Investments
29Portfolio Exits
7Partners & Customers
10About Geely
Geely (00175.HK) is an automobile manufacturer in China. It sells passenger vehicles under the Geely Auto, Lotus, Lynk & Co, PROTON, and Volvo brands and commercial vehicles under the London EV Company and Yuan Cheng Auto brands. Geely has owned the Swedish passenger car maker Volvo Cars since 2010, when it acquired the company from Ford.
Geely Headquarter Location
1760 Jiangling Road Binjiang District
Hangzhou, Zhejiang , 310051,
China
+86-571-28001111
Geely Web Traffic
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Research containing Geely
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CB Insights Intelligence Analysts have mentioned Geely in 1 CB Insights research brief, most recently on Sep 11, 2019.
Latest Geely News
Aug 4, 2022
Pandaily Your browser does not support theaudio element. More than 386,100 vehicles in China were recalled in July, among which there were many popular car models, according to domestic media outlet The Paper . According to available statistics, 10 brands and 14 car companies issued 16 recall notices through China’s State Administration for Market Regulation, involving a total of 42 car models. The total number is significantly higher than the total number of about 230,000 vehicles in May and June. Emgrand GS (Source: Zjqczc.com) In terms of specific brands and models, Geely recalled the largest number of cars, with a total of over 120,000 vehicles, involving the Emgrand GS, Emgrand GL and 2019 Boyue. Among them, the recall number of 2019 Boyue cars produced from December 22, 2019 to June 29, 2021 was as high as 94,087. The reason for the recall was due to their lack of a prompt function reading “the engine compartment cover is not closed.” Geely said that it will install the signal switch and wiring harness of the engine compartment cover for the vehicles involved free of charge, and realize the prompt function on the vehicles’ dashbord to eliminate potential safety hazards. 2022 Boyue (Source: Geely) In July, 112,421 new energy vehicles were recalled, accounting for nearly 30% of the total number. From the increasing number of recalls of new energy vehicles, we can tell that they are still in the relatively early stage of technological development, while on the other hand, their popularity is steadily improving.
Geely Investments
29 Investments
Geely has made 29 investments. Their latest investment was in LININ as part of their Series A - II on June 6, 2022.
Geely Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/22/2022 | Series A - II | LININ | $14.9M | No | 1 | |
5/10/2022 | Corporate Minority | Renault Korea Motors | $207.16M | Yes | 17 | |
3/8/2022 | Private Equity | Kinger Robot | Yes | 1 | ||
1/26/2022 | Series A | |||||
12/20/2021 | Seed |
Date | 6/22/2022 | 5/10/2022 | 3/8/2022 | 1/26/2022 | 12/20/2021 |
---|---|---|---|---|---|
Round | Series A - II | Corporate Minority | Private Equity | Series A | Seed |
Company | LININ | Renault Korea Motors | Kinger Robot | ||
Amount | $14.9M | $207.16M | |||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 17 | 1 |
Geely Portfolio Exits
7 Portfolio Exits
Geely has 7 portfolio exits. Their latest portfolio exit was Jidu Automotive on June 28, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
6/28/2022 | Acquired | 2 | |||
Date | 6/28/2022 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
Geely Acquisitions
11 Acquisitions
Geely acquired 11 companies. Their latest acquisition was Jingneng Microelectronics on June 21, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
6/21/2022 | Corporate Majority | 1 | ||||
6/13/2022 | Other | $943.1M | Corporate Majority | 3 | ||
3/15/2021 | Other | Acquired | 1 | |||
10/7/2019 | ||||||
9/30/2019 | Other |
Date | 6/21/2022 | 6/13/2022 | 3/15/2021 | 10/7/2019 | 9/30/2019 |
---|---|---|---|---|---|
Investment Stage | Other | Other | Other | ||
Companies | |||||
Valuation | |||||
Total Funding | $943.1M | ||||
Note | Corporate Majority | Corporate Majority | Acquired | ||
Sources | 1 | 3 | 1 |
Geely Partners & Customers
10 Partners and customers
Geely has 10 strategic partners and customers. Geely recently partnered with Configit on May 5, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
5/30/2022 | Vendor | Denmark | 1 | ||
5/9/2022 | Partner | France | RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors 10th May 2022 , Hong Kong , China and Boulogne-Billancourt , France -- Renault Group and Geely Automobile Holdings Limited , China 's largest privately-owned automotive group , have entered into a share subscription agreement and a joint venture agreement subsequent to a framework agreement signed in January 2022 between Renault Group and Geely Holding Group . | 1 | |
3/8/2022 | Partner | Sweden | 1 | ||
1/25/2022 | Partner | ||||
1/21/2022 | Partner |
Date | 5/30/2022 | 5/9/2022 | 3/8/2022 | 1/25/2022 | 1/21/2022 |
---|---|---|---|---|---|
Type | Vendor | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Denmark | France | Sweden | ||
News Snippet | RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors 10th May 2022 , Hong Kong , China and Boulogne-Billancourt , France -- Renault Group and Geely Automobile Holdings Limited , China 's largest privately-owned automotive group , have entered into a share subscription agreement and a joint venture agreement subsequent to a framework agreement signed in January 2022 between Renault Group and Geely Holding Group . | ||||
Sources | 1 | 1 | 1 |
Geely Team
2 Team Members
Geely has 2 team members, including current Chief Financial Officer, Jonathan Wen.
Name | Work History | Title | Status |
---|---|---|---|
Jonathan Wen | Chief Financial Officer | Current | |
Ran Zhang | PATEO, and Ford Motor Company | Chief Financial Officer | Former |
Name | Jonathan Wen | Ran Zhang |
---|---|---|
Work History | PATEO, and Ford Motor Company | |
Title | Chief Financial Officer | Chief Financial Officer |
Status | Current | Former |
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