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Flying cars and freeing up your time: Industry discusses future of mobility at GFM 2017

HANGZHOU – Geely Holding Group Chairman Li Shufu surprised the audience of more than 800 people attending the 2017 Global Future Mobility Forum (GFM 2017) on November 11 by announcing in his keynote speech that the 30-year old private automaker has acquired U.S. flying car startup Terrafugia Inc. “We recently

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Geely completes acquisition of Terrafugia, first flying car expected to hit market in 2019

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. The companies inked the agreement on November 13, and the deal has received approval from all relevant regulators including

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From sports cars to flying cars, Geely takes unorthodox approach to new empire

Little by little, Geely Holding Group is putting the pieces together for what is shaping up to be a new global automotive empire. The path it took to become what it is today, however, has been rather unconventional. The 30-year old company with less than 20 years of car

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