The Future Prospects after the 2021 Financial Results of Geely Automobile Holdings

“Do you know how big Volvo is?” Ford’s chief financial officer at the time asked the (then) unknown Chinese Li Shufu, who pretended to want to buy Volvo (then owned by Ford), somewhat snootily. The American politely showed the Chinese the door at the Detroit Ford headquarters.

With this anecdote, Norihiko Shirouzu begins his very interesting Reuters story about Li Shufu and Geely. In the meantime, not only the former Ford manager Li Shufu, but the entire car world knows Li Shufu.

Today Geely is one of the most interesting car companies in the world. Volvo has long since been successfully renovated under Geely’s direction. Geely created new brands (Lynk, Polestar, Zeekr) and cooperates closely in various areas with Daimler, in which Geely also has a stake.

How did this Li Shufu, born in 1963, who recently gave himself the English first name Eric, manage to do this? Reuter’s Norihiko Shirouzu has researched and written down the rise of Li Shifu, who grew up in a fishing village, in an exciting way. A crazy story, a dishwasher career made in China. In 2018, Li acquired 9.69 percent of the shares in Daimler AG through an investment company for around 7.5 billion euros, making him its largest single shareholder.

Therefore, 2021 Financial Results of Geely Automobile Holdings Ltd are numbers worth analyzing. Geely Automobile Holdings Ltd is the Hong Kong listed entity of Geely Auto Group. The listed company has released its 2021 Financial Results.

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Published by:

Dr. Oliver Everling

Independent since 1998, he is Managing Director of RATING EVIDENCE GmbH. As visiting professor of Capital University of Economics and Business in Beijing, former chairman of the supervisory board of a rating agency, advisory board member, advisor, member of rating committees, chairman of ISO-TC Rating Services, author or publisher of books and a magazine, Independent Non-Executive Director under EU Regulation on Credit Rating Agencies, he has been or is involved in ratings from a variety of perspectives. Previously, he was for 6 years department director at Dresdner Bank and, until 1993, managing director of the Projektgesellschaft Rating mbH after a doctorate at the banking and stock exchange seminar of the University of Cologne.

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