A few days ago, Zhidian Mobility learned that on May 18, 2023, Zhejiang Geely Holding Group Co., Ltd. announced that it has reached a new cooperation agreement with Aston Martin Lagonda International Holdings, a British ultra-luxury performance brand. As part of the cooperation, Geely Holding has completed an increase in its stake in Aston Martin, which holds approximately 17% of the shares. According to an announcement by Aston Martin on the London Stock Exchange, Geely Holding will become the brand's third largest shareholder.
Geely Holding will then have the right to appoint a non-executive director to Aston Martin's board of directors and will also have an observer seat on the board. Li Shufu, Chairman of Geely Holding Group, said: "The increase in Aston Martin's stake reflects our confidence in its growth prospects, technical strength and management team. Since our first minority acquisition of Aston Martin last September, we have worked openly with our Executive Chairman, Mr. Lawrence Stoll, and his team to explore technological synergies and new growth opportunities. ”
In addition, Lawrence Stoll, Executive Chairman of the Aston Martin Board, said: "This partnership is a key part of Aston Martin's ambition. Since its first stake in Aston Martin last year, Geely Holding has been looking forward to Aston Martin's long-term growth and success. At the same time, Aston Martin is also expected to establish a vehicle production plant with Geely Automobile in the domestic market in the future, which is more similar to Lotus' strategic development, or will launch domestic pure electric supercar models for consumers to purchase, and the main competitors in the same class include pure electric supercar models such as BYD Yangwang U9.