Classification: M&As
From "Geely No. 1" to No. 1 investor: Li Shufu expands global empire after Daimler stake [2018-03-02]

HANGZHOU/STUTTGART – In 1996, Li Shufu bought a few Mercedes-Benz cars and took them apart to learn about car making.

Global empire grows: Geely acquires strategic stake in AB Volvo, becomes largest shareholder [2017-12-27]

HANGZHOU – Geely Holding Group’s rapidly expanding global empire just got bigger, literally and figuratively.

Geely completes acquisition of Terrafugia, first flying car expected to hit market in 2019 [2017-11-24]

HANGZHOU – Geely Holding Group has acquired the operations and assets of Terrafugia, a U.S.-based company focused on the innovation and production of flying cars and future technologies, in its entirety.

Geely finalizes Proton board structure and completes Lotus transaction [2017-10-18]

KUALA LUMPUR – In separate announcements, Geely said on September 29 that it has finalized the board structures and part of the executive team for Proton Holdings Berhad and its related companies (Proton Group) as well as completed the transaction to purchase a majority stake in the British luxury sports brand Lotus.

Marchionne: Jeep not for sale to Great Wall Motor [2017-10-11]

NEW YORK – Fiat Chryslers Automobiles (FCA) CEO Sergio Marchionne said on October 9 that his company is not considering selling Jeep as a separate entity to Chinese rival Great Wall Motor Co., Ltd.

Great Wall Motor acquires minority stake in Australian lithium developer Pilbara Minerals [2017-10-26]

WEST PERTH, Australia – Australian lithium developer Pilbara Minerals Ltd. said in a statement on September 28 that it has executed a binding terms sheet with Great Wall Motor Co., Ltd.

Geely becomes largest shareholder in Saxo Bank [2017-10-11]

HELLERUP, Denmark – Geely Holding Group said in a statement on October 2 that it has become the majority shareholder of Saxo Bank Group with a total share of 51.

SAIC subsidiary MG acquires GM's Halol plant [2017-10-11]

GUJARAT, India – UK-based Morris Garages (MG) acquired General Motor’s Halol plant in Gujarat in September, invested more than $307 million in acquisition, part of which will be pumped into refurbishing a 170-acre plant.

Chinese VC firm GSR Capital to acquire Nissan's electric battery business [2017-08-10]

YOKOHAMA – Chinese private investment fund GSR Capital has entered into a definitely sale and purchase agreement with Nissan Motor Co., Ltd.

Chinese-owned KSS to acquire Takata for $1.588 billion [2017-07-14]

NINGBO, Zhejiang – Key Safety Systems (KSS), a U.S.-based auto parts supplier owned by China’