Geely Automobile Holdings Ltd

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Geely Automobile Holdings Ltd. is an investment holding company, which engages in the research, production, marketing and sale of sedans and related automobile components. It operates through the following geographical segments: People's Republic of China, Malaysia, Eastern Europe, Middle East, Africa, Central and South America, and Other Countries. The company was founded on January 1, 1973 and is headquartered in Hong Kong.

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Global electric car sales June 2023 up 38% YoY to 19% share. China sales up 28% to 38% share. Europe up 42% to 25% share. USA up 38% to 9% share. EV market news - China 6b emission standard started on July 1. China to bolster its economy. U.S. proposes fuel economy standards for new vehicles to 58 mpg by 2032. EV company news - BYD smashes sales records in H1, 2023, selling 1.25M BEVs. Tesla Cybertruck orders surpass 1.9m, 5-year wait times. Volkswagen takes $700m stake in XPeng.

EV Company News For The Month Of July 2023

Farizon, a maker of hybrid and electric trucks owned by China's Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China.

Farizon, Geely's truck unit, raised $600M to expand outside China

China's Farizon, a maker of electric and hybrid trucks which is owned by automaker Geely , has raised $600 million in a Series-A funding round, the company said in a statement.

Geely truck unit, Farizon, raises $600 million in funding round

Chinese car maker Geely will invest $10 billion to develop Malaysia's main auto-making hub, state news agency Bernama quoted Prime Minister Anwar Ibrahim as saying on Tuesday,.

Malaysia PM says China's Geely to invest $10 bln in domestic auto hub -report

A new joint venture between Renault and Geely will see the pair commit to internal combustion engine cars despite a growing movement to battery-powered vehicles. Hybrid, hydrogen and synthetic-fuelled car engines and transmission systems will be produced by the new company, which will be headquartered in the UK and have production sites “in three continents”.

Renault, Geely deal marks backing for synthetic, hydrogen fuels

A joint venture between French car manufacturer Renault and Chinese counterpart Geely have decided to base its headquarters in the UK. The newly formed company will employ roughly 19,000 workers across 17 engine factories and five research and development hubs, according to a statement.

Renault and Geely engine JV picks UK headquarters

Carmakers Renault and Geely have announced a joint venture to build engines for hybrid and gasoline-powered vehicles, with the partners investing a maximum of €7 billion ($7.7 billion) in total.

Renault and China's Geely will invest up to $7.7 billion to build hybrid and gas engines

Renault Group and Geely signed a joint venture agreement, with each entity holding 50% stake in the new company, which aims to become the leader in next-generation hybrid and highly efficient powertrain solutions to meet worldwide demand for the years to come.

RENAULT GROUP: Renault Group and Geely Sign Joint Venture Agreement to Launch Leading Powertrain Technology Company

Geely Automobile Holdings Ltd and Renault SA signed a joint venture (JV) to engage in the powertrain business, the Chinese automaker said on Tuesday.

Geely, Renault sign JV to engage in powertrains business

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Global electric car sales for May 2023 were up 50% YoY to 16% share - China sales were up 54% to 35% share, Europe was up 38% to 23% share, USA was up 68% to 8% share. EV market news - Ford, GM and Rivian, Volvo & Polestar to join Tesla's EV charging network. Tesla becomes number 1 for plugin electric car sales in Europe in May. EV company news - BYD announces new Fang Cheng Bao brand. Tesla Model Y is America's No. 1 selling passenger car. GAC Aion aims to sell 500,000 BEVs this year.

EV Company News For The Month Of June 2023

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Swedish electric vehicle (EV) maker Polestar said on Monday it had formed a joint venture with Xingji Meizu to build an operating system for Polestar cars sold in China that will offer the latest smart technologies in its vehicles.

Polestar partners with Geely's Meizu to build Chinese operating system

Major Chinese automaker Geely is in the early stages of planning an entry to Thailand's electric vehicle (EV) market, including weighing models for import and local manufacturing, according to two people with knowledge of the discussions.

China's Geely in early talks to enter Thailand EV market

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Of 78 EV brands since Jan 2020, 12 are gone and 18 had April sales under 1,000. Only 7 brands (and 8 firms) averaged over 10,000 monthly sales Jan-Apr 2023. Battery EVs peaked at 25.2% of the market in Nov 2022 (22.1% in 2022Q4). In Apr, BEVs held 22.5% (21.4% in 23Q1). Rapid growth has ended.

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Geely Holding did a nice job restoring the economics for Volvo Car, and they can do the same for Aston Martin. Geely Holding is doing well with electrification, and they can help Aston Martin in this area.

Aston Martin: Impacted By Eric Li Shufu And Geely Holding

Lynk & Co, a carmaker jointly owned by China's Geely and Volvo Car , plans to open its first showroom in France by early 2024 and to expand in Europe, including Britain, its CEO and founder told Reuters.

Geely premium automaker Lynk looks to further European growth

Aston Martin jumped 14% as investors gave perhaps a slightly guarded response to the news that Chinese carmaker Geely is upping its stake to 17%. Geely has made a hefty commitment, investing £234mln in total through a combination of £95mln in new money and the purchase of a chunk of the stake held by chairman Lawrence Stroll's consortium Yew Tree.

Aston Martin up 14% as Geely makes big investment

Aston Martin Lagonda has received a shot in the arm from Chinese carmaker Geely, which is investing £234mln via £95mln of new money and buying a big chunk of major shareholder Yew Tree's stake. Already a 7.6% shareholder, Geely said its investment is designed to support Aston Martin's growth and vision to be the “world's most desirable ultra-luxury British performance brand”.

Geely doubles stake in Aston Martin with China the prize

Aston Martin's stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investment by China's Geely , that will see the automotive firm become its third-largest shareholder.

Aston Martin stock soars after $295 million Geely investment

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Global electric car sales for March 2023 were up 28% YoY to 16% share. China sales up 23% YoY to 34% share. Europe up 29% YoY to 23% share. EV market news - EPA proposes auto pollution limits to aggressively boost EV sales. IEA says "nearly one in five cars sold globally this year will be electric".

EV Company News For The Month Of April 2023

Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large electric-vehicle (EV) platform for vehicles ranging from people-movers to commercial vans that it said could also be used by other units of the Chinese carmaker.

Geely's London black cab unit unveils new large EV platform

Global electric car sales Feb. 2023 were up 49% YoY to 14% share. China sales up 56% YoY to 33% share. Europe up 14% YoY to 20% share. EV market news - EV demand sentiment was weighed on by some automakers in China heavily discounting ICE vehicles in advance of new emissions standards due July 1, 2023.

EV Company News For The Month Of March 2023

China's Meizu on Thursday unveiled its first smartphone products since it was taken over by a venture belonging to Zhejiang Geely Holding's (GEELY.UL) founder, with the firms saying it marked their first step to integrating consumer electronics and travel.

China's Meizu unveils first smartphones since deal with Geely founder

For 2023, Geely set a sales target of 1.65 million units and said it aims to double the share of new energy and electrified vehicle sales.

Geely shares jump after automaker beats revenue expectations for 2022

The electric vehicle industry has already passed $1 trillion in sales and is heading much higher. Leading the pack is, of course, Tesla (NASDAQ: TSLA ), which has become a dominant threat to every other auto company out there.

5 Tesla Killers Worth a Spot in Your 2023 Stock Portfolio

French car maker Renault SA signed a deal with Aramco and China's Geely Automobile Holdings Ltd in which the Saudi oil producer would become a potential minority stakeholder in a new powertrain technology company, the companies said in a joint statement on Thursday.

News for Geely Automobile Holdings Ltd Stock (GELYY)