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
Automotive industry in China traditional "Big Four" domestic car manufacturers are SAIC Motor, Dongfeng, FAW and Chang’an. Other Chinese car manufacturers are Geely, Beijing Automotive Group, Brilliance Automotive, Guangzhou Automobile Group, Great Wall, BYD, Chery and Jianghuai (JAC). As of late 2018, several multinational manufacturers have partnerships with domestic manufacturers to make cars in China. Some are long-standing, such as the 30 years for Audi and FAW; granted, this alliance was not manufacturing cars in China until more recently. The main industry group for the Chinese automotive industry is the China Association of Automobile Manufacturers (中国汽车工业协会). China has its traditional “Big four” state-owned domestic