Assets
Geely International Corporation is a Chinese company, part of the Geely Holding Group.
The main business area is the production of automotive equipment and cars under the Geely brand.
The company was founded in 1986.
The company's headquarters are in Shanghai, China. International offices operate in the CIS, Middle East, Africa, Southeast Asia, Central and South America.
In 2009, assembly plants abroad opened in Ukraine, Russia and Indonesia.
In Russia, there is an exclusive representative - a subsidiary of Geely International Corporation - Geely Motors LLC (GILI-MOTORS LLC).
Performance indicators
2022:8% increase in car sales
On January 11, 2023, the Chinese company Geely Auto released statistics on car sales. It is reported that in 2022, vehicle shipments rose by 8% on an annualized basis, reaching 1,432,988 units.
The report states that Geely continues to actively implement a transformation program aimed at switching to new energy sources. We are talking about cars equipped with a hybrid and fully electric power plant, as well as methanol machines and other types of environmentally friendly fuel. In 2022, sales of such vehicles increased approximately twice, amounting to 328,727 units. If we consider exclusively the segment of electric vehicles, which includes Geometry models, then Geely increased sales on an annualized basis by 170% - to 149,389 units.
It is noted that during 2022 the company continued to improve its Leishen Power intelligent hybrid system. It provides an engine thermal efficiency of 43.32% and a fuel efficiency of 40%. In addition, in 2022, the fourth generation Emgrand hybrid car was presented, the power plant of which runs on methanol.
In 2022, Geely sales outside China totaled 198,242 vehicles, up 72.4% from 2021. The company has expanded its presence in Europe, the Middle East, Asia-Pacific, Africa, Latin America and other regions. A total of 379 Geely outlets and service outlets have been opened worldwide. In 2023, the company intends to sell up to 1.65 million cars on a global scale. New energy vehicle sales are expected to increase by more than 100% compared to the 2022 result.[1]
History
2023
Geely has created a new company for the production of robomobiles
On August 15, 2023, it became known that the Chinese automaker Geely Holding Group and the local Internet corporation Baidu created a new brand Ji Yue (Jiyue Automotive Technology). It is planned to produce high-end smart cars under it. Read more here.
Popular Chinese cars in the Russian Federation can be stolen by a code that can be obtained from a dealer or bought on AliExpress
In mid-July 2023, it became known that Chinese-made cars popular in Russia can be stolen by a code that can be obtained from a dealer or purchased on AliExpress. Read more here.
2022
Opening of representative office and launch of car sales in Kazakhstan
The Chinese brand Geely opened a brand representative office in Kazakhstan in December 2022 and launched sales. The price of new Geely cars was 18-40% lower than in Russia.
Separate the electric vehicle division into an independent company
On October 31, 2022, it became known that the Chinese company Geely Automobile was creating an independent structure for the production of cars with an electrified power plant. We are talking about the transformation of the current division of Zeekr Intelligent Technology Holding into a new company. Read more here.
Automatic adjustment of cabin temperature depending on how passengers are dressed
On October 25, 2022, it became known that the Chinese company Geely Automobile created a new generation climate system, which in the future in one form or another can be introduced in passenger cars. The idea is to automatically adjust the cabin temperature of the vehicle depending on how the passengers and driver are dressed.
To do this, it is proposed to analyze information from special sensors and cameras. The sensors, as conceived by Geely, will be responsible for detecting people in the car, and the cameras will help determine what clothes are worn on them. If the system decides that the driver and (or) passengers are not dressed according to the weather, then the temperature in the cabin can be increased or decreased to create the most comfortable conditions.
Most likely, optimization will be carried out independently for different climate control zones. Moreover, it says that the technology will make it possible to track the condition of people in the car in real time and adjust the temperature settings in accordance with changing conditions. True, now the proposed solution exists only in the form of patent documentation, and nothing is known about the timing of its commercialization.
Geely has previously proposed a number of other unusual technical developments for the automotive industry. One of them is a communication system that allows you to communicate with people from the outside without lowering the glass: for this, additional external speakers and microphones should be used. Such a solution will be useful, for example, in inclement weather - during rain, snowfall or in high winds. In addition, Geely reflects on the car seat ejection system in an emergency emergency with a threat to the life of the driver or passengers.[2]
Geely acquires 7.6% stake
At the end of September 2022, the Chinese corporation Zhejiang Geely Holding Group acquired a 7.6% stake in Aston Martin. The amount of the transaction was not disclosed, but earlier the leadership of the eminent British automaker announced that it had found funding in the amount of $732 million. Read more here.
Purchase of smartphone manufacturer Meizu
In mid-June 2022, it became known about the sale of Meizu to the Chinese automaker Zhejiang Geely Holding. The perimeter of the transaction includes 79% of the company engaged in the production of smartphones, according to data released by the antimonopoly regulator of the PRC. Read more here.
Opening of the head office in the Dvintsev business center
Geely Motors on February 8, 2022 announced the opening of the Russian head office, which will be located in one of the most prestigious business centers of Moscow. The Dvintsev complex, consisting of three multi-story towers, located 300 meters from the TransTeleCom in the north-east of the capital in the area Maryina Grove.
Geely Motors has entered into an agreement with project developer Central Properties on renting office space with an area of almost 2000 square meters. meters. Transaction passed under the control of ILM.
 | The development of our company led to the need to move to a class "A" business center, we needed an effective layout and a large number of parking spaces. The Dvintsev business center fits our criteria perfectly. We hope that moving to this office will provide a more comfortable environment for both our employees and our partners. We are grateful to Central Properties for the prompt coordination of commercial conditions and the signing of a lease agreement, - commented Ilya Gorin, head of the administrative department of Geely. |  |
| | Geely had specific room requirements, they wanted to be located in a class "A" business center, while having a large number of parking spaces and a separate area on the ground floor. The Dvintsev business center was ideal for such parameters, and we hope that this deal will be the beginning of long-term cooperation between Geely and Central Properties, - commented Ksenia Kharkevich, director of the office real estate department at ILM. | |
Investing in electric car manufacturer Jidu Auto
On January 26, 2022, electric car manufacturer Jidu Auto, a joint venture between Baidu and Geely, announced a $400 million investment from its owners. The round did not involve outside investors. The company did not provide any details about its assessment. Read more here.
2021
Launch of the company for the production of smartphones
At the end of September 2021, Geely announced the start of strategic cooperation between its subsidiary Hubei Xingji Shidai Technology with the Wuhan Economic and Technological Development Zone. The partnership involves the production of smartphones. Read more here.
Derweis plant, which produces Geely cars, sells for 1.5 billion rubles after bankruptcy
In April 2021, it became known about the auction from which the property of the Derways plant will be sold. Real estate, equipment and other assets are sold in one lot for about 1.5 billion rubles. Read more here.
Obtaining a license for commercial production of satellites
At the end of February 2021, the Chinese industrial company Geely received a license to commercially produce satellites, which will eventually be used to create a network of smart cars that interact with each other and road infrastructure via a wireless connection. Read more here.
Building a company to develop electric vehicles - Baidu Apollo
On January 11, 2021, Baidu announced the creation of a new company that will focus on the development of electric vehicles. For this project, the Chinese Internet giant attracted the automaker Geely to cooperate. Read more here. Read more here.
2020: Keys when buying a new car began to be delivered by drones
In February 2020, Geely Auto launched an online home delivery car purchase program. At the end of March, the company began not only to completely disinfect the purchased car, but also to offer key delivery using drones.
Geely launched an online sales system as a general store for Chinese customers, which allowed you to evaluate vehicles, match individual characteristics, get insurance, and also order contactless delivery home. The online portal serves as a central interface through which orders are sent to local dealers for processing. Buyers can even negotiate a home test drive with the dealer.
As part of the program, Geely made every effort to ensure complete disinfection by wet treatment and ionization of each vehicle before delivery. Due to the coronavirus pandemic, the company has added another way to protect the buyer in the form of delivering keys using a drone. Drones bring a set of keys from a car dealership and dump them on a customer's doorstep or balcony.
It may be no less effective to pack keys and leave them on a customer's doorstep for normal delivery, but using drones eliminates at least one person from the delivery chain. In addition, the use of drones is a much more impressive advertising tool than regular delivery.
Geely also responded to the coronavirus outbreak by releasing the new Icon SUV, which introduced the N95-certified air purification system for the first time. Developed directly in response to the coronavirus pandemic, this system works in conjunction with a conventional air conditioning system and cleans the air of bacteria and viruses.[3]
2017: Purchase of flying car developer Terrafugia
On November 13, 2017, Geely announced the purchase of flying car developer Terrafugia. Read more here.
Notes
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