Press Releases

Li Shufu - Chairman of the Board of Directors, Volvo Car Corporation




Present positions: Chairman of the Board of Directors, Volvo Car Corporation

Founder and Chairman, Zhejiang Geely Holding Group

Born: 1963 in Taizhou city, Zhejiang province in China


Education: MSc in mechanical engineering from Yanshan University and BSc in management engineering from Harbin University of Science & Technology

Mr. Li Shufu was born in Taizhou City, Zhejiang Province, China in 1963.  He holds a bachelor's degree in management engineering from Harbin University of Science & Technology, and a master degree in mechanical engineering from Yanshan University.  He is Vice Chairman of the China Association of Automobile Manufacturers ("CAAM"), Vice Chairman of the Chinese Non-Government Education Association and a member of the National Committee of the Chinese People's Political Consultative Conference ("CPPCC").


Mr. Li started his career in the refrigerator and refrigerator parts manufacturing business in 1986, and then transferred to motorcycle manufacturing in 1993.  In 1997, he entered the automobile manufacturing industry and has been fully devoted to the development of China's auto industry over the last two decades.  He is the founder of Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding Group"), one of the fastest growing private automobile enterprises in China.


Under Mr. Li's leadership, Geely Holding Group has been committed to independent innovation and development, and achieved major breakthroughs in engine, transmission and other core technologies in the automobile industry. Geely Holding Group has been undergoing a strategic transformation since 2007, and launched a series of competitive models into the Chinese market and has introduced some to overseas market.  On 28th March, Geely Holding Group signed a Definitive Stock Purchase Agreement with Ford Motor Company to acquire 100% of Volvo Car Corporation.  The acquisition was completed on 2nd August, 2010.


Mr. Li has received numerous accolades, including the "Top 10 Private Sector Entrepreneurs in China", "Outstanding Figures in Chinese Automotive Industry", "Top 10 Philanthropists in China" and 2009 CCTV Top 10 Businessmen of the Year.


Volvo People, Corporate
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