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 Yuanjing X1 and the "Emgrand" Family. The three families accelerate Geely's motto of "Young" and "Comprehensive". Former Geely Vision X1 was called Emgrand V01 and was published in early 2017. The Geely Yuanjing X1 was launched on the Chinese car market in May 2017. Price ranges from 39,900 yuan to 57,900 yuan. The Yuanjing X1 is based on the Geely Panda sold from 2009 to 2017. The Vision X1 carries on Geely GX2's supermini CUV car style to ingratiate the post-90s generation. The interior is more fancy. The idea of the dashboard came from surf boards. The 11.6 inches touchscreen carries Geely's