Company overview
Zhejiang Geely Holding Group Co., Ltd. (ZGH) was founded in 1986 as a refrigerator parts manufacturer and transitioned to motorcycle production in 1994. In 1997, it began automotive manufacturing and became China’s first private automobile company. ZGH was established as a holding company in 2003, largely owned by Li Shufu. The group acquired Volvo Cars from Ford Motor Company in 2010 and Manganese Bronze Holdings in 2013. In 2017, ZGH acquired Lotus Cars and established Lynk & Co as a new brand. As of 2023, ZGH ranked 225th on the Fortune Global 500 list. The company’s operations encompass a wide range of brands, including Geely Auto, Lynk & Co, Zeekr, Volvo Cars, Polestar, Proton, and commercial vehicles. It also holds a stake in Aston Martin and owns half of Horse Powertrain, a joint venture with Renault. In 2024, ZGH announced plans to further reduce its stake in Polestar and establish a joint venture with Renault for electric vehicle production in Brazil.
