Overview
Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China and was founded in 1997 as a subsidiary of?Zhejiang Geely Holding Group. Geely Auto Group sells vehicles under the Geely Auto brand and holds a 50% stake in the LYNK & CO brand.
Geely at a Glance
Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China and was founded in 1997 as a subsidiary of Zhejiang Geely Holding Group. Geely Auto Group sells vehicles under the Geely Auto brand and holds a 50% stake in the LYNK & CO brand.
The company employs more than 50,000 people, operates 12 vehicle manufacturing plants, 9 powertrain plants, 6 knockdown kit plants, and manufactures vehicles under the Geely Auto brand. Geely vehicles are sold through a network of over 850 dealerships in China and some 350 sales and service outlets in overseas markets. The company, listed on the Hong Kong stock exchange, saw its sales volume increase to 765,000 units in 2016 with 2017 sales goal set at 1.1 million units. In 2017, Geely Auto Group sold?over 1,247,000 units, an increase of 63% from 2016.?The success has prompted Geely Auto Group to set its 2018 sales volume target to 1.58 million units .
World-class Research and Development
The group is committed to world-class research and development in the auto industry. It has established the Geely Automotive Research Institute in Hangzhou, the renowned China Euro Vehicle Technology (CEVT) in Gothenburg, and the world-leading Geely Research Institute in Hangzhou Bay, Ningbo to focus on development of vehicles, engines, transmission and vehicle bound electronics. Other facilities include Design Centres in Barcelona, Gothenburg, California and Shanghai.
Geely’s commitment to innovation and sustainability has led it to invest above the industry average in R&D and initiate green policies. The group’s dedication to innovative research has put it on the forefront of new energy, safety, automotive intelligence, and autonomous drive technologies. In regards to sustainability, Geely sees the switch to new energy vehicles as essential to environmental sustainability and has announced its “Blue Geely Initiative” in which it aims to have 90% of its sales coming from new energy vehicles by 2020.
Manufacturing Facilities
Geely Auto Group has vehicle and powertrain manufacturing facilities all over China in places such as Taizhou, Ningbo, Xiangtan, Chengdu, Baoji, and Jinzhong. The company currently produces Emgrand GL (A-class cars), Emgrand GT (B-class cars), X7 Sport (SUV), Emgrand GS (crossover SUV), Emgrand EV (A-Class EV), X7, GC6 and other vehicles along with a full range of powertrains using gasoline and new energy.