Zhejiang Geely buys 7.6% stake in Aston Martin

by SpeedLux
Geely automobile holding

Zhejiang Geely Holding Group said on Friday it purchased a 7.6% stake in British luxury automaker Aston Martin.

The deal value was not revealed.

The stake is valued at 7.55 billion pounds ($8.39 billion).

It was purchased by Li Shufu, founder and chairman of Zhejiang Geely, Aston Martin said in a regulatory filing.

Geely Holding has become one of the top shareholders in Aston Martin now.

“We look forward to exploring potential opportunities to engage and work with Aston Martin as it continues to execute its strategy to achieve long-term, sustainable growth and increased profitability,” said Daniel Donghui Li, Zhejiang Geely’s chief executive officer.

Aston Martin also separately announced the completion of a 654 million pounds ($728 million) capital raise.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More