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 BL Its 1.3 L engine is a Toyota Motor Corporation design, produced by Xiali. Production ended in 2006. Geely BL The Geely BL is a coupe automobile from Chinese manufacturer, Geely Automobile. The "BL" name stands for "Beauty Leopard". The car was designed with help from Daewoo and was introduced to production in January, 2003. It is best known outside China for being the first vehicle with an in-car karaoke machine. The car's design seems to copy mostly the Toyota Celica, with the front taking inspiration from the Honda Integra and the rear from the Toyota Supra. The Geely BL is