Zhejiang Geely Holding Group

Daimler AG and Zhejiang Geely Holding Group announced a 50-50 joint venture to own, operate and further develop the smart brand as an all-electric carmaker. A new generation of smart electric models will be assembled at a new factory in China, with global sales due to begin in 2022.

HUBER+SUHNER signed a platform contract with Zhejiang Geely Holding Group to become a Tier 1 supplier, delivering RACS connection systems for Geely's latest electric vehicle platform over four years. Production started in May 2018.

Anhui Zhongding Sealing Parts Co. was selected by Geely as the wholesale supplier of bushing products for the Polestar Modular Architecture (PMA) platform for electric vehicles.

Zhejiang Geely Holding Group signed a memorandum of understanding with Volvo Cars to create a new joint venture for cooperation on shared vehicle technologies and component-sourcing. Additionally, Geely Holding and Volvo Cars will take a 50% stake in LYNK & CO.

Zhejiang Geely reached a binding heads of agreement with DRB-Hicom to acquire 49.9% of Proton and 51% of Lotus, subject to regulatory approval and definitive agreement by mid-July 2017.