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 by Chinese manufacturers at the time, providing ABS and EBD systems for all models. Geely Haijing, which was developed from SMA Haijing, is one of the flagship commercial automobile produced by Chinese car manufacturer Geely. It was introduced in 2009 by Shanghai Maple Motors, later renamed Englon SC7 or Englon Haijing. The Haijing equipped 2 front parking sensors and 4 rear parking sensors. The high match models are powered with 1.8T engine with 6-speed automatic transmission produced by Australian gearbox manufacturer Drivetrain Systems International. The Geely Yuanjing sedan went through a few facelifts with code names FC, FC2, and the