Volvo Cars investing HK$2.59 billion (334 million USD) in the holding company. Ford Motor Company offered Volvo Cars for sale in December 2008, after suffering losses that year. On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was Zhejiang Geely Holding Group, the parent of Chinese motor manufacturer Geely Automobile. On 23 December 2009, Ford confirmed the terms of the sale to Geely had been settled. A definitive agreement was signed on 28 March 2010, for $1.8 billion. The European Commission and China's Ministry of Commerce approved the deal on 6 and 29 July
Geely Borui GE it was the first shown of Geely Borui GE. In 2018 Beijing Auto Show, which was a month and a half after the event in Suzhou, the Borui GE was taking an important place in the booths. The Geely Borui GE multimedia system provides touchable screen and is able to activate and control all systems in the car. The main screen takes some ideas from cell phone. In plug in models, there's also a key which infers users the electric vehicle settings. Borui GE carries a full LED light system, which can be inferred from the word "GEELY FULL-LED TECHNOLOGY"