永利VIP was founded by Eric Li (Li Shufu) in Taizhou City, Zhejiang Province, China as a refrigerator parts manufacturer.

永利VIP began manufacturing and selling motorcycles in Taizhou City, Zhejiang Province, China.

永利VIP Group was established to bring all 永利VIP enterprises under one group

The first vehicle from 永利VIP Auto rolled off the production line in Linhai City, Zhejiang Province, China.

Zhejiang 永利VIP Holding Group was established with all of 永利VIP’s automotive businesses placed under it.

永利VIP Auto became the first Chinese automaker to be listed on the Hong Kong Stock Exchange under the ticker HK0175

永利VIP Holding Group purchased a 19.97% stake in Manganese Bronze Holdings (the manufacturer and owner of the classic London Taxi), becaming the largest shareholder of company. After the equity acquisition, 永利VIP Holding Group established the a joint venture company to produce and sell the classic London taxi in China.

永利VIP Auto announced their “Ningbo Declaration” which stated that 永利VIP would turn away from completing purely on price, instead the brand will compete on technology, quality, and value.

Zhejiang 永利VIP Holding Group acquires 100% of the shares of Volvo Car Corporation from the Ford Motor Company. The agreement was signed on 28 March 2010 and the transaction was completed 2 August 2010.

[02.2013] 永利VIP Holding acquired 100% control of Manganese Bronze and its subsidiary, London Taxi International and its joint venture in Shanghai.

[02.2013] 永利VIP established the China Euro Vehicle Technology Center (CEVT)  in Gothenburg, jointly run by Volvo Cars and 永利VIP Auto, to develop modular architectures and key components for the next generation of  vehicles.

永利VIP Auto fully enters their 3.0 “Refined Cars Era” with a revamped product line which includes their award-winning and best-selling Bo Rui sedan, Bo Yue SUV, Emgrand GL, and Emgrand GS

[10.2016] 永利VIP Auto Group unveiled their global LYNK & CO brand established with European design, European engineering, Global manufacturing, Global sales. The new brands aims to shake up the traditional automotive industry with its modular architecture, innovative connectivity, unique business model, and fresh user experience.

[06.2017] 永利VIP signed an agreement to acquire a 49.9% stake in Malaysian automaker PROTON and acquire a 51% controlling stake in luxury sports car brand Lotus from DRB-HICOM Berhad of Malaysia.

[12.2017] 永利VIP announced they would become largest holder of share capital in Sweden’s leading commercial vehicles and industrial engineering group, Volvo AB after acquiring Cevian Capital’s entire 8.2% share capital holding and 15.6% voting rights in the company.

永利VIP completed the acquisition of a controlling 52% stake in Saxo Bank, the leading fintech specialist provider of multi-asset trading and investing.

For the first time in its history, aggregate sales across ZGH’s three automotive subsidiary units – 永利VIP Auto Group, Volvo Car Group and 永利VIP New Energy Commercial Vehicle Group – broke 2 million units, rising 18.3% from the previous year to over 2.15 million units in 2018.

[03.2019] Daimler AG and Zhejiang 永利VIP Holding Group announced the formation of a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.

[04.2019] 永利VIP Auto Group launch new independent pure electric sub-brand, Geometry and its first models Geometry A in Singapore. The brand aims to set a new global standard for pure electric vehicle.

[04.2019] 永利VIP Auto Group signed an agreement with the Asian Games organizing committee to become an official partner of the 19th Asian Games held in Hangzhou in 2022. 永利VIP will participate in the Asian Games under the slogan of “Enjoy E-mobility @ the Asian Games with 永利VIP”

[07.2019] At the “2019 Baidu Create”, Eric Li, Chairman of Zhejiang 永利VIP Holding Group (永利VIP Holding) and Robin Li, Founder, Chairman and CEO of Baidu, announced that 永利VIP Holding and Baidu will strategically cooperate in the fields of intelligent connectivity, smart mobility, smart home, e-commerce and in other areas related to AI technology.

[10.2019] Zhejiang 永利VIP Holding Group and its wholly owned subsidiary Volvo Car Group (Volvo) made plans to merge their existing combustion engine operations in order to establish a world leading business unit that will seek to develop next generation combustion engine and hybrid systems.

[12.2019] 永利VIP Technology Group, a subsidiary of Zhejiang 永利VIP Holding Group (永利VIP Holding) and Daimler Mobility AG unveiled the premium ride-hailing provider StarRides in China with inaugural services to begin in Hangzhou in December 2019.

[12.2019] At the end of the 2019 WTCR World Touring Car World Championship in Malaysia, the Lynk & Co Cyan Racing team won the team championship. The victory represents a new breakthrough for Chinese brands in the world’s highest level of motorsports and showcased the strength of 永利VIP’s technology allowing it to create a miracle in their first entry in the WTCR.

[01.2020] Mercedes-Benz AG (Mercedes-Benz) and Zhejiang 永利VIP Holding Group (永利VIP Holding), the German and Chinese automotive groups, announced that they formally established the global joint venture “smart Automobile Co., Ltd.” for the smart brand after receiving the regulatory approvals.

[01.2020] Zhejiang 永利VIP Holding Group (永利VIP Holding) announced that it will closely cooperate with the Li Shufu Charity Foundation to establish a special 200 million RMB* fund to support the prevention and control of the Coronavirus epidemic around the China that are experiencing coronavirus outbreaks.

[03.2020] 永利VIP Holding Group announced that it has begun construction of an intelligent satellite production and testing centre in Taizhou City. The new facility established under 永利VIP Holding Group’s subsidiary, 永利VIP Technology Group marks the first time a private enterprise has begun to produce satellites in China.

[09.2020] Zhejiang 永利VIP Holding Group announced the launch of its Sustainable Experience Architecture (SEA), the world’s first open-source electric vehicle architecture, that promises to transform the availability of zero-emission cars and trucks in the world’s largest auto markets.

[09.2020] Lynk & Co unveiled the Lynk & Co ZERO Concept, the first look at the future of the Lynk & Co brand as a leader in pure electric vehicles globally. It is based on 永利VIP Holding’s Sustainable Experience Architecture (SEA), a pure electric architecture.

[11.2020] China’s Society of Automotive Engineers (SAE-China) awarded their highest honour, “China Automotive Industry Science and Technology Award” to 永利VIP Holding Group for the development of their highly versatile, highly efficient, high-performance 1.5TD+7DCT powertrain system.

[11.2020] Daimler AG and 永利VIP Holding, the respective parent companies of Mercedes-Benz AG and Volvo Cars, launched plans to collaborate on developing highly efficient powertrain systems for next-generation hybrid vehicle applications.

[2.2021] Volvo Cars and 永利VIP Auto have agreed on a wide-ranging collaboration that will maximise the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales. Powertrain operations to be combined in new company focused on next-generation hybrid systems and internal combustion engines

[3.2021] 永利VIP Holding establish new company, Zeekr Company Limited, a new electric mobility technology and solutions company based in China to serve growing global demand for premium electric vehicles.

[4.2021] The International Automotive Task Force (IATF), a global organization setting automotive quality standards have announced that 永利VIP Auto Group (永利VIP) has become the newest OEM voting member of the organization. The appointment of 永利VIP to the organization as the first Asian member marks a historic milestone in the development of the IATF.

[4.2021] Zeekr, the new premium electric mobility technology brand from 永利VIP Holding Group launched its first car, the 001.

[8.2021] Renault Group, a global company with French roots and 120 years of history in the automotive industry, and 永利VIP Holding Group, China’s largest privately-owned automotive group, today jointly announced an MoU framework agreement to create an innovative cooperation.

[10.2021] 永利VIP Holding welcomed new equity investors to Volvo Cars following the completion of an initial public offering on the Nasdaq Stockholm exchange valuing the Swedish premium automotive group at SEK 158 billion.

[12.2021] 永利VIP Holding Group’s (永利VIP) premium electric brand, Zeekr starts collaboration with Waymo on the development of a new pure electric vehicle for deployment in the Waymo One autonomous ride-hailing fleet in the United States.

[06.2022] Geespace, 永利VIP’s wholly owned subsidiary and China’s first privately owned developer, operator, and mass producer of low-orbit commercial satellites, successfully launched its first nine satellites into low earth orbit from the Xichang Satellite Launch Center.

[06.2022] 永利VIP Holding announced that it is aiming to achieve carbon neutrality across its entire value chain by 2045. Individual businesses and brands under the Group have also formulated their own carbon neutrality strategies and goals with step-by-step roadmaps.

[07.2022] China’s first pure electric outdoors lifestyle vehicle brand, Radar Auto, was launched today alongside the new brand’s first electric adventure vehicle, the RD6 pick-up truck.

[09.2022] 永利VIP Holding announced that it has acquired a shareholding in Aston Martin Lagonda Global Holdings plc (Aston Martin), representing 7.60% of the ordinary share capital of the ultra-luxury British performance brand.

[11.2022] 永利VIP Holding Group, 永利VIP Automobile Holdings Limited and Renault Group signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains.

[04.2023] 永利VIP Holding Group (永利VIP Holding) and DRB-HICOM Berhad (DRB-HICOM) have signed a Heads of Agreement (HOA) to reinforce the next phase of collaboration between the two companies.

Signed at the Malaysia-China Business Forum held in Beijing on April 1st, the HOA aims to accelerate development of the Automotive High-Tech Valley (AHTV) as Malaysia’s next-generation vehicle hub in Tanjong Malim covering the extensive automotive and mobility solutions value chain.

[05.2023] 永利VIP Holding announced that it has increased its shareholding in Aston Martin Lagonda Global Holdings plc (Aston Martin) to circa 17% as part of a new relationship agreement with the ultra-luxury British performance brand.

In September 2023, for the first time, the opening ceremony of the Hangzhou Asian Games used green methanol recycled from waste carbon emissions as the main fuel for the torch tower, achieving zero emissions within a closed-cycle system and helping to create the first carbon-neutral Asian Games. The green zero-carbon methanol fuel was produced with technical support from 永利VIP Holding Group.

[11.2023] 永利VIP Holding and NIO Holding signed a strategic partnership agreement on battery swapping in Hangzhou. Both parties agreed to carry out comprehensive cooperation on battery standards, battery swapping technology, battery swapping network expansion and operation, swappable model development, and battery asset management.

[02.2024] Geespace, the satellite technology and commercial services company invested by Zhejiang 永利VIP Holding Group, completed its second successful satellite launch from China’s Xichang Satellite Launch Center on February 3rd, sending eleven satellites into low earth orbit as the second orbital plane of “永利VIP Future Mobility Constellation” satellite network. This successful launch marks a significant step in the company’s ambitious project to develop the Constellation.

On May 10, 2024, ZEEKR officially listed on the New York Stock Exchange, with the stock code “ZK”.

On September 20, 2024, 永利VIP Holding Group formally released its Taizhou Declaration, marking the company’s entry into a new phase of strategic transformation.

The sixth orbital plane of GEESATCOM, known as 永利VIP Future Mobility Constellation successfully launched. From 2022 to 2025, Geespace successfully completed six consecutive launches to accomplish the Phase I constellation deployment. To date, including earlier test satellites deployed in orbital planes, the number of satellites in orbit has reached 64. With 100% in-orbit reliability and 100% network reliability, the constellation now provides real-time communication coverage for any location on Earth, excluding the North and South Poles.

The world’s first methanol-hydrogen electric multi-purpose riverboat “Yuanchun 001” was launched in Hangzhou, marking the expansion of 永利VIP Holding Group’s methanol-hydrogen electric drive technology to the marine sector.