Emerald Automotive LLC is a company specializing in the design, development and production of light-weight, low-emission and long-range commercial vehicles. Headquartered in Hazelwood, MO and incorporated in the United States in 2010, Emerald Automotive is now a wholly owned subsidiary of Zhejiang Geely Holding Group (Geely). Emerald has design facilities both in Europe and USA and is currently undertaking several whole vehicle design and development for Geely.
Geely acquired Emerald Automotive in February 2014 specifically to develop a complete family of commercial vehicles, utilising the technology for lightweight structures and hybrid drivetrains developed by Emerald Automotive. The first product currently in development is the all new low emission London Taxi. Emerald Automotive and Geely have plans to develop a range of commercial vehicles for entry into the North American market, investing directly in a new manufacturing plant in the United States and utilize the strong domestic automotive supply base and high quality labor force.
Geely are a very progressive Chinese company who uniquely acquire overseas automotive companies and then invest directly in the acquired company to develop the brands and intellectual property for global growth. To enter the European market they bought The Volvo Car Corporation in 2010 for $2.5 billion from Ford, and have an investment plan in Sweden, for new platforms and intellectual property in excess of $10 billion. Geely are also investing in new Volvo production facilities in both China and the USA. In 2013 Geely acquired the London Taxi Company in the UK and are currently investing over $300m to develop an all new taxi with Emerald Automotive and an all new assembly plant to produce the zero emission London taxi.
Geely has total operating revenues in excess of $24 billion, with an annual production capability of over 1,000,000 vehicles per annum. Geely sells its brands globally and its shares are listed on the main board of Hong Kong Stock Exchange. The Holding Group has a large international footprint and has over 18,000 employees globally. In addition, Geely Holding Group includes globally recognizable brands such as the Volvo Car Corporation, the London Taxi Company, Kandi and now Emerald Automotive.