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Geely Automobile Announces Formation Of Joint Venture With Lifan Technology
Geely Automobile Says Nov Total Sales Volume Of Group Was 135,869 Units, Down 10%
Geely Automobile Says Oct Total Sales Volume Was 111,599 Units, Down 20%
Geely Automobile Holdings Ltd is an investment holding company principally engaged in the production and sales of automobiles. The Company mainly develops, manufactures and sells automobiles, including cars, sport utility vehicles (SUVs), new energy and electrified vehicles. The Company's car types include home, travel and sports. The Company's new energy and electrified vehicles include electric vehicles, battery electric vehicles, hybrid electric vehicles, mild hybrid electric vehicles and plug-in hybrid electric vehicles. In addition, the Company produces and sells automobile parts and related automobile components. The Company also sells licenses for its intellectual property.
Auto & Truck Manufacturers
Room 2301, 23F, Great Eagle Centre,
23 Harbour Road, Wanchai
Shu Fu Li
Executive Chairman of the Board
Sheng Yue Gui
Chief Executive Officer, Executive Director
Dong Hui Li
Executive Vice Chairman of the Board
Executive Vice Chairman of the Board
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China's Geely Automobile Holdings Ltd retained its annual sales target on Wednesday, betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the coronavirus pandemic.
China's Geely Automobile Holdings Ltd said on Wednesday its first-half net profit grew 4%, as sales in the world's biggest auto market recover from COVID-19 pandemic lows.
China's Geely plans to set up a firm to explore new approaches to product planning, marketing and sales of electric vehicles (EV), sources said, departing from industry convention whereby EVs are marketed and sold alongside traditional cars.
Geely Automobile Holdings plans to raise 20 billion yuan ($2.93 billion) from a public share sale on Shanghai's Nasdaq-style STAR Market to invest in new car models and technologies, exchange filings showed on Tuesday.
* Shares fall 4% after earnings results (Adds analyst comment, updates shares)
China's Geely Automobile Holdings Ltd said on Monday first-half net profit fell 43%, as the coronavirus outbreak slammed the brakes on auto sales in the world's biggest market.
* Says merger with Geely temporarily on hold (Adds comment on Volvo/Geely merger, background)
Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world's largest auto market.
China's Geely Automobile Holdings Ltd has launched an$836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters.
China's Geely Automobile Holdings Ltd said on Wednesday that it sold 105,468 vehicles in April, 2% higher than the same period last year, as world's biggest auto market recovers from the coronavirus.
China's Geely Automobile Holdings has no plans to invest in Italian truck maker Iveco, a company's spokesman told Reuters on Monday.
China’s most globally high-profile and successful carmaker, Geely, is forecasting flat sales this year, a sharp slowdown from 2018 as the country's giant auto market struggles with slowing economic growth and more cautious consumers.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.