Taizhou, Zhejiang 4th most populous, and the 4th largest industrial prefecture-level city in Zhejiang Province . Chinese automotive manufacturing company Geely was founded in Taizhou which completes its acquisition of Volvo Cars in 2010, is one of China’s top ten auto manufacturers. Chinese auto parts manufacturer based Yuanhuan was one of China auto parts manufacturer based,here can produce all auto parts for vehicles. The largest HVAC fan company Yilida is also located in Taizhou. It is listed on Shenzhen Stock Exchange (Stock #002686) and has acquired Fulihua fan company in Suzhou in 2012. Taizhou is also one of the most important Mandarin,
Geely () (, ), a subsidiary of Geely, is listed on the Hong Kong Stock Exchange. On 13 February 2017, it became a constituent of the Hang Seng Index. Geely () means "auspicious" or "lucky" in Mandarin Chinese. Founding Geely in 1986 as a refrigerator maker with money borrowed from family, Li Shufu transformed the company into a success selling inexpensive products to Chinese consumers. After the purchase of a failing, state-run firm, Geely manufactured motorcycles in the mid-1990s. Small van production began in 1998, and a year later, it received state approval to manufacture automobiles. Car production began in 2002.