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 Borui GE 190hp and 300Nm (221 lb.ft) of torque. The "GE" in Borui GE might stand for "grand evolution", "genius efficient" or "Geely elite". As the Geely Borui GE went on sale on May 28, about 2000 units of car was sold in the first hour. Geely Auto had organized a driving activity on May 10, 2018, about three weeks before going on sale. The activity was mainly about the low of fuel consumption of Borui GE. The Beijing-Shanghai journey began on the morning of May 10 and was end at midnight. What highlight is each car in event used only a