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
Geely LC facelifted version of the car known as the Geely Yuanjing X1. As of 22 December 2010, popular Chinese e-commerce retailer Taobao Mall sells the LC online although buyers must put down a 288 yuan deposit and visit a local dealership for a test drive prior to purchase. The LCs on offer are not delivered to your door and may differ from those available through more-traditional retail channels. First day online sales totalled near 500. The LC's styling has been recognized for its exceptional exterior, which manufacturer Geely says is "bionic" and resembles a panda but that some criticize for resembling