Geely A subsidiary of the group, Geely Auto, had its IPO on the Stock Exchange of Hong Kong in 2004. The company had a booth at the 2005 Frankfurt Motor Show, and a 2006 showing at the Detroit auto show. Geely approached Ford in mid-2008 about a possible takeover of Volvo Cars. On October 28, 2009, it was named as the preferred buyer of Volvo by the American automaker. A deal was reached in late March and completed in early August, 2010. In 2010, total sales of over 415,000 units gave the company a near 2% market share. Sales were lower
China Formula Grand Prix China Formula Grand Prix China Formula Grand Prix (CFGP) (), formerly known as Asian Geely Formula International Open Competition, is an open wheel formula racing class in China. The car, co-designed by Geely, China's biggest private-owned vehicle producer and racing cars production company Van Diemen, marks the first time that a Chinese domestic car producer is involved in the racing car design. CFGP uses a 1.8-litre 4G18 engine; the car weighs 490 kg and has a maximum speed of 240 km/h. The engine can produce 140 bhp at 6,300 rpm and 172 N/m of torque at 4,100 rpm. After an