Geely now owns 7.6% of Aston Martin

Geely continues to invest in other automakers as it recently purchased a stake in Gaydon-based automaker Aston Martin. Zhejiang Geely Holding Group (Geely Holding), China's largest privately-owned automotive technology group, has inked a deal with the British automaker after they were able to buy a 7.6% share in Aston Martin Lagonda.

As a result, Geely joins several companies that have a stake in Aston Martin. This includes Yew Tree – the consortium led by Lawrence Stroll which has an 18.3% stake, Saudi Arabia's Public Investment Fund which has a 16.3% share, and Mercedes-AMG which has a 9.7% stake.

(L) Executive Chairman of Aston Martin Lawrence Stroll, (R) Li Shufu - Founder & Chairman of Geely Holding

“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. 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,” said Daniel Donhui Lui, CEO of Geely Holding Group.

This is not the first time Geely bought shares in other companies. Earlier this year, Geely acquired 34.02% of Renault Korea Motors (RKM) for USD 207 million – doubling down on its partnership with the French automaker in South Korea. It's also worth noting that Li Shufu, founder and chairman of Geely, has a 9.7% share in Mercedes-Benz which he purchased back in 2018.

With so many brands under its belt (i.e. Volvo, Lotus, Polestar, Proton, London Electric Vehicle Company, Lynk & Co, Zeekr, and Geometry), Geely is no stranger when it comes to handling multiple automakers. And with the company now having a stake in Aston Martin, they are looking forward to potential opportunities with the Gaydon-based automaker.

As to what exactly can Geely contribute to Aston Martin in the foreseeable future, however, remains to be seen. But with Aston Martin looking to electrify its lineup by 2026, perhaps the British company can get a helping hand not just from Mercedes-AMG, but also from Geely as well.