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 MK Geely MK Geely MK is a subcompact sedan and hatchback produced by Chinese auto maker Geely. Price ranges from 45.900 yuan to 62.900 yuan. Several versions were done and branded differently among Geely's former sub-brands. The last facelift was conducted in late 2015 changing the front and rear views and clarifying the updated model name and branding simply as the Geely Jingang under the Geely brand. The Geely Englon SC6-RV debuted as a concept at the 2010 Beijing Auto Show and started production in 2012. The Englon SC6-RV is based on the Geely Golden Eagle Cross, which are both crossover