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 S1 Geely Yuanjing S1 The Geely Yuanjing S1 is a compact CUV produced by Geely under the Emgrand product line, positioning the Yuanjing S1 just above the Geely Yuanjing X3 subcompact crossover. The Geely Yuanjing S1 is essentially a heavily facelifted Emgrand EC7-RV hatchback. Originally the launch vehicle for Emgrand (), the medium to high-end luxury brand of Geely that was launched in July 2009, the product was repositioned after the facelift. After the discontinuation of the "Emgrand" brand, the Emgrand name became a series of product under the Geely brand, and the Emgrand logo became Geely's new logo. The predecessing