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 sale on the Internet in China via the Taobao Mall, a popular e-commerce site. While Geely would deliver the car to the customer's address, buying one of the Panda models on offer did necessitate a trip to a traditional dealer. Products sold under the Gleagle brand included: Gleagle products include: This brand name was affiliated with Shanghai Maple Automobile, a Geely subsidiary established in 1999. It was replaced by the Englon brand in 2010. Products sold under the Shanghai Maple brand included: Geely sells commercial vehicles under the marque LETV, through its British subsidiary London Electric Vehicle Company currently. Current