Edition:
United States

Geely Automobile Holdings Ltd (0175.HK)

0175.HK on Hong Kong Stock

22.05HKD
25 Sep 2017
Change (% chg)

HK$-1.30 (-5.57%)
Prev Close
HK$23.35
Open
HK$23.60
Day's High
HK$23.60
Day's Low
HK$22.00
Volume
73,682,756
Avg. Vol
67,406,771
52-wk High
HK$24.70
52-wk Low
HK$6.71

Latest Key Developments (Source: Significant Developments)

Geely Automobile says not partnering with Zhejiang Geely Holding on deal with DRB-HICOM Bhd
Wednesday, 24 May 2017 04:32am EDT 

May 24 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:Noted press release made by Zhejiang Geely Holding Group on 24 May that it has reached a binding heads of agreement with DRB-Hicom.Clarifies it is not partnering with Geely Holding or providing financing to Geely Holding in relation to proposed transactions.Clarifies and confirms that it is not a party to proposed transactions.Company does not rule out possibility of exploring potential cooperation opportunities with Proton and/or Lotus.  Full Article

Geely Automobile revises upward group's FY sales volume target
Tuesday, 11 Oct 2016 04:39am EDT 

Geely Automobile Holdings Ltd <0175.HK> :revise upward group's fy sales volume target from 660,000 units by around 6% to 700,000 units, which is up around 37% from year 2015.  Full Article

Geely Automobile's August total sales volume was 53,638 units, up 69 pct y-o-y<0175.HK>
Monday, 5 Sep 2016 04:33am EDT 

Geely Automobile Holdings Ltd <0175.HK>: Total sales volume of the group for August 2016 was 53,638 units, an increase of approximately 69% over the same period last year . Group's exports volume was 2,612 units in August 2016, up around 49% from the same period last year .  Full Article

Geely Automobile says HY net profit RMB1.91 bln versus RMB1.40 billion<0175.HK>
Thursday, 18 Aug 2016 12:08am EDT 

Geely Automobile Holdings Ltd <0175.HK>: Announcement of interim results for the six months ended 30 June 2016 <0175.HK> . HY revenue RMB 18.09 billion versus RMB 13.81 billion . HY net profit RMB 1.91 billion versus RMB 1.40 billion . Says directors resolved not to pay an interim dividend to the shareholders of the company . Business environment in the group's key export markets remains uncertain . The group's exports business could continue to face tremendous challenges in the remainder of 2016 . Management is of opinion that group's overall performance in 2016 should exceed original expectations set at beginning of the year . Decided to raise the group's full year sales volume target from 600,000 units by 10% to 660,000 units, which is up 29% from 2015" . Group could face foreign exchange risk, particularly in emerging markets if it had local subsidiaries, associates or joint ventures in overseas export markets" .  Full Article

Geely Automobile says group's total sales volume for July was 48,522 units<0175.HK>
Wednesday, 3 Aug 2016 07:29am EDT 

Geely Automobile Holdings Ltd <0175.HK>: The total sales volume of the group for the month of July 2016 was 48,522 units . Group's exports volume was 2,203 units in July 2016, down around 18% from the same period last year . Decided to revise upward our original full year sales volume target by 10% from 600,000 units to 660,000 units .  Full Article

Geely Automobile enters into Master disposal agreement<0175.HK>
Monday, 25 Jul 2016 08:04am EDT 

Geely Automobile Holdings Ltd <0175.HK>: Master disposal agreement with Geely Holding at an aggregate consideration of RMB1.35 billion . Entered into master disposal agreement with Geely Holding .Agreement to dispose of group's 50% and 45% interests in the kandi jv and the zhidou jv to Geely Holding.  Full Article

Geely Automobile announces unaudited sales volume for June 2016<0175.HK>
Wednesday, 6 Jul 2016 05:23am EDT 

Geely Automobile Holdings Ltd <0175.HK>: Total sales volume of the group for the month of June 2016 was 46,574 units . Group's exports volume was 955 units in June 2016, down around 50% from the same period last year .  Full Article

Geely Automobile Holdings updates on acquisitions of Baoji target and Shanxi target<0175.HK>
Wednesday, 1 Jun 2016 10:20am EDT 

Geely Automobile Holdings Ltd <0175.HK>: Discloseable and connected transactions in relation to the acquisitions of the baoji target and the Shanxi target <0175.HK> . Jirun automobile (being the purchaser) and baoji Geely (being the vendor) entered into the baoji acquisition agreement . Jirun automobile has agreed to acquire, and baoji Geely has agreed to sell, the baoji purchase shares, for RMB702.2 million . Jirun automobile (being the purchaser) and Shanxi new energy entered into the Shanxi acquisition agreement . Shanxi new energy agreed to sell, Shanxi purchase shares, for RMB720.2 million .  Full Article

Geely Automobile Holdings Ltd - Volvo Cars recalls 59,000 cars over software fault - Reuters
Saturday, 20 Feb 2016 06:42am EST 

Geely Automobile Holdings Ltd:Geely-owned carmaker Volvo Car Group said on Saturday it was recalling 59,000 cars after some owners experienced their engines stopping and restarting while they were driving - RTRS."We have no information that this has led to any accidents," Volvo Car Group spokesman Stefan Elfstrom said.Elfstrom said owners of 2016 model 60 and 70 series cars were being told to take their vehicles to dealers to get the software fault corrected.Around 24,000 of the cars were sold in Sweden.  Full Article

UPDATE 1-Volvo rolls out compact SUV in latest upmarket move under Geely

MILAN, Sept 21 Volvo Cars showed off its first compact SUV on Thursday with the launch of its XC40 model, the latest in a sweeping overhaul of the carmaker's line-up under Chinese ownership.