# Geely Automobile subsidiary acquires two engine firms for RMB1.265 billion

Zhejiang Geely Dongli Zongcheng Company Limited, a subsidiary of Geely Automobile Holdings, agreed to acquire Taizhou Binhai Geely Engine Company Limited and Guizhou Geely Engine Company Limited for a total of RMB1.265 billion. The acquisitions will add an annual capacity of 720,000 engines.

- Type: Acquisition
- Announced: 2018-10-05
- Where: Taizhou, Zhejiang; Guiyang, Guizhou, China
- Value: $183.0M (1.26B CNY)
- Status: announced
- Capacity: 720,000 units of engines per year
- Products: engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Geely Automobile Holdings](https://endata.com/companies/27939.md)
- [Zhejiang Geely Dongli Zongcheng Company Limited](https://endata.com/companies/34782.md) (acquirer)
- [Taizhou Binhai Geely Engine Company Limited](https://endata.com/companies/34783.md) (target)
- [Guizhou Geely Engine Company Limited](https://endata.com/companies/34784.md) (target)
- [Taizhou Geely Luoyou Engines Company Limited](https://endata.com/companies/34785.md) (partner)
- [Guiyang Geely Engines Company Limited](https://endata.com/companies/34786.md) (partner)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/market-industry/geely-automobile-holdings-acquires-two-engine-firms-with-rmb1265-billion-70015232), 2018-10-08: "An annual capacity of 720,000 units of engines will reportedly be newly added for Geely Auto after the above two engine manufactories are completed."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.