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 MR 303 (official model code was MR 7130 X3) and is only built with the smaller engine. Production for the Uliou ended in 2005 with approximately 15,000 units. Geely MR The Geely Merrie is a subcompact car produced by chinese automaker Geely Automobile from 2003 to 2009. The MR is produced in five-door hatchback (Merrie / 美日) and four-door sedan (Uliou / 优利欧) body styles. The MR is based on the Daihatsu Charade platform, which Geely licensed from Xiali. Its base underpinnings are also shared with the HQ/Haoqing and Rural/Urban Nanny. The MR was shown at the 2005 Frankfurt Motor Show