Geely an important step for the Chinese carmaker in their quest to make inroads into the lucrative ASEAN region. In July 2017 the company purchased Terrafugia, an American maker of flying cars. In November 2017, Geely announced completion of the Terrafugia acquisition, including approval from all relevant regulators. In December 2017, Geely invested € 3.25 billion into Swedish truck and construction company Volvo Group, a former parent company of Volvo Cars. The deal has made the company the biggest shareholder with 8.2 % of stake and 15.6 % of voting rights. Furthering its expansion and reach, Geely purchased a 9.7% stake
Zhejiang Radio and Television Group Zhejiang Radio and Television Group Zhejiang Radio and Television Group (ZRTG) (), is China's fourth-biggest television network after China Central Television (CCTV), Hunan Broadcasting System (HBS), and Jiangsu Broadcasting Corporation (JSBC). The television network is owned by the Zhejiang provincial government. The network is based in Hangzhou in Zhejiang. Before the establishment of Zhejiang Radio and Television Group the local television stations first aired in Hangzhou and northern Zhejiang in the 1960s. ZRTG was established in 8 November 2001 to compete with other major Television networks and expanded its network through nationwide satellite television on 1994. ZRTG have broadcast notable