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 CK Geely CK The Geely CK is a 4-door, 5-seater subcompact sedan produced by the Chinese manufacturer Geely from May 2005 to January 2016. The CK's Chinese name, "Ziyoujian", stands for "Freedom Ship" or "Free Cruiser". It was sold as the Geely Otaka on the Russian market in 2007-2008. Nowadays the car is sold as the Gleagle CK in the Chinese domestic market, part of Geely's recent proliferation of brands The CK holds the distinction of being the first Chinese automobile ever displayed at an American auto show, although it was only shown to the press and not the general public.