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 hatchback versions of the Geely MK which was also known as the Geely Jinying. Based on the Geely MK sedan, the Geely Englon SC6 originally revealed as a concept in 2011. The production version debuted at the Beijing Auto Show in April 2012. Three engines were available including a 1.3L, a 1.5L and a 1.8L mated to a six-speed tiptronic gearbox. Price ranges from 53.800 yuan to 60.800 yuan. 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