CHONGQING: China’s auto giant Zhejiang Geely Holding Group said on Friday that it has invested in British luxury carmaker Aston Martin Lagonda by acquiring 7.6% of the company’s common stock, making it the fifth largest shareholder.
Geely owns the British luxury car brand Lotus and aims to further expand its business in the luxury car sector through cooperation with Aston Martin.
The Chinese automaker did not disclose the amount of the acquisition.
Daniel Li, Geely Holding Group CEO, said that they “believe that with our well-established track record and technology offerings, Geely Holding can contribute to Aston Martin’s future success”.