Geely was founded in 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. As of 2023, the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies. In 2024, the group produced a total of 3.33 million vehicles globally, including 1.48 million plug-in electric vehicles.
Mercedes-Benz Group AG (formerly Daimler-Benz, DaimlerChrysler, and Daimler) is a Germanmultinationalautomotive company headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacturers. Daimler-Benz was formed with the merger of Benz & Cie., the world's oldest car company, and Daimler Motoren Gesellschaft in 1926. The company was renamed DaimlerChrysler upon the acquisition of the American automobile manufacturer, Chrysler Corporation in 1998, it was renamed to Daimler upon the divestment of Chrysler in 2007. In 2021, Daimler was the second-largest German automaker and the sixth-largest worldwide by production. In February 2022, Daimler was renamed Mercedes-Benz Group as part of a transaction that spun-off its commercial vehicle segment as an independent company, Daimler Truck.
Volvo Car AB (Swedish:[ˈvɔlːvʊkɑːroːˈbeː]), trading as Volvo Cars (Swedish: Volvo personvagnar, pronounced[ˈvɔlːvʊpæˈʂuːnˌvɑŋːnar]; styled VOLVO in the company's logo), is a Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's main marketing revolves around safety and its Swedish heritage and design.
Volvo Cars has been separate from its former parent conglomerate and producer of heavy trucks, buses, and construction equipment (among others) AB Volvo since 1999 when AB Volvo sold its automobile division Volvo Cars to Ford Motor Company for US$6.47 billion. On 28 March 2010, Ford sold Volvo Cars at a loss to Geely Holding for $1.8 billion; the deal closed in August 2010. Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely Holding still retains majority ownership. Volvo Cars and AB Volvo share the Volvo logo, and cooperate in running the Volvo Museum.In March 2021, Volvo Cars announced that it would be a fully electric brand by 2030, with vehicles sold exclusively online. In June 2021, Volvo Cars and Swedish battery developer and manufacturer Northvolt announced their intention to establish a 50/50 joint venture consisting of a battery gigafactory and R&D (research and development) center. In December 2021, it was revealed the battery R&D center would be located in Gothenburg. In February 2022, Gothenburg was also chosen as the location for the battery gigafactory.During 2021 and 2022, Volvo Cars transferred its hybrid engine research and production capabilities in Skövde and Zhangjiakou to Aurobay, in a joint venture with Geely. In 2023, Volvo removed conventional engines as an option, meaning mild hybrids are the base engine option in the US.
Geely in the context of London Electric Vehicle Company
London EV Company Limited (LEVC), formerly The London Taxi Corporation Limited, is a British automotive manufacturer with its headquarters at Ansty Park near Coventry, England. It is a wholly owned subsidiary of Chinese automaker Geely. The company produces London’s famous black taxicabs.
Originally, Smart was known for producing microcars and subcompacts, primarily the Fortwo and Forfour, at Smartville in Hambach, Moselle, France and additionally at Renault's Revoz plant (Novo Mesto, Slovenia). Since its restructuring in 2019, the brand now produces small battery electric vehicles at a manufacturing plant in China, with distribution, marketing and aftersales activities in Europe handled by Smart Europe GmbH, which is headquartered in Stuttgart, Germany