Breaking: Geely acquires 7.60% stake in Aston Martin

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On September 30, 2022, Zhejiang Geely Holding Group Co., Ltd. (hereinafter referred to as “Geely Holding”) announced that it has completed the acquisition of a 7.60% stake in British ultra-luxury performance brand Aston Martin Lagonda International Holdings (hereinafter referred to as “Aston Martin”).

Li Donghui, CEO of Geely Holding Group, said: “We are delighted to officially become an investor in Aston Martin. Geely Holding has extensive experience in supporting the transformation of companies in which it has invested, and has deep technical accumulation in the fields of super electric and intelligent connectivity, which will help Aston Martin achieve greater success in the future. Looking forward to discussing synergy opportunities with Aston Martin, Aston Martin will continue to adhere to its development strategy and strive to achieve long-term sustainable growth and improve profitability. “