Geely joins the Fortune 500 list for the third year running Strong income growth helped the company move up 11 places in 2014 Zhejiang Geely Holding Group now ranked at 466th position 25 July 2014, Hangzhou, China. Zhejiang Geely Holding Group (herein after referred to as Geely) is pleased to announce that the company has…
President Xi Jinping of the People’s Republic of China and First Lady Madame Peng Liyuan, joined by King Philippe and Queen Mathilde of Belgium, visited the Volvo Car Group (Volvo Cars) facilities in Ghent, Belgium today. Attending the President’s and the King and Queen’s visit were, among others, Håkan Samuelsson, President & CEO of Volvo…
Volvo enters new stage in its comprehensive premium segment strategy 26 September 2013, Harbin, China. The founding of Daqing Volvo Car Manufacturing Co, Ltd. (Volvo Cars’ joint venture in China) was today officially announced. The move marks the beginning of a period of rapid development in the localization of Volvo Cars’ production in China, as well…
New Modular Architecture to be developed for both Volvo Cars and Geely Auto to lead into the future 13 September, 2013, Gothenburg, Sweden. Geely Group is excited to announce that the joint R&D Centre of Geely Auto and Volvo Cars in Gothenburg starts soft operation following the decision made in February this year. The Centre will…
11 July 2013, Hangzhou. Zhejiang Geely Holding Group is proud to announce today that the Hangzhou based company has once again made it to the Fortune 500 list. With revenue reaching 24.6 billion US Dollars in 2013, Zhejiang Geely Holding Group is ranked 477th in the Top 500.This is the second year that Geely Holding…
20 April 2013, Ya’an, China. In the early morning of April 20th 2013, Ya’an city in Sichuan province was struck by a 7.0-magnitude earthquake, which caused heavy loss of life and damage to property. In order to help the local people in the disaster area overcome difficulties and restore their life to normality, Geely Group…
1 February 2013, Hangzhou, China/Gothenburg, Sweden. Geely Holding, majority owner of Volvo Car Corporation (Volvo Cars) and Geely Auto, will establish a Research and Development Centre in Gothenburg, Sweden. The Centre will develop a new modular architecture and set of components for future C-segment cars, addressing the needs of both Volvo Cars and Geely. The…
09 July 2012, Hangzhou, China. On July 9, the Fortune Global 500 of 2012 was released. Zhejiang Geely Holding Group, with revenue of USD 23.3557 billion earned in 2011, is included in the list and ranks the position of 475. The first three names of this year’s Fortune 500 camp are respectively Royal Dutch Shell,…
9 March 2012, Hangzhou, China/ Gothenburg, Sweden. On March 9, 2012, Geely Holding Group and Volvo Cars signed a technology transfer deal, allowing Geely, the Chinese carmaker to enrich its product portfolio and boost its competitiveness. In the Signing Ceremony, Mr. AN Conghui, CEO and President of Geely Holding Group and Stefan Jacoby, CEO and…
28 March 2018 Hangzhou, China / Gothenburg, Sweden. Zhejiang Geely Holding Group Co., Ltd. (“Zhejiang Geely Holding Group”), one of the fastest-growing car manufacturers in China, today announced it has signed a definitive stock purchase agreement with Ford Motor Company to acquire 100 per cent of Volvo Car Corporation (“Volvo Cars”) and related assets (primarily intellectual property).…
