Geely experiences momentous year

ZHEJIANG Geely Holding Group (Geely Group) experienced what was to be a momentous year in 2017. With the automotive giant reaching new heights in design, innovation and production as well as new partnerships forged, Geely has gained much ground over the past year. For the sixth year in a row, Zhejiang Geely Holding Group has made it to the Fortune 500 list. Geely Holding rose 67 places from the previous year to be ranked 343rd in 2017. The group first entered the Fortune Global 500 in 2012.

In 2017, Geely beat their revised annual sales target of 1.1 million units, delivering over 1.24 million vehicles, with the production rate soaring to a huge 63 per cent compared to the previous year. This strong growth was based on the strength of Geely 3rd generation models. Now, the Chinese automotive giant looks to go above and beyond with a sales target of 1.58 million vehicles in 2018.

This shows the growing popularity and how customers are exploring a new world of value, styling and comfort with Geely.

On November 13, Geely announced that it had completed the acquisition of American flying-car startup Terrafugia. Terrafugia has since successfully developed several prototype vehicles which run well and plans to deliver its first flying car to the market in 2019, with the world’s first VTOL (vertical take-off and landing) flying car being made available by 2023.