vested
GEELY AUTO Total Sales Vol. Grows 36% YoY in Oct, Up 10% in 10M22
GEELY AUTO (00175.HK) announced that the total sales volume of the Group during the month of October 2022 was about 152,300 units, an increase of approximately 36% from the same period last year and up approximately 17% from September 2022.
Over the first ten months of 2022, the total sales volume of the Group amounted to roughly 1.1419 million units, representing a YoY upsurge of 10%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
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Geely Automobile 0175
Re: Geely Automobile 0175
by winston » Mon Nov 07, 2022 5:23 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Geely Automobile 0175
by winston » Tue Dec 13, 2022 8:06 am
not vested
Geely's Zeekr aims for big US IPO
Zeekr, one of Chinese automaker Geely's upmarket electric vehicles brands, has confidentially filed for an initial public offering in the United States and aims to raise more than US$1 billion (HK$7.8 billion), sources have said.
In what would be the first major Chinese float in the US in over 18 months, Zeekr is seeking a valuation of more than US$10 billion.
The firm lodged its filings with US regulators last week and is planning to go public in New York as early as the second quarter of 2023. It had also considered Hong Kong as its listing venue but picked New York in the hope of achieving a higher valuation.
Zeekr is a non-wholly-owned subsidiary of Geely Automobile (0175) - which in October said it would spin Zeekr off, but did not identify a listing venue or the likely value of an offering.
The brand was established in April 2021 to tap into increasing Chinese demand for premium EVs.
It launched the 001 crossover - its first and only model - in China later that year and sets its sights on marketing in Europe next year.
The 001 model starts at 299,000 yuan (HK$333,050) - slightly more costly than Tesla's Model Y, which had a recent price cut. Zeekr has not announced pricing for overseas markets.
Meanwhile, Geely said it plans to acquire a 100 percent stake in Xi'an Geely for 382.45 million yuan from a sister company controlled by chairman Li Shufu.
Source: Reuters
https://www.thestandard.com.hk/section- ... big-US-IPO
Geely's Zeekr aims for big US IPO
Zeekr, one of Chinese automaker Geely's upmarket electric vehicles brands, has confidentially filed for an initial public offering in the United States and aims to raise more than US$1 billion (HK$7.8 billion), sources have said.
In what would be the first major Chinese float in the US in over 18 months, Zeekr is seeking a valuation of more than US$10 billion.
The firm lodged its filings with US regulators last week and is planning to go public in New York as early as the second quarter of 2023. It had also considered Hong Kong as its listing venue but picked New York in the hope of achieving a higher valuation.
Zeekr is a non-wholly-owned subsidiary of Geely Automobile (0175) - which in October said it would spin Zeekr off, but did not identify a listing venue or the likely value of an offering.
The brand was established in April 2021 to tap into increasing Chinese demand for premium EVs.
It launched the 001 crossover - its first and only model - in China later that year and sets its sights on marketing in Europe next year.
The 001 model starts at 299,000 yuan (HK$333,050) - slightly more costly than Tesla's Model Y, which had a recent price cut. Zeekr has not announced pricing for overseas markets.
Meanwhile, Geely said it plans to acquire a 100 percent stake in Xi'an Geely for 382.45 million yuan from a sister company controlled by chairman Li Shufu.
Source: Reuters
https://www.thestandard.com.hk/section- ... big-US-IPO
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Geely Automobile 0175
by winston » Wed Dec 14, 2022 4:42 pm
not vested
Geely CEO Daniel Li: NEV Accounts for Over 30% of Monthly Sales; Lynk & Co's Exports to Europe Normalize
Over the first ten months of 2022, Geely Holding Group achieved a total sales volume of 1.83 million units, of which more than 500,000 units were new energy vehicles (NEVs), meaning that NEVs accounted for more than 30% of the group's monthly sales volume and the figure is on track to surpass 50% in 2023, the automaker's CEO Daniel Li Dong Hui.
Year to date, Geely Automobile has exported over 160,000 units of vehicles, representing an rapid upsurge of roughly 90%, with its subsidiary brand Lynk & Co realizing normalized automobile exports to Europe, Li said.
Related News: C Suisse Slashes GEELY AUTO (00175.HK) TP to $14, Rating Outperform
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
Geely CEO Daniel Li: NEV Accounts for Over 30% of Monthly Sales; Lynk & Co's Exports to Europe Normalize
Over the first ten months of 2022, Geely Holding Group achieved a total sales volume of 1.83 million units, of which more than 500,000 units were new energy vehicles (NEVs), meaning that NEVs accounted for more than 30% of the group's monthly sales volume and the figure is on track to surpass 50% in 2023, the automaker's CEO Daniel Li Dong Hui.
Year to date, Geely Automobile has exported over 160,000 units of vehicles, representing an rapid upsurge of roughly 90%, with its subsidiary brand Lynk & Co realizing normalized automobile exports to Europe, Li said.
Related News: C Suisse Slashes GEELY AUTO (00175.HK) TP to $14, Rating Outperform
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Geely Automobile 0175
by winston » Fri Dec 16, 2022 3:46 pm
not vested
GEELY AUTO(175)
Analysis：
Recently, Geely Automobile announced that it planned to split the brand of Jikrypton and go public independently. Jikrypton submitted a possible IPO to the US Securities and Exchange Commission on December 7, 2022 New York time on a confidential basis.
After the split, Krypton will continue to be a non wholly owned subsidiary of the Company.
According to the 2022 interim report, Geely holds 58.31% of the shares of Krypton. The split ratio is between 5% and 25%.
The spin off helps investors better give the company a reasonable valuation, and focus on their own retained business.
At the same time, it provides Krypton with continuous, direct and independent access to the equity and debt capital markets when necessary, so as to enhance the value of Krypton and fully release its potential.
The average selling price of polar krypton is more than 300000 yuan. After the launch of 009, the unit price will be further improved.
In the future, the product matrix will be further enriched, the scale effect will be improved, and the profitability will be improved.
Strategy：
Buy-in Price: $11.50, Target Price: $14.20, Cut Loss Price: $10.00
Source: Phillips
GEELY AUTO(175)
Analysis：
Recently, Geely Automobile announced that it planned to split the brand of Jikrypton and go public independently. Jikrypton submitted a possible IPO to the US Securities and Exchange Commission on December 7, 2022 New York time on a confidential basis.
After the split, Krypton will continue to be a non wholly owned subsidiary of the Company.
According to the 2022 interim report, Geely holds 58.31% of the shares of Krypton. The split ratio is between 5% and 25%.
The spin off helps investors better give the company a reasonable valuation, and focus on their own retained business.
At the same time, it provides Krypton with continuous, direct and independent access to the equity and debt capital markets when necessary, so as to enhance the value of Krypton and fully release its potential.
The average selling price of polar krypton is more than 300000 yuan. After the launch of 009, the unit price will be further improved.
In the future, the product matrix will be further enriched, the scale effect will be improved, and the profitability will be improved.
Strategy：
Buy-in Price: $11.50, Target Price: $14.20, Cut Loss Price: $10.00
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 112006
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Re: Geely Automobile 0175
by winston » Fri Jan 13, 2023 10:25 am
not vested
Geely Holding: Total Car Sales Climb 4.3% YoY Last Yr; NEV Sales Top 640K Units
Geely Holding Group announced that the total vehicle sales last year exceled 2.3 million units, up 4.3% year-on-year.
Among which, sales of new energy vehicles (NEVs) surpassed 640,000 units, an upsurge of 100.3% year-on-year.
As to GEELY AUTO (00175.HK), the sales volume added 8% yearly in 2022 to 1.433 million units. Among which, sales of NEVs reached 328,700 units.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
Geely Holding: Total Car Sales Climb 4.3% YoY Last Yr; NEV Sales Top 640K Units
Geely Holding Group announced that the total vehicle sales last year exceled 2.3 million units, up 4.3% year-on-year.
Among which, sales of new energy vehicles (NEVs) surpassed 640,000 units, an upsurge of 100.3% year-on-year.
As to GEELY AUTO (00175.HK), the sales volume added 8% yearly in 2022 to 1.433 million units. Among which, sales of NEVs reached 328,700 units.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Geely Automobile 0175
by winston » Mon Jan 16, 2023 4:07 pm
vested
Geely Holding: 2022 Total Sales Top 2.3M Units, Up 4.3% YoY
Geely Holding Group announced that the total sales in 2022 surpassed 2.3 million units, representing an increase of 4.3% year-on-year.
Among which, the sales volume of new energy vehicles (NEVs) topped 640,000 units, soaring 100.3%. The NEV penetration rate hit 27.9%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
Geely Holding: 2022 Total Sales Top 2.3M Units, Up 4.3% YoY
Geely Holding Group announced that the total sales in 2022 surpassed 2.3 million units, representing an increase of 4.3% year-on-year.
Among which, the sales volume of new energy vehicles (NEVs) topped 640,000 units, soaring 100.3%. The NEV penetration rate hit 27.9%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Geely Automobile 0175
by winston » Wed Jan 18, 2023 7:58 am
vested
Geely closes in on Aramco deal
Renault and Geely Automobile (0175) are said to be working to finalize a deal to bring Saudi Arabian state oil producer Aramco in as an investor and partner, to develop and supply gasoline engines and hybrid technologies.
The Saudi giant was said to have been involved in advanced talks to take a stake of up to 20 percent in a powertrain company with a production capacity of more than five million "low-emission and hybrid engines and transmissions" annually.
Source: Reuters
https://www.thestandard.com.hk/section- ... ramco-deal
Geely closes in on Aramco deal
Renault and Geely Automobile (0175) are said to be working to finalize a deal to bring Saudi Arabian state oil producer Aramco in as an investor and partner, to develop and supply gasoline engines and hybrid technologies.
The Saudi giant was said to have been involved in advanced talks to take a stake of up to 20 percent in a powertrain company with a production capacity of more than five million "low-emission and hybrid engines and transmissions" annually.
Source: Reuters
https://www.thestandard.com.hk/section- ... ramco-deal
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Geely Automobile 0175
by winston » Mon Mar 06, 2023 5:22 pm
GEELY AUTO Feb Total Sales Vol. Swells 39% YoY to Almost 109K Units
GEELY AUTO (00175.HK) announced that the total sales volume of the Group during the month of February 2023 was 108,701 units, an increase of approximately 39% from the same period last year.
The aggregate sales volume of the first two months of 2023, on the other hand, dipped 6% YoY to 212,153 units.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
GEELY AUTO (00175.HK) announced that the total sales volume of the Group during the month of February 2023 was 108,701 units, an increase of approximately 39% from the same period last year.
The aggregate sales volume of the first two months of 2023, on the other hand, dipped 6% YoY to 212,153 units.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 112006
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Re: Geely Automobile 0175
by winston » Tue Mar 14, 2023 7:03 am
vested
Car firms roll out discounts across China
Geely Automobile (0175) is offering purchase sweeteners and extending a reduction in purchase tax with a subsidy of up to 30,000 yuan (HK$34,305).
The campaign runs till March 31 nationwide, and requires customers to spend 99 yuan to purchase coupons on Geely's mobile application to participate.
Shares of Geely dropped 2 percent to close at HK$9.28 yesterday.
Earlier this month, Hubei province kicked off "the biggest car-sale subsidy season" with cash-back offers starting from 5,000 yuan.
Source: Bloomberg
https://www.thestandard.com.hk/section- ... ross-China
Car firms roll out discounts across China
Geely Automobile (0175) is offering purchase sweeteners and extending a reduction in purchase tax with a subsidy of up to 30,000 yuan (HK$34,305).
The campaign runs till March 31 nationwide, and requires customers to spend 99 yuan to purchase coupons on Geely's mobile application to participate.
Shares of Geely dropped 2 percent to close at HK$9.28 yesterday.
Earlier this month, Hubei province kicked off "the biggest car-sale subsidy season" with cash-back offers starting from 5,000 yuan.
Source: Bloomberg
https://www.thestandard.com.hk/section- ... ross-China
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Geely Automobile 0175
by winston » Fri Mar 17, 2023 7:15 am
vested
Chinese billionaire sells €1.5 bil Daimler Truck stake
by Rafaela Lindeberg
Source: Bloomberg
https://www.theedgemarkets.com/node/659535
Chinese billionaire sells €1.5 bil Daimler Truck stake
by Rafaela Lindeberg
Divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly €1.5 billion (US$1.6 billion) at current market prices.
Source: Bloomberg
https://www.theedgemarkets.com/node/659535
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