“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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