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Geely Automobile

Geely is a car maker, focused on passenger vehicles. The group sold 1.2 mn units in 2017 and aims to sell 1.58 mn units in 2018 and 2 mn units by 2020. Almost all its sales are domestic and is one of China's largest indigenous car makers, with 6.4% market share in 1H18. Geely also exports to markets including the Middle East, Eastern Europe, Central and South America and Africa. Most of Geely's models are positioned for the mass market. Since 2014, the company has marketed its core brands of Emgrand, GLEagle and Englon under a unified "Geely" brand. in 2017, it launched the upper market brand Lynk & Co in JV with Zhejiang Geely and Volvo Cars. Geely has 9 production plants in China, located in Zhejiang, Hunan, Shaanxi, Shanxi, Shandong and Sichuan provinces. It also has 1 JV plant in Belarus. It has over 940 Geely dealers and over 130 Lynk & Co dealers. It had 47,500 employees as of 30 June 2018. Genius AFC, Geely's 80:20 auto financing JV with BNP Paribas, started operations in 2015, providing wholesale financing to dealers and retail funding to end-customers. (16 Oct 2018)

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