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May 18, 04:45 PM

Geely Fully Acquires Three Radar Companies to Strengthen New Energy Pickup Strategy

#Geely EV Strategy and Restructuring#Chinese Automaker Global Expansion and Competition#The Strategic Triad—Mexico, Thailand, and Hungary as Hubs for Chinese Automakers’ Global Expansion

[Corporate M&A] Geely has invested RMB 218 million to fully acquire Radar Auto (Shandong), Radar Auto Sales, and Radar Thailand.

Core Move: Geely Integrates Radar Ecosystem to Strengthen Pickup Truck Strategy

Zhejiang Jirun and Geely Sales acquired 100% equity in Radar Auto (Shandong) and Radar Auto Sales for RMB 159 million and RMB 59 million, respectively. Geely’s subsidiaries CIL and GAIL acquired all shares of Radar Thailand for RMB 490,000.

Strategic Foundation: Focusing on the Mid-to-High-End New Energy Pickup Segment

Radar Auto (Shandong) holds all core assets related to Radar pickup products and focuses on R&D and manufacturing; Radar Auto Sales manages the domestic sales network; Radar Thailand, established in July 2024, serves as a key platform for overseas expansion.

Industry Impact: Consolidated Financial Reporting Accelerates Global Synergy

Upon completion of the transaction, the three companies become wholly-owned subsidiaries of Geely Automobile, with their financial performance consolidated into the listed company’s statements, supporting Geely’s dual acceleration in new energy pickups and global expansion.

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