Geely
Chinese automotive manufacturer / From Wikipedia, the free encyclopedia
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Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding (/ˈdʒiːli/ ; Chinese: 吉利控股; pinyin: Jílì Kònggǔ), is a Chinese multinational conglomerate headquartered in Hangzhou, Zhejiang. The company is privately owned by Chinese entrepreneur Li Shufu, and mainly engaged in the automotive industry.
Company type | Private | ||||||
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Industry | Automotive | ||||||
Founded | 6 November 1986; 37 years ago (1986-11-06)[1] in Taizhou, Zhejiang, China | ||||||
Founder | Li Shufu | ||||||
Headquarters | Binjiang District, Hangzhou, Zhejiang, China | ||||||
Area served | Worldwide | ||||||
Key people |
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Products | Automobiles, motorcycles, engines, transmissions | ||||||
Production output | 2.79 million vehicles (2023)[2] | ||||||
Revenue | US$60.40 billion (2022)[3] | ||||||
US$945 million (2022)[3] | |||||||
Total assets | US$81.29 billion (2022)[3] | ||||||
Total equity | US$13.01 billion (2022)[3] | ||||||
Owner | Li Shufu | ||||||
Number of employees | 131,517 (2022)[3] | ||||||
Subsidiaries | List
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Chinese name | |||||||
Simplified Chinese | 浙江吉利控股集团有限公司 | ||||||
Traditional Chinese | 浙江吉利控股集團有限公司 | ||||||
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Website | zgh | ||||||
Footnotes / references in consolidated financial statement; shareholders' equity figure excluded perpetual bond[11] |
Geely was founded 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. As of 2023[update], the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies.[3]
The company manufactures and sells vehicles under the brands of Geely and Lynk & Co, which are part of the Geely Auto Group business unit, along with its subsidiaries and joint ventures, such as Zeekr, Volvo Cars, Polestar, Proton, Smart and Lotus, as well as commercial vehicles under the London EV Company, Radar Auto and Farizon brands. It also produces motorcycles under its subsidiaries Zhejiang Geely Ming Industrial (Jiming and Geely), Qianjiang Motorcycle (QJMotor and Keeway), and Benelli. It also holds a 17% stake in Aston Martin.[12][13]
In 2023, the group produced a total of 2.79 million vehicles globally. 980,000 units were plug-in electric vehicles.[2]