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
London EV Company London EV Company London EV Company Limited (LEVC, formerly The London Taxi Corporation Limited trading as The London Taxi Company) is an automotive engineering company with its headquarters near Coventry, United Kingdom, and a wholly owned subsidiary of Chinese automaker Geely. The company is famous for its London black taxicabs. Geely's involvement in British taxicab production dated to 2006 when it partnered with LEVC's predecessor The London Taxi Company, and its parent Manganese Bronze Holdings, in the creation of a China-based taxicab manufacturing joint venture. In 2009 Geely bought shares in Manganese Bronze Holdings. In 2012 Manganese Bronze Holdings entered