Geely Holding Group

Zhejiang Geely Holding Group, known as Geely Holding, is a Chinese multinational automotive conglomerate headquartered in Hangzhou and privately owned by its founder, the entrepreneur Li Shufu. Geely was founded in 1986 as a refrigerator parts company, moved into motorcycles in 1994 and entered the car industry in 1997, which made it the first private automobile company in China; its first car, the Haoqing, rolled off the line in Linhai, Zhejiang, on 8 August 1998, and the holding company itself was founded in 2003. It manufactures and sells vehicles under the Geely, Lynk and Co and Zeekr brands, with subsidiaries and joint ventures that include Volvo Cars, Polestar, Proton, Smart and Lotus, makes motorcycles through companies such as Benelli, and holds a 17 percent stake in Aston Martin. Geely Holding acquired Volvo Cars from the Ford Motor Company in 2010, and in 2025 the group produced 4.1 million vehicles worldwide.