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Press release | June 28, 2017

Delphi Law Firm advises Geely Autogroup on new innovation centre in Sweden

Geely Autogroup intends to strengthen its presence in Europe, and in Sweden. The establishment of CEVT AB and affiliated Geely businesses has remarkably contributed to a thriving automotive cluster at Lindholmen Science Park in Gothenburg that is a core for Geely’s future cutting edge technologies and design. The strategy going forward for Geely is to establish an even larger innovation capability in Gothenburg, through a new customized building that will house operations for CEVT AB, Geely Design Europe, LYNK & CO Marketing and Sales, and Geely Powertrain Engineering. In addition to named operations, it is the intention of Geely to offer other Chinese automotive companies to join the Geely Innovation Centre in Gothenburg.

Geely, working on a Chinese market timescale, now wants to move forward with speed and implement said building, through acquisition of land, obtaining building rights, securing funding and is seeking a firm commitment from the City of Gothenburg to assist and support to the best of ability to make this centre a reality. The land lot Geely intends to acquire is a real estate located on Lindholmen in Gothenburg, Sweden. The development consists of several buildings to be erected. It is Geely’s intention to include both office buildings and accommodation as well as green areas. Geely has entered into a letter of intent with Älvstranden Utveckling AB to acquire the land. Furthermore, Geely has had a tender procedure for the construction of the buildings and a preferred builder is appointed. The Geely project is one of the largest in Gothenburg.

The letter of intent between Geely and Gothenburg City was signed today (June 28, 2017) in Hangzhou, China. The Swedish prime minister Stefan Löfven witnessed the signing in person.

Geely has been represented by Delphi Law Firm in the project. Delphi’s team was led by Anders Hulegårdh and consisted of Anton Melander, Linda Kraemer, Amy Lindquist, Annika Bergman, Emil Åstradsson and Anna Schönning.

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