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.

Geely Automobile (GELYY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Geely Automobile (GELYY) Rating Upgrade to Buy

Here is how Geely Automobile Holdings Ltd. (GELYY) and CarGurus (CARG) have performed compared to their sector so far this year.

Are Auto-Tires-Trucks Stocks Lagging Geely Automobile (GELYY) This Year?

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China's Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD ,.

Chinese automaker Geely steps up challenge to BYD with new hybrid tech

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The European Commission on Friday announced that it had garnered sufficient backing in a vote among EU members to implement tariffs as high as 45% on imports of electric vehicles manufactured in China, marking the bloc's most significant trade case and provoking the possibility of retaliation from Beijing.

EU pushes ahead with tariffs on Chinese EVs despite divided support

Chinese carmaker Geely is scouting locations for a plant in Europe but has not committed fully to building up local production, executives from the car conglomerate said in interviews with Reuters in Frankfurt.

China's Geely scouting locations for Europe plant

FRANKFURT, Germany--(BUSINESS WIRE)--The "Geely Global Test Base No. 5 – European Test Base" has recently been formally unveiled in Frankfurt, Germany, signaling the initialization of Geely's global development and validation system. The European Test Base is distinguished by its exceptional vehicle tuning and testing capabilities. It has successfully forged robust partnerships with leading global automotive suppliers, including Continental, Bosch, Lear, and Schaeffler. Additionally, the base h.

Geely Unveiled European Test Base, Kicking off Construction of Global Development and Validation System

State-controlled oil company Saudi Aramco does not plan to increase its 10% stake in fuel-based engines joint venture Horse Powertrain while it continues to pursue more deals to expand its downstream presence, a senior executive told Reuters.

Aramco still pursuing deals while keeping Renault-Geely engine jv stake at 10%, executive says

China's Geely Automotive, owner of Volvo, Polestar and Lotus in the West and regional brands such as Proton and Zeekr, announced a 575% increase in profits in the first half of the year.  Revenue of RMB 107.305 billion ($15 billion) was up 46.6% year on year, while net profit jumped to RMB 10.598 billion ($1.5 billion).

China's Geely Automotive revs up profits 575%

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Global electric car sales June 2024 up 15% YoY to 22% share. China sales up 23% to 49.9% share. Europe down 5% to 22% share. USA down 3.8% to 9.10%. EV market news - EU puts tariffs on China EVs. China doubles cash subsidies to replace ICE cars. U.S. EV sales reach new record in Q2 2024, up 11.3% YoY. EV company news - Tesla delays robotaxi event to October. JPMorgan hikes BYD's PT by more than 80% on outlook (to HKD 475). Volvo June electric car sales up 41%.

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Global electric car sales in May 2024 are up 23% YoY to 20% share. China sales up 33% to 47% share. Europe is down 10% to 21% share. The USA is up 3.2% to 8.74%. EV market news - EVs pass a key measure of 'Price Parity' in the US. EU to slap tariffs of up to 48% on EV imports from China. EV company news - BYD is in final talks for a Mexico factory. Musk lays out his Tesla targets for Robotaxis & Optimus humanoid robots (~$30T combined).

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Aramco to acquire 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company established by Renault Group and Geely

Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engine joint venture between Renault and Geely , the Chinese automaker said on Friday.

Aramco to buy 10% stake in Renault, Geely thermal engines JV

Chinese automaker Geely (GEELY.UL) on Thursday expressed "great disappointment" in the European Union's decision to increase tariffs on Chinese-made electric vehicles, vowing "all necessary measures" to safeguard its legitimate rights.

China's Geely expresses disappointment in EU tariff decision, vows 'necessary measures' to safeguard rights

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Shares of Chinese EV makers mostly surged on Thursday morning after the EU slapped higher tariffs of up to 38% on Chinese EVs a day earlier. "The move is modest compared with the stiff 100% tariffs on Chinese EV imports into the U.S., hiked from 25% last month," said Vincent Sun, equity analyst at Morningstar, in a Wednesday note.

Chinese EV stocks surge after EU slaps up to 38% additional import tariffs

French automaker Renault and Chinese peer Geely on Friday announced the creation of a 50-50 joint venture for hybrid and combustion powertrain components and systems.

Renault, Geely create joint venture for hybrid, combustion engines

Renault Group and Geely announce the creation of leading Powertrain Technology Company, “HORSE Powertrain Limited”

Renault Group: Renault Group and Geely announce the creation of leading Powertrain Technology Company, “HORSE Powertrain Limited”

China's Geely Holding Group (GEELY.UL) on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine.

China's Geely to launch hybrids with more fuel-efficient engines

Chinese automaker Geely and Israeli auto safety technology startup Foretellix formed a strategic partnership to accelerate safe large-scale development of self-driving vehicles, the two companies said on Tuesday.

Geely, Foretellix partner to jump-start self driving car development

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EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.

Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China

Here is how Geely Automobile Holdings Ltd. (GELYY) and OPENLANE (KAR) have performed compared to their sector so far this year.

Is Geely Automobile (GELYY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?

Geely Automobile (GELYY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Geely Automobile (GELYY) Upgraded to Strong Buy: What Does It Mean for the Stock?

Geely achieved a +7% earnings beat for FY 2023, thanks to better-than-expected revenue growth and margin expansion. There are a number of re-rating catalysts for Geely this year, such as robust sales volume growth driven by new launches and favorable government policies. The company's above-expectations net profit last year and the presence of multiple catalysts for 2024 are good reasons to be bullish on Geely.

Geely: Bullish On Q4 Earnings Beat And Re-Rating Catalysts

Geely Automobile Holdings Limited (GELYF) Q4 2023 Earnings Call Transcript

The electric car rush is creating demand for in-vehicle tech that companies from Nvidia to Huawei are chasing.

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