√Chinese automotive giant acquires stake in Aston Martin

Geely has added another feather to its cap, after the company took a minority stake in the iconic British sports car brand Aston Martin.

China’s Geely is now a minority owner of Aston Martin.

In recent days Geely announced it has acquired a 7.6 per cent stake in Aston Martin, making it the fourth largest shareholder of the British sports car company.

The Chinese auto giant owns a number of car companies including Volvo, Polestar, Lotus, and Smart, as well as being one of the largest single shareholders in Mercedes-Benz Group through its founder Li Shufu.

“We are delighted to announce our investment in Aston Martin and believe that with our well-established track record and technology offerings, Geely Holding can contribute to Aston Martin’s future success,” Geely Holding Group CEO Daniel Donghui Li said in a statement.

“We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long term, sustainable growth and increased profitability.”

In July 2022, a restructure of Aston Martin raised $1.1 billion for the carmaker, and gave the Public Investment Fund of Saudi Arabia a 16.7 per cent stake in the company – just behind Lawrence Stroll’s Yew Tree Consortium with 18.3 per cent, and behind Mercedes-Benz Group’s 9.7 per cent.

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