News for Geely Automobile Holdings Limited (175N.MX)

Asian equities delivered a mixed performance overnight as the US dollar strengthened and Thailand underperformed among regional markets.

Asian equities were broadly higher overnight, led by gains in Taiwan, while Japan and Thailand underperformed as a CNN report on an Israeli strike against Iran’s nuclear facilities drew global attention.

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Geely Automobile has transformed into a leading EV player with substantial growth in BEV and PHEV sales, now comprising nearly 50% of total sales. Learn more on GELYF stock here.

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Innovative Technology Reshapes the New Energy Vehicle Landscape

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HANGZHOU, China, Nov. 14, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ('ZEEKR' or the 'Company') (NYSE: ZK), a global premium electric mobility technology company, today announced its entry into strategic integration transactions (the 'Strategic Integration Transactions') with certain Geely entities, including (i) Zhejiang Geely Holding Group Co., Ltd. ('Geely Holding'), a PRC limited liability company ultimately wholly-owned by Mr. Shufu Li and his associates, (ii) Volvo Cars (China) Investment Co., Ltd. ('VCI'), a wholly-owned PRC subsidiary of Volvo Car AB (XSTO: VOLCAR B) ('Volvo'), which itself is Geely Holding's indirect, non-wholly-owned subsidiary in Sweden, (iii) Ningbo Geely Automobile Industry Co., Ltd ('Ningbo Geely'), a wholly-owned PRC subsidiary of Geely Automobile Holdings Limited (HKEX: 0175) ('Geely Auto'), ZEEKR's controlling shareholder, and (iv) LYNK & CO Automotive Technology Co., Ltd. ('LYNK & CO'), a Chinese-foreign joint venture in China owned as to 50%, 20% and 30% respectively by Ningbo Geely, Geely Holding and VCI. LYNK & CO is principally engaged in the manufacture and sale of LYNK & CO brand vehicles and the after-sales parts.

China's push for autonomous vehicles is causing job security fears among drivers, but experts argue that new job opportunities are emerging.

I advise selling Tesla, Inc. stock as challenges in China and Europe, mixed Q2 earnings, and volatile performance weigh on share price. Click for my TSLA update.

'Aramco's investment is expected to directly contribute to the development and deployment of affordable, efficient, and lower-carbon emission internal comb...

owertrain solutions company. Aramco’s subsidiary pended the deals alongside Renault Group, …

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

AB Volvo's financial leverage rises as new orders decline. Shares don't reflect a minority discount. Click here to read an analysis of VLVLY stock now.

In this piece, we are going to look at 15 Best Selling Car Brands in the World. If you wish to skip directly to the top 5 best selling car brands in the world, you can go to 5 Best Selling Car Brands in the World. So, in the past year, the car industry had […]

In this article, we will discuss the 20 most valuable electric car companies in the world. This article will focus on recent industry trends and the major players in the industry. If you want to skip our analysis, you can proceed to the section highlighting the 5 Most Valuable Electric Car Companies in the World. […]

Welcome to the July 2023 edition of EV company news. Global electric car sales continue to rise, with China leading the way. Click here for a full overview.

Global electric car sales Feb. 2023 were up 49% YoY to 14% share. Read more about EV company news for March 2023 here.