Because the Geely Group approaches its thirty fifth birthday, it’s now a world group of automotive corporations that has generated US$47.191 billion (RM200.1 billion) in revenue final yr.
In 2020, manufacturers beneath the Geely automotive group offered greater than 1.32 million items, and has come a good distance from founder and chairman Eric Li Shufu’s early years of sourcing and promoting fridge parts, itself having arisen from the seek for chemical compounds for growing movie for his prior pictures enterprise.
From fridge elements, Li went on to manufacturing fridges, which noticed sufficent success for Li to maneuver on to constructing mopeds, and having seen success there too, Li seemed to 4 wheels, thus kicking off Geely’s automotive manufacturing chapter.
The video touches upon the method Li and the corporate had gone by in pursuit of constructing their very own automobiles, the challenges confronted in being taken severely by the automotive trade at giant, and the eventual acquisition of Volvo in addition to the following births of the group’s new automotive manufacturers.
The acquisition of Volvo by Geely has been considered one of the most successful in decades, and has not simply change into established in auto manufacturing, however has ventured into space as well.
In fact, Geely may be very a lot current proper right here in Malaysia, having acquired a 49.9% stake in Proton in 2017, a partnership by which the nationwide automotive model has launched the SUV duo, the X70 and X50 since. Watch the video of the Geely journey beneath.
