China’s Geely acquires US flying-car startup Terrafugia Bhawna Gupta November 14, 2017 PremiumChinese billionaire Li Shufu’s Zhejiang Geely Holding Group has completed the acquisition of Terrafugia Inc, a US-based company for an undisclosed sum, according to a statement. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at email@example.com.