Geely declined to give details, but Aston Martin Lagonda announced Friday it raised 654 million pounds ($730 million) from investors including Geely and the Saudi government to pay down debt and "accelerate its long-term growth."
"We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long term, sustainable growth and increased profitability" Daniel Donghui Li, Geely Holding Group CEO said.
Geely owns the Geely Auto, LYNK & Co. and Geometry brands, Volvo Cars and EV brand Polestar of Sweden, Britain's Lotus and 9.7% of Mercedes parent Daimler AG.
Aston Martin is a relatively independent automobile manufacturer from the global automobile groups. Although Mercedes-Benz intends to get a share of 20% of Aston Martin by 2023. Meanwhile, the ties between Geely and Mercedes-Benz have also been strengthened recently, in particular through the relaunched Smart brand with electric vehicles.
