Li Shufu

This is a Chinese name; the family name is Li (李).
Li Shufu
Born 1963
Taizhou, Zhejiang, China
Occupation Chairman of Zhejiang Geely Holding Group Co. Ltd..
Years active 1986—present
Board member of Geely Automobile

Li Shufu (simplified Chinese: 李书福; traditional Chinese: 李書福; pinyin: Lǐ Shūfú, Born in 1963, Taizhou, Zhejiang, China), is a Chinese industrialist, automotive businessman and the chairman of Zhejiang Geely Holding Group Co. Ltd. and Volvo Cars.

Biography

Li Shufu was born in Taizhou, Zhejiang, China in 1963. Li was launched as the founder and current chairman of Geely Automobile in 1986, which is the second largest private automobile manufacturer in China.[1] Currently, Li resides in Hangzhou, the capital city of Zhejiang province.

In 2013, Hurun Report ranked Li No. 63 richest person in mainland China and had a net worth of US$2.6 billion.[2]

Volvo acquisition

On 28 March 2010, Geely signed a deal worth US$ 1.8 billion to buy Volvo Cars from American automobile manufacturer Ford Motor Company.[3] It was the largest foreign purchase by a Chinese car manufacturer. Along with $900m of working capital from Geely and a commitment to build a Volvo factory in China, Mr Li has a target of driving sales to 600,000 by 2015 in the domestic market.[4]

References

  1. ↑ http://www.nytimes.com/2010/03/29/business/global/29auto.html?ref=global-home NYTimes.com: "Chinese Automaker Geely to Buy Volvo"
  2. ↑ "Li Shufu - Hurun report". Hurun Report. 2013.
  3. ↑ "Volvo sale signed by Geely and Ford" (stm). BBC News. 28 March 2010. Retrieved 28 March 2010.
  4. ↑ "China's lucky man bags Volvo". The Economist. 7 August 2010. Retrieved 2 April 2013.
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