On July 23, Geely Automobile Holdings Co., Ltd. announced that the company's wholly-owned subsidiary GeelysPV signed a share purchase agreement with Ford Motor's wholly-owned subsidiary FordNL to acquire 34% of the Spanish target company's shares for 221 million euros. After the transaction is completed, FordNL holds 66% of the target company's shares and GeelysPV holds 34% of the shares; the entity will be recorded as an associated company in accordance with the equity law and will not be included in the scope of Geely's consolidated statements.

On July 23, Geely Automobile Holdings Co., Ltd. announced that the company's wholly-owned subsidiary GeelysPV signed a share purchase agreement with Ford Motor's wholly-owned subsidiary FordNL to acquire 34% of the Spanish target company's shares for 221 million euros. After the transaction is completed, FordNL holds 66% of the target company's shares and GeelysPV holds 34% of the shares; the entity will be recorded as an associated company in accordance with the equity law and will not be included in the scope of Geely's consolidated statements.