Whilst Geely cars may be a new sight on Australian roads, Geely was founded in 1986 and commenced automobile manufacturing in 2002 as a private company, subsequently listing on the Hong Kong Stock Exchange in 2004. Geely has made substantial investments in expanding its research and development expertise and now boasts over 3,200 patents.
Geely Holding Company is one of China’s top 10 automotive manufacturers and recognized as one of the ‘Most innovative Enterprises in China’. Geely’s assets exceed RMB 100 billion, making it one of China’s top 500 companies for the past nine years.
Geely is new to the Australian car market but has already started to stir up the competition with the new Geely MK, which takes its place as one of the most competitively priced cars of its type currently in the market. With more exciting new models on their way and Geely dealerships popping up Australia wide, Geely is a car brand that’s worth watching out for!
- In 2011 Geely sold in excess of 432,000 vehicles and in 2012 sold 460,000 units; an increase of 6% year on year with over 100,000 units exported.
- Geely has a current production capacity of 680,000 units to cater for export growth.
- In 2010 Geely took over the global brand Volvo and has announced its intention to begin sales in both the United Kingdom and Italy.
- In 2009 Geely acquired Drive train Systems International – global transmission developers headquarter in Australia.
- Geely has four production plants located in China with plans for two new Volvo production plants, in addition to the four overseas factories that assemble Geely models.
- Through investments in research and development, Geely has quadrupled their patents since 2007, boasting in excess of 3,200.