Geely Automobile Holdings Limited is a Hong Kong-based investment holding company. The Company, along with its subsidiaries, is principally engaged in manufacturing and trading of automobiles and automobile parts and related automobile components. It operates in two segments: Automobiles and related parts and components, which includes the manufacture and sale of automobiles, automobile parts and related automobile components (excluding gearboxes), and Gearboxes, which includes the manufacture and sale of gearboxes. During the year ended December 31, 2010, the Company sold a total of 415,843 units of sedans. In 2010, the Company launched five new models, including EC8 large size sedans, GX2 hatchback and SC5-RV. In 2010, Zhejiang Geely Holding Group Company Limited acquired Volvo Car Corporation, which manufactures Volvo cars, a range of family sedans, wagons and sport utility cars, and had 2,500 dealerships in 100 markets.