09 July 2012, Hangzhou, China. On July 9, the Fortune Global 500 of 2012 was released. Zhejiang Geely Holding Group, with revenue of USD 23.3557 billion earned in 2011, is included in the list and ranks the position of 475. The first three names of this year’s Fortune 500 camp are respectively Royal Dutch Shell, Exxon Mobil, Wal-Mart Stores.
After Geely’s successful acquisition of Volvo Cars in 2010, new batches of Geely products have been launched to the international market in succession, such as EC7, EC8, GC2. Making high quality cars and maintaining high safety standard is now the signature of Geely. At the first half of 2012, Geely showed its robust growth momentum in the international market. The overseas sales volume of Geely over the past 6 months has gained 210% growth, compared to the same period of last year.
Additionally, Volvo Cars, whose parent company is Zhejiang Geely Holding Group, sold 449,255 vehicles globally last year, which lead to an increase rate of 20.3% comparing to the sales volume of 373,525 cars in 2010. Concerning the business revenue, USD 18.59 billion was earned in 2011, which is 11.1% higher than the year before last year.
Zhejiang Geely Holding Group, founded in 1986, has been always focusing on real economy and business and sticking to the guidance of providing high-quality products and premium services, which is making itself gradually recognized by global customers.