Geely Automobile Holdings
Chinese multinational automotive group and one of the world's largest automakers, owning Geely Auto, Volvo Cars, Polestar, Lynk & Co, Zeekr, Lotus, and Proton, with 2025 group production of 4.1 million vehicles.
Company Type
public
Founded
1986
Headquarters
Hangzhou, Zhejiang, China
Stock
Hong Kong Stock Exchange: 175
About Geely Automobile Holdings
What does Geely own?
Geely Automobile Holdings owns the Geely Auto, Lynk & Co, and Zeekr brands directly. The broader Zhejiang Geely Holding Group, which controls Geely Automobile Holdings, also owns a majority stake in Volvo Cars, a significant stake in Polestar, 51% of Lotus Cars, and 49.9% of Proton. The group produced 4.1 million vehicles globally in 2025, including 2.3 million plug-in electric vehicles.
Geely Automobile Holdings owns the Geely Auto, Lynk & Co, and Zeekr brands directly. The broader Zhejiang Geely Holding Group, which controls Geely Automobile Holdings, also owns a majority stake in Volvo Cars, a significant stake in Polestar, 51% of Lotus Cars, and 49.9% of Proton. The group produced 4.1 million vehicles globally in 2025, including 2.3 million plug-in electric vehicles.
Is Geely publicly traded?
Geely Automobile Holdings is listed on the Hong Kong Stock Exchange under ticker 0175. The broader Zhejiang Geely Holding Group, which is the ultimate parent company, is privately held by Li Shufu and his family. Several of Geely's subsidiary brands are separately listed: Volvo Cars on Nasdaq Stockholm, Polestar on NASDAQ, and Zeekr on the New York Stock Exchange.
Geely Automobile Holdings is listed on the Hong Kong Stock Exchange under ticker 0175. The broader Zhejiang Geely Holding Group, which is the ultimate parent company, is privately held by Li Shufu and his family. Several of Geely's subsidiary brands are separately listed: Volvo Cars on Nasdaq Stockholm, Polestar on NASDAQ, and Zeekr on the New York Stock Exchange.
Who founded Geely?
Geely was founded by Li Shufu in 1986 in Taizhou, Zhejiang Province, China. Li Shufu initially founded the company as a manufacturer of refrigerator components before expanding into motorcycles and then automobiles. He received government approval to manufacture automobiles in 1997, making Geely one of the first private Chinese companies to receive such approval. Li Shufu continues to serve as chairman of Zhejiang Geely Holding Group.
Geely was founded by Li Shufu in 1986 in Taizhou, Zhejiang Province, China. Li Shufu initially founded the company as a manufacturer of refrigerator components before expanding into motorcycles and then automobiles. He received government approval to manufacture automobiles in 1997, making Geely one of the first private Chinese companies to receive such approval. Li Shufu continues to serve as chairman of Zhejiang Geely Holding Group.
Where is Geely headquartered?
Geely Automobile Holdings is headquartered in Hangzhou, Zhejiang Province, China. The broader Zhejiang Geely Holding Group is also headquartered in Hangzhou. The group operates manufacturing facilities in China, Sweden (Volvo Cars), the United Kingdom (Lotus), Malaysia (Proton), and Belgium (Volvo Cars).
Geely Automobile Holdings is headquartered in Hangzhou, Zhejiang Province, China. The broader Zhejiang Geely Holding Group is also headquartered in Hangzhou. The group operates manufacturing facilities in China, Sweden (Volvo Cars), the United Kingdom (Lotus), Malaysia (Proton), and Belgium (Volvo Cars).
How many brands does Geely own?
The Zhejiang Geely Holding Group owns seven primary automotive brands: Geely Auto (including the Geely Galaxy electrified sub-brand), Lynk & Co, Zeekr, Volvo Cars, Polestar, Lotus, and Proton. The group also has interests in other mobility businesses. Geely Automobile Holdings, the listed entity, directly operates Geely Auto, Lynk & Co, and Zeekr.
The Zhejiang Geely Holding Group owns seven primary automotive brands: Geely Auto (including the Geely Galaxy electrified sub-brand), Lynk & Co, Zeekr, Volvo Cars, Polestar, Lotus, and Proton. The group also has interests in other mobility businesses. Geely Automobile Holdings, the listed entity, directly operates Geely Auto, Lynk & Co, and Zeekr.
Who owns Geely?
Geely Automobile Holdings is publicly listed on the Hong Kong Stock Exchange, but the controlling shareholder is Zhejiang Geely Holding Group, which is privately held by Li Shufu and his family. Li Shufu's control of the privately held parent company gives him effective authority over the broader Geely group, including its various listed subsidiaries. Public shareholders in Geely Automobile Holdings own a minority economic interest in the listed entity.
Geely Automobile Holdings is publicly listed on the Hong Kong Stock Exchange, but the controlling shareholder is Zhejiang Geely Holding Group, which is privately held by Li Shufu and his family. Li Shufu's control of the privately held parent company gives him effective authority over the broader Geely group, including its various listed subsidiaries. Public shareholders in Geely Automobile Holdings own a minority economic interest in the listed entity.
History of Geely Automobile Holdings
Li Shufu founded Geely in 1986 in Taizhou, Zhejiang Province, China, initially as a manufacturer of refrigerator components. The company subsequently expanded into motorcycle manufacturing and then into automobile manufacturing in the late 1990s.
Geely received approval from the Chinese government to manufacture automobiles in 1997, making it one of the first private Chinese companies to receive such approval. The company launched its first car in 1998, a basic sedan priced at the low end of the Chinese market. Geely's early vehicles were known for their low prices rather than quality or technology, targeting consumers in lower-tier Chinese cities.
Geely listed on the Hong Kong Stock Exchange in 2005, providing capital for expansion and giving international investors access to the company. The listing was an important milestone in Geely's development as a credible automotive company.
In 2010, Geely completed the acquisition of Volvo Cars from Ford Motor Company for approximately 1.8 billion US dollars. The acquisition was widely viewed as a bold and risky move, as Geely was a relatively small Chinese automaker acquiring a globally recognized Swedish luxury brand. Li Shufu promised to maintain Volvo's Swedish identity, engineering culture, and manufacturing presence, and to use Geely's access to the Chinese market to grow Volvo's sales.
The Volvo acquisition proved transformative. Volvo's sales grew significantly under Geely's ownership, driven by strong demand in China and continued performance in Europe and North America. Volvo also became a technology partner for Geely's other brands, sharing platforms and powertrains that elevated the quality of Geely's Chinese-market vehicles.
In 2017, Geely and Volvo jointly launched Lynk & Co, a new automotive brand targeting younger, urban consumers with a connected car concept and a subscription-based ownership model. Lynk & Co vehicles are built on the same platform as Volvo models and are sold primarily in China and Europe.
In 2017, Geely acquired a 49.9% stake in Proton, the Malaysian national automaker, and a 51% stake in Lotus Cars, the British sports car manufacturer. The Proton acquisition gave Geely a foothold in Southeast Asia, while the Lotus acquisition provided access to a prestigious British sports car brand.
In 2021, Geely launched Zeekr, a premium electric vehicle brand targeting the Chinese market. Zeekr was subsequently listed on the New York Stock Exchange in 2024, providing a separate public market valuation for the brand.
In 2022, Polestar, the electric vehicle brand jointly owned by Geely and Volvo Cars, listed on NASDAQ through a merger with a special purpose acquisition company. Polestar reported revenue growth of 56% in the first half of 2025.
In 2025, the group produced 4.1 million vehicles globally, including 2.3 million plug-in electric vehicles, demonstrating the scale of Geely's electrification investment.
Brands Owned by Geely Automobile Holdings
Geely Automobile Holdings owns 2 brands in our database.
Lotus
Owned by Geely Automobile Holdings
British sports car manufacturer owned by Geely, specializing in lightweight, high-performance vehicles.
sports-carsautomotivebritish-brand
Polestar
Owned by Geely Automobile Holdings
Swedish electric performance EV brand listed on NASDAQ (PSNY), majority-controlled by Geely Holdings with Volvo Cars as a significant shareholder.
electric-vehiclesperformance-vehiclesev
Shop Geely Automobile Holdings Brands
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Stock Information
Geely Automobile Holdings Ownership: Pros & Cons
Advantages
- +Diversified portfolio of brands spanning mass-market to premium across multiple geographies
- +Volvo Cars acquisition provided access to world-class engineering and technology
- +Significant scale in electric vehicle production with 2.3 million plug-in vehicles in 2025
- +Li Shufu's entrepreneurial vision has driven transformative acquisitions and growth
- +Exposure to Southeast Asian markets through Proton and Malaysian manufacturing
Considerations
- -Complex corporate structure with multiple listed entities creates governance complexity
- -Polestar's financial challenges require ongoing capital support from the group
- -Competition from BYD and other Chinese EV manufacturers intensifies in the domestic market
- -Volvo Cars' separate listing means Geely Automobile Holdings shareholders do not directly own Volvo
- -Currency and geopolitical risk from international operations and acquisitions
Frequently Asked Questions About Geely Automobile Holdings
What does Geely own?
Geely Automobile Holdings owns the Geely Auto, Lynk & Co, and Zeekr brands directly. The broader Zhejiang Geely Holding Group, which controls Geely Automobile Holdings, also owns a majority stake in Volvo Cars, a significant stake in Polestar, 51% of Lotus Cars, and 49.9% of Proton. The group produced 4.1 million vehicles globally in 2025, including 2.3 million plug-in electric vehicles.
Is Geely publicly traded?
Geely Automobile Holdings is listed on the Hong Kong Stock Exchange under ticker 0175. The broader Zhejiang Geely Holding Group, which is the ultimate parent company, is privately held by Li Shufu and his family. Several of Geely's subsidiary brands are separately listed: Volvo Cars on Nasdaq Stockholm, Polestar on NASDAQ, and Zeekr on the New York Stock Exchange.
Who founded Geely?
Geely was founded by Li Shufu in 1986 in Taizhou, Zhejiang Province, China. Li Shufu initially founded the company as a manufacturer of refrigerator components before expanding into motorcycles and then automobiles. He received government approval to manufacture automobiles in 1997, making Geely one of the first private Chinese companies to receive such approval. Li Shufu continues to serve as chairman of Zhejiang Geely Holding Group.
Where is Geely headquartered?
Geely Automobile Holdings is headquartered in Hangzhou, Zhejiang Province, China. The broader Zhejiang Geely Holding Group is also headquartered in Hangzhou. The group operates manufacturing facilities in China, Sweden (Volvo Cars), the United Kingdom (Lotus), Malaysia (Proton), and Belgium (Volvo Cars).
How many brands does Geely own?
The Zhejiang Geely Holding Group owns seven primary automotive brands: Geely Auto (including the Geely Galaxy electrified sub-brand), Lynk & Co, Zeekr, Volvo Cars, Polestar, Lotus, and Proton. The group also has interests in other mobility businesses. Geely Automobile Holdings, the listed entity, directly operates Geely Auto, Lynk & Co, and Zeekr.
Who owns Geely?
Geely Automobile Holdings is publicly listed on the Hong Kong Stock Exchange, but the controlling shareholder is Zhejiang Geely Holding Group, which is privately held by Li Shufu and his family. Li Shufu's control of the privately held parent company gives him effective authority over the broader Geely group, including its various listed subsidiaries. Public shareholders in Geely Automobile Holdings own a minority economic interest in the listed entity.
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