On June 23, The National Agency for the Prevention of Corruption (NAPC), Ukraine, added Chinese company Zhejiang Geely Holding Group Co., Ltd. (Geely) to the list of international sponsors of the war.
NAPC stated that Geely continues to pay taxes to the Russian budget, actively supports its economy, and, accordingly, sponsors aggression against Ukraine.
Sales of cars under the Geely brand in Russia in the first three months of 2023 more than doubled compared to last year, from 5,543 units to 12,673 units. Geely continues to present and sell new models of cars of its brand in the Russian Federation. On June 27, Volvo Cars stated that it does not comment on the decisions and actions of other companies, including its shareholders.
Based on press release from National Agency for the Prevention of Corruption (NAPC)/ Volvo Cars