Geely Automobile Holdings Limited is a Chinese motorcycle maker founded on November, 1986 which was initially concentrated on creating decoration materials and refrigerators. After eight years as it was founded, the organization entered the motorcycle making market.
Geely focusing on development, production and sales of passenger vehicles, chose to enter the automobile industry in 1997, since the business recorded a remarkable success in the bike making marketplace. One year later, on August 8, the very first car created by Geely was formally rolled out in the market.
The fascinating truth is that the business always fought to enhance its existence to the car marketplace in order to produce new jobs so in 2002, it signed a deal with Maggiora and with Daewoo International.
During the same year however in April, another important milestone was reached by Geely: the a hundred thousand car made by the business was formally introduced to the market.
Geely had quite impressive numbers in 2003 because it was able to create no less than 34360 automobiles which helped it acquire about 3.8 percent of the complete car industry. Furthermore, the organization acquired a share of 13 points of the sedan automobiles business which underlines, once more, that Geely has got the capability to generate some pretty successful models.
The Business sells most of its own products within the China industry and it has also expanded its sales through export to other developing countries within recent years.
The Business's shares are listed on the primary board of Hong Kong Stock Exchange; the controlling stockholder of the Business is Zhejiang Geely Holding Group Business Limited, a private firm that's whollyowned by Mr. Li Shu Fu, the Business's chairman, and his associate.
The Business also exports its products through 37 sales agents, and 43 sales and service outlets in 37 foreign markets, chiefly to developing nations in Eastern Europe, the Middle East, and South and Central America.
Exports have become an extremely significant part of the Organization's business and accounted for 21% of the Organization's overall sales quantity of 483,483 units in the year 2012. With a total work force of 18, 512 staff at the conclusion of 2012, the Business created $ 4 billion earnings to US in the year 2012. Whole market capitalization was US$3.9 billion on 4 April 2013.
For another several years, the firm intends to establish new and improved bikes and autos, equipped with both highend functions and complex engines.