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Geely transferred its 11.3% stake in Zeekr Intelligent Technology (Zeekr) to Geely Automobile Holdings (Geely Auto), increasing Geely Auto's ownership in Zeekr to 62.8%. [ 48 ] [ 49 ] Zeekr then acquired a 20% stake in Lynk & Co from Geely Auto for 3.6 billion yuan and an additional 30% from Volvo Cars for 5.4 billion yuan, securing a 51% ...
Volvo Group (6.8% stake) In 2017, Geely acquired an 8.2% stake of Volvo AB, which is also about 15% of votes. [132] [133] In January 2024, Geely announced to reduce its holdings in Volvo Group by 685 million USD. The stake has been lowered from 8.2% to 6.8%. Despite the reduction, Geely remains the second-largest shareholder in Volvo Group. [134]
Geely Holding Group transferred its 11.3% stake in Zeekr Intelligent Technology (Zeekr) to Geely Automobile Holdings (Geely Auto). As a result, Geely Auto's shareholding in Zeekr increased to 62.8%. [ 23 ] [ 24 ] Zeekr subsequently announced its acquisition of a 20% stake in Lynk & Co from Geely Auto for 3.6 billion yuan, along with Volvo Cars ...
Volvo released its first fully electric car Polestar 2 based on the CMA platform in 2019. [16] Vehicles using platform (calendar years): Geely Boyue L (FX11) (2022–present) Geely Galaxy L6 (2023-present) Geely Galaxy L7 (FX12) (2023-present) Geely Xingyue S/Tugella (FY11) (2019–present) Geely Xingrui (FS11) (2020–present)
The following is a list of vehicles under the Geely Auto Group business unit within the holding company Zhejiang Geely Holding. The list does not include vehicles from other brands owned by Zhejiang Geely Holding such as Volvo Cars , Polestar , Smart , Lotus , Livan Automotive , Maple , London EV Company and Farizon .
The B-segment Modular Architecture (BMA) is a global compact unibody automobile platform developed by Geely Auto.The architecture can be used to develop cars with a wheelbase between 2,550–2,700 mm (100.4–106.3 in) and with wheel track wheels ranging from 1,500–1,600 mm (59.1–63.0 in). [1]
In February 2020, Volvo and Geely announced that they had started formal discussions about a merger of business. Geely had owned 100% of Volvo, but Volvo Cars had largely been allowed autonomy with its resources. [47] These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October ...
The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial ...