We are known for its very stylishly designed cars. Aston Martin has recently rolled up its sleeves for new investments. In this process, the company, which needed new funds, decided to transfer some of its shares. In this process Chinese Geely brand joined Aston Martin’s partners.
Geely joins Aston Martin shareholders
chinese Geely, £654 million Aston Martin in exchange for investment 7.6 percent stake incorporated it. Thus, the British manufacturer also created funds for its new investments. head of company Lawrence Stroll Aston Martin’s share of 18.3 percent largest shareholder will continue to be.
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British manufacturer finally Saudi Public Investment Fund(PIF) also received investment. Together with the recent investments, PIF owns 16.7 percent of the company. Another Aston Martin shareholder Daimler has a 9.7 percent share over the British manufacturer.
Aston Martin earlier this year Racing Green determined its new electric car strategy called The company is in line with this first rechargeable hybrid model It plans to launch Valhalla, which is the first, on the roads in the first quarter of 2024. The company’s first all-electric The model is expected to be introduced in 2025. With the participation of Geely, the British manufacturer can take more solid steps on the electric model attack.
Geely, China’s largest private automotive company; Volvo, Polestar, Lynk&Co, Zeekr, Lotus and LEVCstands out as the largest shareholder of . Moreover smartThe company, which holds 50 percent of the shares, DaimlerIt has a share of 9.69 percent.
Proving itself well in the automotive market with its share from Aston Martin. geelyseems to continue its investments in the sector. Owns 7.6 percent of Aston Martin CEO of Geely Holdings Daniel Donghui Li said:
We are pleased to announce our investment in Aston Martin. We believe that Geely Holding can contribute to the future success of Aston Martin with our deep-rooted history and the technologies we offer. . As Aston Martin continues to implement its strategy of achieving long-term, sustainable growth and increased profitability, we look forward to potential opportunities to connect and collaborate with Aston Martin.
Chinese companies is taking place more and more in the automotive market every day. What about you Chinese companies? Aston Martin What do you think about having the shares of well-established manufacturers such as You can share your views with us in the comments section.