Geely

"Geely Automobile Holdings Limited reportedly sells its products in Iran. In 2019, CalSTRS identified Geely Automobile Holdings Limited as potentially having ties to Iran and began the review process. The engagement has been delayed by shutdowns related to the COVID-19 pandemic. Accordingly, CalSTRS maintained an “Under Review” status in 2020." (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2020.pdf?1609284307)

"Zhejiang Geely Holding Group Chairman Li Shufu said Saturday his Chinese mass-market auto brand Geely can use technology from his Volvo brand and a newly streamlined brand strategy to get back on track for growth after a sharp sales drop in the first quarter. In an interview, Mr. Li said Geely ‘made some detours and made mistakes,’ but ‘now is the time to mend our fence. Now we're on the right track’…Geely's unit listed in Hong Kong posted first-quarter sales of 89,607 vehicles, down 37%. The company's export volume fell 55% to 6,829 cars in the first two months of this year. It exports cars to Russia, Ukraine, Saudi Arabia, Iran and Egypt.” (Wall Street Jouranl, “Geely Says Volvo Technology, New Brand Strategy Can Get It Back on Track,” 4/20/14) (http://online.wsj.com/news/articles/SB10001424052702304311204579511523586230160)

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Geely maintains a Geely Iran website, as well a dealership in Tehran, known as Geelran. (http://geelran.com/) (http://www.geelran.com/contactus)

In 2019, CalSTRs listed Geely Automobile Holdings Limited as under review for reportedly selling its products in Iran. (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2019.pdf?1577750493)

“On the north Tehran stretch of the busy Shariati Street, the newly opened car dealership, Geelran, offers a range of Chinese-made vehicles to middle-class city dwellers. A stone's throw from the former grounds of the British embassy, left vacant after a hostile takeover by anti-western demonstrators in late 2011, the new headquarters of the Geely brand is the second Chinese automobile manufacturer in Iran…Meanwhile, Geely's Emgrand EC7 hatchback has a slightly lower price range (38.7m tomans), suggesting that Zhejiang Geely Holding Group is angling to attract a slice of the local consumer market as sanctions make western-made goods difficult to come by – but at a quality experts say is far lower than the European-made cars it imitates.” (The Guradian, “China floods Iran with cheap consumer goods in exchange for oil,” 2/20/13)  (http://www.theguardian.com/world/iran-blog/2013/feb/20/china-floods-iran-cheap-consumer-goods)

In 2018, the Financial Tribune reported, “Iranian automotive firm Arian Khodro Pars has brought several units of Geely cars into the country to be tested by Institute of Standards and Industrial Research of Iran and the Ministry of Industries so as to obtain clearance for mass imports. The First Geely units are expected to enter the Iranian auto market by the coming summer…During the closing days of the last Iranian year which ended in March, Arian Khodro signed a contract with the Chinese automaker over imports of Geely cars into Iran.” (https://financialtribune.com/articles/economy-auto/87708/imported-geely-cars-poised-for-summer-debut-in-iran)

"Private automaker Bam Khodro has launched a production line for China’s Geely GC6 sedan, in the city of Bam in central Kerman Province." (May 2017) -- (https://financialtribune.com/articles/economy-auto/64477/production-of-geelys-gc6-begins-in-iran)

Geely owns Swedish car manufacturer Volvo, which has a history of doing business in Iran. (http://unitedagainstnucleariran.com/company/volvo-cars)

"Iran totally imported 51,967 cars in the first half of the current Iranian calendar year (March 21 - September 22). Hyundai with 24,991 cars was the main exporter of cars to Iran in the mentioned period, Peykhabar News Website reported on Nov. 15. Kia Motors with 9,339 cars, Geely with 5,783 cars..." (Trend, "Korea’s Hyundai gains lion share of Iran’s car imports market," 11/16/14) (http://en.trend.az/iran/business/2333503.html)