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
Geely Yuanjing Geely Yuanjing The Geely Yuanjing sedan is a compact sedan produced by Chinese automaker Geely under the Yuanjing or Vision product series. It is the first commercial car produced by Geely Automobiles. The car was first introduced in 2006. It carries the first CVVT engine designed and made in China. The car was named Geely Tiger, Biaowang and Luhu, but it later renamed "Vision" (远景,Yuǎn jǐng). Geely Yuanjing went on sale on May 18, 2007 after being adjusted by Magna Steyr. Geely Haijing (Englon Haijing) was based on SMA Haijing, which designed similar to first generation Geely Yuanjing. It carries