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
Emgrand EC7 garages that used to sell Škodas before the company was owned by Volkswagen, and the type of establishment that once might have sold Rovers." Emgrand EC7 The Emgrand EC7 is a compact car produced by the Emgrand, division of the Chinese automaker Geely. After the discontinuation of the "Emgrand" brand, the EC7 was simply marketed as the Geely Emgrand or Geely New Emgrand in China. The EC7 was the launch vehicle for Emgrand (), the medium to high-end luxury brand of Geely that was launched in July 2009. The car was developed from the outset as an export model. Geely