Tuesday, June 11, 2024

Zhejiang Geely Holding Group Co., Ltd. (ZGH)

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Nyongesa Sande
Nyongesa Sandehttps://bizmart.africa
Nyongesa Sande is a Kenyan blogger, Pan Africanist,c olumnist Political Activist , blogger, informer & businesman who has interest in politics, governance, corporate fraud, human rights and television personality.

Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely , is a Chinese multinational automotive company headquartered in HangzhouZhejiang. The company is privately held by Chinese billionaire entrepreneur Li Shufu. It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary. Geely Auto is currently the seventh largest automobile manufacturer in China, with 1.328 million sales in China in 2021. Globally, the group sold over 2.2 million cars in 2021, and over 17,926 plug-in electric vehicles in January 2022.

The company produces and sells vehicles under its own branding such as Geely AutoGeometryMaple, and Zeekr, and under foreign-located subsidiaries, such as Volvo CarsPolestarLynk & CoProton, and Lotus, as well as commercial only vehicles under the London EV CompanyOuling Auto and Farizon Auto brands. It also produces electric vehicles under some of the previously listed brandings, and motorcycles under its subsidiary Zhejiang Geely Ming Industrial (Jiming and Geely brands), Qianjiang Motorcycle (QJMotor and Keeway brands) and Benelli. In September 2022, the group acquired a 7.6% shareholding in Aston Martin Lagonda Global Holdings plc, the ultra-luxury British performance brand Aston Martin.

Geely Automobile Holdings Limited history, profile and corporate video

   Geely Automobile Holdings Limited is an investment company engaged in the manufacturing of automobiles, as well as in the research, production, marketing and sales of automobiles and related automobile components.

   The controlling shareholder of the company is Zhejiang Geely Holding Group Company Limited, a private company incorporated in the People’s Republic of China, which is wholly owned by Eric Li (Li Shufu), the Company’s substantial shareholder and chairman of its board of directors, and his associate.

   Geely Automobile Holdings Limited, the subsidiary of Geely Auto Group owning the Geely Auto, Geometry, and 50% of Lynk & Co brands, has been listed on the Hong Kong stock exchange since 2005.

  • Geely Auto is a Chinese auto brand founded in 1997 as a subsidiary of Zhejiang Geely Holding Group. Since its founding, it become one of the best-selling Chinese automotive brands globally. Since 2017, Geely Auto has been the top Chinese brand in passenger vehicle sales for four consecutive years.
  • Geometry is an independent pure electric sub-brand established in 2019 within Geely Auto Group. The brand is committed to launching a series of products including sedans, SUVs, and MPVs driven by pure electric drive.
  • Lynk & Co is a globally focused automotive brand formed in 2016 as a joint venture between Geely Auto Group and Volvo Car Group.

   With its headquarter in Hangzhou, Zhejiang, China and 11 manufacturing plants in Chhina + 1 JV plant in Belarus, the Group sells its 17 major vehicle models (including the “Lynk&Co” vehicle models sold by the Group’s 50%-owned joint venture, namely “Lynk&Co JV”) developed under 4 platforms & 2 modular architectures.

   The Group had more than 980 Geely dealers ,170 Geometry dealers and 295 LYNK & CO dealers in China. It also exported its products through more than 24 sales agents and 335 sales and service outlets in 35 overseas countries.

   Genius AFC is a joint venture between Geely Automobile Holdings Limited and BNP Paribas Personal Finance which provides financial products and services for licensed dealers and car buyers.

   With more than 34,000 employees, Geely Automobile Holdings Limited is considered one of the Top 2000 Largest Public Companies in the World, according to Forbes.

*Information from Forbes.com, Wikipedia.org, www.geelyauto.com.hk/englobal.geely.comwww.geely.com and zgh.com.

**Video published on YouTube by “Geely Group“.

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