- Business
- Geely Automobile Holdings Limited is a Cayman Islands-incorporated investment holding company and leading Chinese automobile manufacturer that researches, develops, produces, markets and sells passenger vehicles including sedans, sport utility vehicles, new energy vehicles such as plug-in hybrids and battery electrics, and related components and transmissions; it fully owns the Geely Auto and Geely Galaxy brands offering models like Emgrand, Binrui, Xingrui, Xingyue L, Boyue, Binyue, Icon, Haoyue, Jiaji, Galaxy L6, L7, E5 and E8, partly owns Lynk & Co (49%), Zeekr (62.8%), Radar Auto (Riddara electric pickups), Proton Holdings (jointly with DRB-HICOM in Malaysia), London Electric Vehicle Company (LEVC electric taxis and vans) and Genius Auto Finance; operations span mainland China with 10 plants totaling 2.11 million annual capacity, exports to Europe, Middle East, Latin America, Africa, Asia Pacific and other regions including Malaysia, Sweden, Netherlands and Brazil; founded in 1997 as China's first private carmaker by Li Shufu with roots to 1986, the company is headquartered in Hong Kong, listed on the Hong Kong Stock Exchange (ticker 0175.HK; also GRU.VI), and remains the largest subsidiary of Zhejiang Geely Holding Group which controls about 76% via direct and indirect stakes. In recent developments, Geely Auto sold its 45% stake in Livan Automotive to a Zhejiang Geely Holding affiliate in February 2024, completed a major restructuring in November 2024 integrating Radar Auto and LEVC while transferring additional Zeekr shares and adjusting Lynk & Co ownership with Zeekr taking 51%, listed Zeekr on NYSE in May 2024 retaining majority control, signed a July 2025 merger agreement to fully acquire remaining Zeekr shares as a wholly-owned subsidiary, and strengthened global ties through a November 2025 partnership completion with Renault Group in Brazil for shared manufacturing in São José dos Pinhais, vehicle distribution via Renault do Brasil networks, and low-emission product launches leveraging prior Horse Powertrain and Renault Korea collaborations; these moves supported record 2024 output of 2.17 million vehicles including 888,000 new energy units amid accelerated electrification and expansion plans targeting 10 new energy models.