Geely Holding takes 7.6% stake in luxury British car brand Aston Martin
Zhejiang Geely Holding Group (Geely Holding) said that it has acquired a stake of 7.6% in Aston Martin Lagonda Global Holdings (Aston Martin), a British manufacturer of luxury cars.
The Chinese automotive technology group did not disclose the financial terms of the deal.
Daniel Donghui Li — Geely Holding Group CEO said: “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.”
In August 2022, Aston Martin unveiled the new V12 Vantage Roadster, a limited production model that is powered by a 5.2-litre Twin-Turbo V12 engine. Aston Martin limited the production of V12 Vantage Roadster to only 249 customer examples globally.