Skip advert
Advertisement

Geely invests £234 million in Aston Martin shares to support brand revival

Geely has become Aston Martin’s third largest shareholder as the British firm approaches a new era of more advanced, re-engineered models

Aston Martin badge

Geely’s presence in the European car market is continuously expanding; the Chinese firm behind Lotus, Polestar and Volvo has a knack for nurturing stagnant brands to success, and Aston Martin is next in line. By investing £234 million in shares, Geely has gained 17 per cent ownership of the brand, becoming Aston Martin’s third largest shareholder.

Advertisement - Article continues below

The announcement comes as Aston Martin embarks on a new era of more advanced and luxurious GTs, SUVs and supercars under executive chairman Lawrence Stroll. The first of these new models will be the DB12, which will launch next week with radical engineering and interior upgrades over the existing DB11.

The Lawrence Stroll-led Yew Tree Consortium continues to hold the largest stake in Aston Martin at 21 per cent, sitting above the Public Investment Fund of Saudi Arabia which owns 18 per cent of the firm. To increase its ownership to 17 per cent, Geely has acquired shares from the Yew Tree Consortium along with new shares, the latter of which will provide Aston Martin with a £95 million cash injection.

As part of its investment, Geely has the right to appoint a non-executive director to represent it among Aston Martin’s board of directors, but an agreement has been struck to cap its shareholding at 22 per cent until August 2024. Until the same date, Lawrence Stroll’s firm cannot exceed 25 per cent ownership.

‘This announcement is a further significant step towards delivering our ambition for Aston Martin,’ said Stroll. ‘Geely Holding, who initially became a shareholder last year, sees tremendous potential for Aston Martin's long-term growth and success.

‘They offer us a deep understanding of the key strategic growth market that China represents, as well as the opportunity to access their range of technologies and components. We remain on track to deliver our strategic objectives and starting this month we will bring to market our new portfolio of game-changing sports cars.’ 

Skip advert
Advertisement

Recommended

Inside Aston Martin’s bold comeback plan – from CEO, Adrian Hallmark
Adrian Hallmark Aston Martin CEO
Features

Inside Aston Martin’s bold comeback plan – from CEO, Adrian Hallmark

With a raft of new models on the way and a ‘boring’ but vital plan to sort logistics and manufacturing, Aston Martin CEO Adrian Hallmark goes for a dr…
2 Jun 2025
Aston Martin is first to adopt Apple CarPlay Ultra with system-wide software overhaul
 Aston Martin Apple CarPlay Ultra
News

Aston Martin is first to adopt Apple CarPlay Ultra with system-wide software overhaul

Aston Martin’s lineup will receive Apple’s long-awaited CarPlay Ultra as standard, bringing a new look and improved functionality to the range
15 May 2025
Skip advert
Advertisement

Most Popular

Are classic cars as good as we remember them?
Eras 80s
Opinion

Are classic cars as good as we remember them?

Looking back, were we viewing the ’80s and ’90s through rose-tinted glasses? Or were they in fact the definition of the thrill of driving?
16 Oct 2025
Used Ford Focus ST Edition (Mk4, 2021 - 2025) review – a Honda Civic Type R rival for £20k
Ford Focus ST Edition
Reviews

Used Ford Focus ST Edition (Mk4, 2021 - 2025) review – a Honda Civic Type R rival for £20k

The Ford Focus ST Edition turns an already-capable hot hatch package to 11, and now you can find used examples for much less than they were when new
10 Oct 2025
Best British cars – the cars for Great Britain to be proud of
Best British cars
Best cars

Best British cars – the cars for Great Britain to be proud of

Britain still makes great cars, from luxury land yachts to scintillating sports cars to visceral supercars
13 Oct 2025