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 X1 Geely Yuanjing X1 The Geely Yuanjing X1 is a mini CUV produced by Chinese manufacturer Geely slotting below the Geely Yuanjing X3. As Crossovers and SUV are being more favored by Chinese people , most Chinese car manufacturers appeared their SUV projects on the market. Geely, relying its rich experience in car manufacturing, released 7 new crossover and SUV--Vision SUV, Vision X1, Vision X3, Boyue, Vision S1, Emgrand GS and Emgrand GSe. Vision X1 is a product which divided Geely's market into more meticulous parts. At the same time, X1 made a complete "Vision" Family coexist with the "Bo" family