Geely’s At It Again—Another Acquisition Feast!

Hey folks! I remember a couple of years back at an auto show, a friend asked me, “Old Han, is Geely gonna buy up the whole world?” I laughed and said, “Pretty much! Mr. Li Shufu’s out here scooping up all the coolest stuff the world has to offer!” And sure enough, on the night of October 21st, Geely dropped another big move—snapping up Ningbo Passenger Vehicle for 123 million RMB. Sure, that’s pocket change for Geely, but this deal is far more interesting than the price tag suggests. What’s this acquisition all about? Simply put, Geely acquired 100% of Ningbo Passenger Vehicle for 123 million RMB through its wholly-owned subsidiary. And this company is no small fry—it provides core services for big names under the Geely umbrella, including Volvo, Rely, and Remote. This deal sends three loud and clear signals: Geely’s doing a major asset consolidation! It’s like tidying up your house and putting all your best stuff front and center. For a listed company, nothing matters more than a shiny earnings report. Rely has been making big waves lately, especially in battery swap tech. It’s running pilot projects in Chongqing, and it’s clearly gearing up to go head-to-head with NIO! Geely’s brand family is absolutely massive. Zeekr, Lynk & Co, Galaxy, Rely, Lotus... Folks, you’d cramp your hand just listing them all! Let me break it down for you I’ve been in this industry for years, and I’ve seen countless automakers rise and fall. But Geely? It’s truly admirable. From being labeled the “king of knockoffs” back in the day, it’s fought its way to become the top dog of Chinese domestic automakers today. Let’s be real—Li Shufu has an eye for opportunity like no other. When he splashed out big bucks to buy Volvo, so many people called him crazy. Now? Volvo’s not just surviving—it’s thriving, and going from strength to strength. And take battery swap technology, for example. While other automakers were sitting on the fence, Geely already locked in a strategic partnership with NIO. This isn’t random splurging—this is visionary strategy! What does this mean for car owners? This is what you all care about most, and I’ve got good news: this acquisition is a win for every Geely-brand car owner. A unified service system means more reliable after-sales support. With resources integrated, there’ll be far more technology sharing across brands. Stronger synergy between brands could even lead to universal battery swap stations for all Geely group models down the line! A little word from Old Han Honestly, among all Chinese automakers, Geely is the one I admire the most. Why? Because it’s a doer, not just a talker. From traditional fuel cars to new energy vehicles, from economy models to luxury lines—they’re even developing flying cars! That’s the kind of ambition that’s truly impressive. But I gotta remind you all: no matter how great an automaker is, don’t jump on the bandwagon blindly. Buy a car that fits your needs—the best car is always the one that’s right for you. I’d say keep a close eye on Geely’s next moves, everyone. Especially Rely’s layout in the battery swap sector—it’s bound to bring us more great options. One last question for you folks With so many brands under its wing, do you think Geely will face internal competition issues? Drop your thoughts in the comments—let’s discuss! Alright, that’s all for today. Don’t forget to like, save and follow! Catch you next time!