Acquiring Company
Geely Automobile Holdings Limited
Acquired Company
Radar Auto
HangzhouShandongManufacturingAutomotiveManufacturingAutomotiveDescription
Geely Automobile Holdings has announced its acquisition of Radar Auto for approximately 218 million yuan. This acquisition will result in Radar Auto becoming a wholly-owned subsidiary, allowing Geely to integrate its new energy pickup business. The deal involves the purchase of three key units within Radar, enhancing Geely's position in the electric pickup market.
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Frequently asked
Who acquired Radar Auto?
Radar Auto was acquired by Geely Automobile Holdings Limited, based in Hangzhou. The deal was reported on May 22, 2026. Geely Automobile Holdings Limited is a major Chinese automotive manufacturer focused on the design and production of passenger vehicles. Geely Automobile Holdings Limited is publicly traded (GELHY) and operates in Manufacturing.
When did Geely Automobile Holdings Limited acquire Radar Auto?
Geely Automobile Holdings Limited's acquisition of Radar Auto was reported on May 22, 2026. Geely Automobile Holdings has announced its acquisition of Radar Auto for approximately 218 million yuan. This acquisition will result in Radar Auto becoming a wholly-owned subsidiary, allowing Geely to integrate its new energy pickup business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Radar Auto do?
Radar Auto was founded in 2021 as Geely's dedicated new energy pickup brand. It operates internationally under the name Riddara and specializes in electric pickups designed for outdoor and commercial use. It is privately held, operating in Manufacturing, and is based in Shandong.
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