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 LC the Toyota Aygo, instead. Geely outsourced the design of the LC's exterior to another Chinese firm, CH-Auto. Engine specifications – 1.3L While the car is sold in overseas markets, its name and the brand name it is sold under may change. The LC was only sells in Brunei since 2013 (1 year sold), only with 5-speed manual transmission and 4 colours available. The LC is sold in Indonesia as a Geely Panda. The LC is sold in New Zealand as a Geely LC Hatch. A local company, Micro Cars, offers the LC in Sri Lanka. It is domestically assembled from