Skip to content
Markets
Deals

Geely’s Chinese Billionaire Eyes Bigger Aston Martin Stake

  • Li Shufu said to consider up to 10% in UK carmaker over time
  • Investment could help boost collaboration with Aston Martin
Li Shufu
Li ShufuPhotographer: Qilai Shen/Bloomberg
Updated on

Chinese billionaire Li Shufu is considering boosting his stake in Aston Martin Lagonda Global Holdings Plc over time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter.

Li, whose Zhejiang Geely Holding Group Co. acquired a 7.6% stake in the quintessentially British brand last month, is interested in raising that shareholding close to 10% in the future, the people said, asking not to be identified as discussions are private. Such a move could pave the way for more sharing of technology and electrification know-how.