Geely Holding acquires 7.60% stake in Aston Martin Lagonda

Beijing (Gasgoo)- On September 30, China’s major auto group, Zhejiang Geely Holding Group Co., Ltd. (Geely Holding) announced that it has officially acquired 7.60% stake in English luxury performance vehicle maker Aston Martin Lagonda Global Holdings plc (Aston Martin).

Photo credit: Aston Martin

Li Donghui, CEO of Geely Holding, said that "We are delighted to officially become an investor in Aston Martin. Geely Holding has rich experience in supporting the transformation of companies it held, and has a solid accumulation of technology in the fields of electric supercars and intelligent connected vehicles, which will help Aston Martin achieve greater success in the future. We look forward to working with Aston Martin to explore synergistic opportunities as Aston Martin remains committed to its strategy to achieve long-term sustainable growth and profitability. "

Geely Holding’s well-established track record of successful acquisition includes its stake in the Swedish premium auto brand Volvo, and other international marques such as Daimler, Proton, and Lotus.

Among which, under Geely’s guidance, Lotus has already rolled out a high-performance full-electric SUV, the Eletre, in China on June 1, 2022.