Founded in 1986, Zhejiang Geely Holding Group (Geely) began to specialise in the automotive industry in 1997 and over the following years, focused on technological innovation, and personnel training. With total assets of more than RMB 100 billion, Geely has been one of the China's top 500 companies for ten consecutive years, and has been ranked in the top 10 automotive manufacturers for eight consecutive years. In addition, it is recognised as the “Innovative Enterprise of China” and “Complete Vehicle Export Base of China”. The total operating revenue of Geely has reached USD 23.3557 billion (approx. RMB 150 billion). On July 2012, Geely was listed in Fortune Global 500 as the only private automotive enterprise from China(source from:http://global.geely.com/geely_overview.php).