Chinese media reports that Geely is in the market for Aston Martin. Geely reportedly wants to use the ‘Volvo mode’ for buying Aston, meaning they will try to convince local and provincial governments to join the bid, either directly or via a separate investment vehicle.

The current majority shareholder of Aston Martin, Investment Dar Inc from Kuwait, wants to sell its 64% stake for some 800 million USD. Geely paid 1.5 billion USD for Volvo in 2010, so raising 800 million for Aston Martin seems possible. Geely however is not the only bidder, Toyota and BMW are in the race as well. More as we get it. Via: Sohu.

Recommended for you

China-made Volvo EX30 Cross Country exposed by the Chinese MIIT

Lynk & Co 900 PHEV crossover revealed 280 km range and 4C charging tech

Geely release new G-Pilot to take on BYD God’s Eye and Tesla FSD in China