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
China Water Industry Group water business presence. Jinan Hongquan Water Production Co., Ltd was acquired by China Water Industry Group through the acquisition of Blue Mountain Hong Kong Group Limited on January 18, 2008. On August 12, 2008, China Water Industry Group acquired Plenty One Limited. On November 13, 2008, China Water Industry Group acquired a 51% interest in an existing 49% held associate, Danzhou Water Pipe. On March 27, 2009 Jining City Haiyuan Water Treatment Company Limited, an indirect subsidiary of China Water Industry Group, disposed all its asset and liabilities. China Water Industry Group China Water Industry Group Limited () () is