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Geely Automobile Holdings Ltd (0175.HK)

0175.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Geely Automobile Holdings posts Oct total sales volume of 125,118 units​
Monday, 6 Nov 2017 03:45am EST 

Nov 6 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:‍Total sales volume of group for month of october 125,118 units​.  Full Article

Geely Automobile Holdings says ‍Genius AFC and LYNK & Co Sales enter LYNK & Co Finance Cooperation Agreement​
Friday, 3 Nov 2017 06:58am EDT 

Nov 3 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:‍Genius AFC and LYNK & Co sales entered into LYNK & Co Finance Cooperation Agreement​.‍Pursuant to agreement Genius AFC will provide vehicle financing services to LYNK & Co dealers.  Full Article

Geely Automobile says unit to dispose entire equity interests in Lynk & Co Auto Sales for RMB 100 mln
Thursday, 26 Oct 2017 06:23am EDT 

Oct 26 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::‍Transaction in relation to disposal of entire equity interests in Lynk & Co Auto Sales Company Ltd​.Unit to dispose entire equity interests in Lynk & Co Auto Sales Company Limited for RMB 100 million.Disposal not expected to give rise to material gain or loss to group's financial results.​.  Full Article

Autoliv wins order from Geeely for autonomous driving radar systems
Thursday, 14 Sep 2017 03:00am EDT 

Sept 14 (Reuters) - Autoliv Inc :Autoliv to supply geely radar systems for autonomous driving.Autoliv has been selected by Geely to develop a77GHz high-resolution radar systems for autonomous driving.  Full Article

Geely Automobile Holdings updates on sales volume for August, 2017
Wednesday, 6 Sep 2017 04:44am EDT 

Sept 6 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>: :Total sales volume of the group for the month of August 2017 was 96,505 units.  Full Article

Geely Automobile Holdings posts HY net profit of RMB4.34 bln
Wednesday, 16 Aug 2017 12:03am EDT 

Aug 16 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:HY total revenue RMB 39.42 billion versus RMB 18.09 billion.HY net profit RMB4.34 billion versus rmb 1.91 billion.It is envisaged that group's exports business would continue to be operated at current restricted scale in remainder of 2017.In short to medium term, group will continue to restructure its distribution network in overseas markets.Board resolved not to pay an interim dividend to company's shareholders.Decided to revise upward our original full year sales volume target by 10 percent from 1 million units to 1.1 million units in July 2017.Targeting to reach total sales volume of 2 million units by year 2020.  Full Article

Geely Automobile Holdings total sales volume for July was 91,104 units
Monday, 7 Aug 2017 04:43am EDT 

Aug 7 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:Total sales volume of group for month of July 2017 was 91,104 units, an increase of about 88 percent.‍Group's revised full year sales volume target of 1.1 mln units in 2017​.  Full Article

Geely Automobile announces disposal agreement with Zhejiang Haoqing
Friday, 4 Aug 2017 04:47am EDT 

Aug 4 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:‍Zhejiang Jirun entered into joint venture agreement with Zhejiang Haoqing and VCI​.Fulin Guorun And Centurion, both being subsidiaries of company, entered into disposal agreement with Zhejiang Haoqing.‍JV company will be owned as to 50% by Zhejiang Jirun, as to 20% by Zhejiang Haoqing and as to 30% by VCI​.Registered capital of JV company will be rmb7.50 billion.Zhejiang Jirun, Zhejiang Haoqing and VCI have to form JV co to engage in manufacturing and sale of vehicles under Lynk & Co Brand.Disposal at an aggregate consideration of rmb1.24 billion.Expected that group will realize a gain on disposal of approximately rmb541.3 million.Pursuant to disposal agreement Fulin Guorun and Centurion to dispose of their respective 8% and 91% stake in disposal co to Zhejiang Haoqing.Disposal company is Zhejiang Kingkong Automobile Company Ltd.  Full Article

Geely Automobile enters MoU with Zhejiang Geely and Volvo Car Corp​
Thursday, 20 Jul 2017 04:45am EDT 

July 20 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::‍company entered into memorandum of understanding with Zhejiang Geely Holding Group Company​.MoU in relation to proposed formation of a joint venture company between company, Geely Holding and VCC.Registered capital of JV company will be owned as to 50% by company, and as to 50 pct by Geely Holding and VCC in aggregate.Entered into MoU with Zhejiang Geely Holding Group Company Limited and Volvo Car Corporation.  Full Article

Geely Automobile expects to record increase of over 100% in net profit for 6 months ended 30 June ​
Monday, 10 Jul 2017 04:34am EDT 

July 10 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>-:‍Group is expected to record a significant increase of over 100% in its net profit for six months ended 30 june 2017​.Expected result due to substantial increase in sales revenue.  Full Article

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Volvo Cars to supply Uber with up to 24,000 self-driving cars

STOCKHOLM/SAN FRANCISCO Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. | Video