinational conglomerate headquartered in Hangzhou, Zhejiang. The company is privately owned by Chinese entrepreneur Li Shufu, and mainly engaged in the automotive industry.

Geely was founded 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. As of 2023, the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies.[3] In 2023, the group produced a total of 2.79 million vehicles globally, including 980,000 plug-in electric vehicles.[2]

The company manufactures and sells vehicles under the brands of Geely and Lynk & Co, which are part of the Geely Auto Group business unit, along with its subsidiaries and joint ventures such as Zeekr, Volvo Cars, Polestar, Proton, Smart and Lotus, as well as commercial vehicles under the London EV Company, Radar Auto and Farizon brands. It produces motorcycles under its subsidiaries Zhejiang Geely Ming Industrial (Jiming and Geely), Qianjiang Motorcycle (QJMotor and Keeway), and Benelli. It also holds a 17% stake in Aston Martin and owns half of Horse Powertrain, an engine manufacturing joint venture with Renault.[12][13]

Geely is a phonetic transliteration of the company's native name 吉利 (pinyin: Jílì), which means "auspicious" or "propitious" in Chinese.[14]

  1. ^ "History 1986–now". Archived from the original on 18 March 2017. Retrieved 26 June 2021.
  2. ^ a b "吉利控股集团2023年总销量约279万辆". 媒体中心 - 浙江吉利控股集团有限公司 (in Simplified Chinese). Retrieved 17 April 2024.
  3. ^ a b c d e f "Zhejiang Geely Holding Group". Fortune. Retrieved 17 April 2024.
  4. ^ Norihiko Shirouzu, Heekyong Yang (10 May 2022). "China's Geely buys stake in Renault Korea, eyeing US exports". Reuters. Retrieved 5 January 2023.
  5. ^ "Geely buys stake in Renault Korea, eyeing U.S. exports". Automotive News Europe. 10 May 2022. Retrieved 5 January 2023.
  6. ^ Cite error: The named reference Lotus Geely Etika stake paultan.org was invoked but never defined (see the help page).
  7. ^ Peter Campbell, Donato Paolo Mancini (17 November 2023). "Volvo shares sink after Geely cuts stake". Financial Times. Retrieved 10 November 2024.
  8. ^ Cathcart, Alan (12 March 2018). "Volvo owner Geely buys major stake in Benelli owner Qianjiang". DriveMag Riders. Retrieved 5 January 2023.
  9. ^ "Volocopter announces joint venture with Geely subsidiary Aerofugia". electrive.com. 22 September 2021. Retrieved 5 January 2023.
  10. ^ "Chinese smartphone brand Meizu sold to carmaker Geely as smart vehicles become latest frontier for Big Tech". 14 June 2022.
  11. ^ "2016 nián nián dù bào gào" 2016年年度报告 [2016 Annual Report] (in Chinese (China)). Geely Holding. 28 April 2017. Retrieved 15 April 2018 – via Shanghai Clearing House website.
  12. ^ "Aston Martin Attracts Chinese Carmaker Geely as Shareholder". Bloomberg.com. 30 September 2022.
  13. ^ "Aston Martin appoints Geely CEO to board". Automotive News Europe. Retrieved 26 April 2024.
  14. ^ "SPECIAL REPORT-Saving Volvo:Geely buys brand and management test". Reuters. 22 July 2010.