The Group at a Glance
Zhejiang Geely Holding Group (ZGH), is based in the city of Hangzhou in south-east China’s Zhejiang Province. The group was established in 1986 and launched its automotive business in 1997.
ZGH consists of Geely Auto Group, Volvo Cars and Geely Commercial Vehicles (GCV), is an independent automotive group with a globalised production and research capability and businesses across the world.
Zhejiang Geely Holding Group is devoted to becoming one of the top 10 world-leading automobile manufacturers through “creating safe, environmentally-friendly and energy efficient automobiles”. Geely Holding Group shoulders the responsibility for enhancing the integral level of China’s automobile industry, maintaining the corporate culture of entrepreneurship and also highly valuing scientific research and development. Geely Holding Group is committed to vigorously pushing the development of world-renowned automobile brands and providing high-quality products for multiple market segments in order to meet different levels of consumer demands.
The Group has over 60,000 employees, including 30,000 at Geely Auto, 31,000 at Volvo Cars, and 1,000 at the London Taxi Company. With total assets of over RMB100 billion, the company has been a member of the Fortune 500 for three consecutive years.
Geely Auto Group has developed a network of 800 dealerships across China as of September 2016 with over 450 international sales and service points that cover 40 countries. As of the end of 2015, over 4 million Geely Auto branded vehicles are on the roads globally, making Geely Auto a major brand within China.
Geely Auto Group four independent design centers in Shanghai, Gothenburg, Barcelona and California as well as an independent R&D center in Hangzhou, China, where it is capable of independently researching and producing full car parts, engines, transmissions and electrical systems. The group has established CEVT, a joint research and development center between Volvo Cars and Geely Auto to create a globally competitive compact modular architecture
Geely Auto Group operates two independent brands; Geely Auto and LYNK & CO. Geely Auto is aimed at the mass market and LYNK & CO is a globally focused premium brand that is aimed at a new generation of consumers.
Volvo is one of the most well-known and respected car brands in the world with sales in about 100 countries through 2,300 local dealers. Volvo Cars produces premium-segment car models in three versions: Sedans, Estates and Cross Country vehicles. In 2016, Volvo Cars sold a total of 534,332 units, the company’s third consecutive year of record sales. Volvo Cars became part of Zhejiang Geely Holding Group on August 2nd 2010.
Geely Commercial Vehicle (GCV) is a new energy commercial vehicle company that acts as a holding company to two core brands: The London Electric Vehicle Company (LEVC) and Yuan Cheng Auto.
London Electric Vehicle Company (LEVC) boasts over 100 sales and after sales centers in over 40 countries and regions. ZGH invested over 300 million GBP in London Electric Vehicle Company in 2015 to develop an entirely new generation of zero emission capable taxi vehicle and a brand new production facility. This new facility, based in Ansty in Coventry, UK, will begin production of the a new generation of zero emission capable new taxi vehicle in late 2017.
Yuan Cheng Auto is focused on the development of new energy commercial vehicles and has already launched several long range capable truck and bus solutions. The company is focused on the development and commercial realization of range extended and pure electric technologies for commercial vehicle application.
Technology & Innovation
ZGH’s global R&D and production capability maximises synergies between its brands, offering each of them a platform on which to share knowledge and resources.
In February, 2013, Geely Auto & Volvo Cars jointly established an R&D centre in Gothenburg, Sweden – the China Euro Vehicle Technology Center ( CEVT). CEVT’s mission is to develop the next generation of modular architecture and components for leading C-segment cars for both Geely Auto and Volvo Cars.
ZGH has invested hundreds of millions of RMB in establishing universities and colleges across China including the Beijing Geely University, Sanya University, Zhejiang Automotive Technical School, Hunan Geely Automotive Technical etc. The wider group has over 40,000 students enrolled within its schools with the goal of developing Chinese automotive industry talents.