Geely Auto Group
VC Fund
Hangzhou, China
Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China, and was founded in 1997 as a subsidiary of Zhejiang Geely Holding Group. Geely Auto Group sells vehicles under the Geely Auto brand and holds a 50% stake in the LYNK & CO brand.The company employs more than 50,000 people and operates 12 plants. Geely vehicles aresold through a network of over 1000 dealerships in China and some 350 sales and service outlets in overseas markets. The company has been listed on the Hong Kong stock exchange since 2005. In 2018, Geely Auto Group sold a record high of 1,500,838 units, an increase of 20.3% from the previous year. Founding Geely in 1986 as a refrigerator maker with money borrowed from family, Li Shufu transformed the company into a success selling inexpensive products to Chinese consumers.After the purchase of a failing, state-run firm, Geely manufactured motorcycles in the mid-1990s. Small van production began in 1998, and a year later, it received state approval to manufacture automobiles. Car production began in 2002. A subsidiary of the group, Geely Auto, had its IPO on the Stock Exchange of Hong Kong in 2004.The company had a booth at the 2005 Frankfurt Motor Show, and 2006 showing at the Detroit auto show.Geely approached Ford in mid-2008 about a possible takeover of Volvo Cars. On October 28, 2009, it was named as the preferred buyer of Volvo by the American automaker. A deal was reached in late March and completed in early August 2010.In 2010, total sales of over 415,000 units gave the company a near 2% market share. Sales were lower than a reported 680,000 units per year production capacity.In December 2011, it was announced that Geely would begin selling Chinese-designed and -manufactured cars in the United Kingdom at the end of 2012, with the first model to go on sale being the Emgrand EC7. The company has also stated its intention to begin sales in Italy.In May 2017, Geely confirmed plans to purchase a 51% controlling stake in Lotus Cars from its owner, DRB-HICOM. Additionally, Geely plans to purchase a 49.9% stake in PROTON Holdings, to facilitate future export growth in right-hand drive markets. The deals were seen as an important step for the Chinese carmaker in their quest to make inroads into the lucrative ASEAN region.In July 2017 the company purchased Terrafugia, an American maker of flying cars. In November 2017, Geely announced the completion of the Terrafugia acquisition, including approval from all relevant regulators.In December 2017, Geely invested €3.25 billion into Swedish truck and construction company Volvo Group, a former parent company of Volvo Cars. The deal has made the company the biggest shareholder with 8.2% of the stake and 15.6% of voting rights.Furthering its expansion and reach, Geely purchased a 9.7% stake in Daimler-Benz, parent of Mercedes-Benz.
- Total investments:
- 5
- Last investment:
- Lead investor:
- 40%
Last updated:
For AI agents: llms.txt
Industries Geely Auto Group invests in
Stages Geely Auto Group invests in
Countries Geely Auto Group invests in
Contacts
Investment Focus
Industry
- Automotive 4 (80%)
- Electric Vehicle 2 (40%)
- Fuel 1 (20%)
- Energy 1 (20%)
- Chemical 1 (20%)
Stage
- Series A 1 (20%)
- Series B 1 (20%)
- Funding Round 1 (20%)
- Corporate Round 1 (20%)
- Post-IPO Equity 1 (20%)
Country
- China 4 (80%)
- Iceland 1 (20%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Jerry Gan
CEO
|
CEO | Total investments: 0 | Find email | |
Zhihao Xu
Chief Executive Officer
|
Chief Executive Officer | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| ECARX is an intelligent traffic assistant for cars. | $45M / Post-IPO Equity / Dec 21, 2022 | ||
Jidu Auto
|
Jidu Auto is an electric car manufacturing company that creates Robocar combining both intelligence and emotion. Jidu is a joint venture between Baidu, China's largest search engine, and Geely, a Chinese manufacturer that produces electric vehicles. The company was founded in 2021. | $400M / Series A / Jan 26, 2022 | |
| DeepRoute.ai is an international self-driving technology company committed to popularizing robotaxis and advancing urban logistics. DeepRoute.ai is the first autonomous driving company in China with Alibaba as a strategic investor, and its team includes leading experts from Ford, Google, Intel, Microsoft, and other innovators. DeepRoute.ai is thefirst to provide its robotaxi service in downtown Shenzhen the megacity and the first to deliver Covid-19 test samples in China using its robotaxis. Additionally, DeepRoute.ai has earned a Passenger Carry Permit from the CPUC, and partnered with Dongfeng Motors and Cao Cao Mobility to build a robotaxi fleet, accumulating over one million miles driven on complex urban roads in China. The company was also recognized with a CES Innovation Award in 2020. | $300M / Series B / Sep 14, 2021 | ||
| Zeekr develops and manufactures premium electric vehicles and automobiles. It specializes in the fields of electronics, automotive and electric vehicles. | $309.3M / Corporate Round / Mar 01, 2021 | ||
| CRI offers a world-leading process technology to produce methanol from carbon dioxide. CRI enables its customers to produce methanol in an environmentally friendly way from carbon dioxide and hydrogen, which can be used as fuel and in chemical products. The company's technology, which was developed and proven in Iceland, has since beenimplemented in the largest factory of its kind in the world. | $16M / Jul 03, 2015 |
Co-Investors
Alibaba Group
1 deal together
Baidu
1 deal together
Fosun RZ Capital
1 deal together
Glory Ventures
1 deal together
Jeneration Capital
1 deal together
Lotus Technology
1 deal together
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FAQ
What does Geely Auto Group invest in?
Geely Auto Group invests primarily in Automotive, Electric Vehicle and Fuel startups, most often at Series A and Series B stage. Most of the 5 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Geely Auto Group?
Public channels for Geely Auto Group include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Geely Auto Group?
The team at Geely Auto Group includes Jerry Gan (CEO) and Zhihao Xu (Chief Executive Officer). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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