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 Latin NCAP crash test on protecting adult occupants in front seats. In 2010, the Geely LC scored 45.3 points of a possible 51 in the China-NCAP crash tests, making it China's first locally researched and developed mini car to be awarded a 5-star rating, and the safest Chinese hatchback as of 2011. In 2011, the Geely Emgrand EC7 earned a 4-star rating in a Euro NCAP crash test. In 2015 the Geely Borui received 5 stars in C-NCAP crash testing. The Geely GE has received criticism for looking like a Rolls-Royce and the LC, a Citroën C1 or a Toyota