The range extender hybrid should enter production this year.
"No current car industry player is likely to win this battle against the invaders from outside without friends... One has to adapt a new way of thinking in terms of sharing and combining strength. My investment in Daimler reflects this vision," Li said.
Here's what's next as Geely looks to Volvo trucks, reportedly buys a stake in Daimler.
The all-new metal would be the brand's first since 2009.
Geely's expertise in the Chinese market and skills in developing electric and autonomous vehicles should help the truckmaker to expand.
"We have in the Western world an outrageous arrogance. We think we're ahead. It's going to change."
South Carolina plant will add another 2,500 workers to the 2,000 already being recruited.
But Geely says it could be a good move for other brands.
Volvo, Geely, and Lynk & Co. will share vehicle architecture and engine technology.
Look, up in the sky, it's a Volvo.
London Taxi Co. shows off a prototype of an electric TX5 with a range extender at UK's Goodwood Festival of Speed.
But it will still do performance upgrades.
Geely Holding will acquire a controlling interest in British sports car maker Lotus Cars.
Car sales will be concentrated in China.