Chinese vehicle manufacturing giant Geely has acquired a 7.6% stake in Aston Martin, completing a round of funding in which the British firm raised £654 million.
Geely, which owns LEVC, Lotus, Lynk&Co, Polestar, Volvo and half of Smart, was rumoured to be considering a stake in Aston Martin as far back as 2020, before Canadian billionaire Lawrence Stroll's Yew Tree consortium took control at Gaydon.
More recently, Aston Martin revealed that it had rejected a proposed £1.3 billion investment package from Atlas Consortium - a group led by Geely and Investindustrial, the Italian owner of Morgan.
