Geely is a Chinese carmaker which sells cars under the brands Emgrand, Englon, Geely, Gleagle and Volvo, which it acquired from Ford Motor in 2010 for US$1.8 billion. A Geely unit is listed on the Stock Exchange of Hong Kong.

Geely sold 417,851 vehicles last year. Photo: Reuters

Carmaker Geely reports 46pc fall in profit as Russian woes bite

Mainland carmaker Geely Automobile posted a 46 per cent fall in profit last year, dragged down by lacklustre exports and losses on operations in Russia, but the company sees a better year ahead, with domestic sales expected to pick up.