The National Agency on Corruption Prevention (NACP) listed the Chinese car company Zhejiang Geely Holding Group Co., Ltd, known as Geely, on the list of international sponsors of the war. Geely continues to pay taxes to the Russian budget, actively support its economy and, accordingly, sponsor aggression against Ukraine at a time when most car manufacturers from Europe, Japan and Korea stopped selling on the Russian market after the invasion of Ukraine.
Geely is privately owned by Chinese billionaire entrepreneur Li Shufu and owns several brands including Geely Auto, Lynk & Co, Zeekr, Volvo Cars, Polestar, Lotus, London Electric Vehicle Company, Farizon Auto, CAOCAO Mobility.
In the Fortune Global 500 list of the world's largest companies for 2022, it took 229th place. Daniel Lee, the executive director of the Geely holding company, said that he did not want to tell his companies to leave the Russian market. "I absolutely don't understand why we should be forcing each of our car brands to punish the Russian customer",- he said, speaking at the FT's Future of the Car Summit. He personally supported the decision of the Geely car brand to increase car sales in the Russian Federation after global competitors left the market following Russia's invasion of Ukraine.
So, sales of cars under the Geely brand in Russia in the first three months of 2023 more than doubled compared to last year, from 5,543 units to 12,673 units. And the revenue of Geely Auto Group for 2022 amounted to more than 20 billion dollars. USA.
The distributor of the Geely brand in Russia is Geely-Motors LLC, whose sales for 2022 grew by 82% to 800 million dollars. USA, net profit grew by 5105% to $201 million, taxes to the budget of Russia were paid in the amount of more than $51.4 million. USA.
The company continues to present and sell new models of cars of its brand in the Russian Federation. As of May 2023, the network of official Geely dealers is represented in 89 Russian cities and has 157 dealer centers.
There were no attempts by the company's management to condemn Russia's war against Ukraine.
