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 6-speed tiptronic transmission or 5-speed automatic transmission which is the same as Geely Yuanjing. The first Generation of Geely Yuanjing went on sale on May 18, 2007 after being adjusted by Magna Steyr. Originally named the Geely FC, the compact sedan was later renamed to Geely Yuanjing (Vision) sedan under the Yuanjing (Vision) product series as opposed to the Geely Emgrand (EC7) sedan of the Geely Emgrand product series (Previously a separate sub-brand of Geely). It set its opposite as Hyundai Elantra, which was being sold better than most models in China. Geely Yuanjing carries the most advanced engine produced