OTC Markets OTCPK - Delayed Quote ? USD Geely Automobile Holdings Limited (GELYY) Follow Compare 38.72 +0.29 (+0.75%) At close: October 28 at 2:32 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations China EVs: Geely's Zeekr launches MPV aimed at middle-income households Zeekr Intelligent Technology, the premium electric car maker controlled by Geely Auto, launched a multipurpose vehicle (MPV) to attract middle-income households, as competition heats up in the world's largest automotive market. The five-seat Zeekr Mix, starting at 279,900 yuan (US$39,259), will take on rivals like Li Auto's Li Mega and Xpeng's X9. "We do not want to follow other competitors in developing similar electric cars," Zeekr CEO An Conghui said at a launch ceremony in Hangzhou on Wednes South China Morning Post ? 5 days ago GELYY +0.75% Saxo Bank Is Said to Draw Altor-Led Group, Interactive Brokers (Bloomberg) -- Interactive Brokers Group Inc. and a consortium of Altor Equity Partners and Centerbridge Partners are among those that have shown initial interest in acquiring Denmark’s Saxo Bank A/S, according to people with knowledge of the matter.Most Read from BloombergA Broken Oil Pipeline Plunges South Sudan’s Capital Into ChaosClimate Change Is Killing Buildings in Slow MotionDrug Decriminalization Spawns a Political Debacle for ProgressivesCities Look to AI to Flag Residents’ Trash and R Bloomberg ? 8 days ago IBKR GELYY +0.75% Malaysia sales drop 15% in September Drop is against strong year ago market Just Auto ? 12 days ago TM GELYY +0.75% Geely Automobile Holdings Ltd (GELYF) (H1 2024) Earnings Call Highlights: Record Growth and ... Geely Automobile Holdings Ltd (GELYF) reports robust sales and profit growth, driven by new energy vehicles and international market expansion. GuruFocus.com ? 19 days ago GELYY +0.75% Zeekr posts 77% rise in September sales Geely's all-electric Zeekr brand is ramping up Just Auto ? 27 days ago GELYY +0.75% Geely to build car plant in Vietnam Tasco Auto had agreed earlier to distribute Geely’s Zeekr BEVs Just Auto ? last month GELYY +0.75% On China tariffs, Geely goes made in Vietnam Tariffs on Chinese-made electric cars are pushing carmakers to consider opening new plants in the US and the EU to avoid duties. But trade restrictions... PREMIUM Financial Times ? last month GELYY +0.75% Malaysia sales fall 2% in August The MAA expects a much slower second half with full year sales forecast to fall Just Auto ? last month GELYY +0.75% TM Geely discounts its Zeekr 7X by another 4% as deliveries start, adding pressure on Model Y Geely Auto knocked 4 per cent off its price catalogue as it began shipping its latest electric sport-utility vehicle (SUV) model to customers on Friday, throwing down yet another gauntlet against Tesla Model Y for the crown in China's electric vehicle (EV) market. Zeekr Intelligent Technology, the premium EV label in Geely's portfolio, priced the 7X at 229,900 yuan (US$32,539) during the SUV's launch ceremony in Shanghai, knocking 4 per cent, or 9,100 yuan, off the presale price set on August 30 South China Morning Post ? last month GELYY +0.75% China's Geely scouting locations for Europe plant 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. "It is not 100% yet," Li Chuanhai, vice president of Geely Auto Group, one of Zhejiang Geely Holding Group's brands, said when asked whether the carmaker would build a plant in the region. Talks are ongoing between Geely and Poland's new government over a joint electric vehicle plant in the country, but officials told Reuters earlier this year they did not view Geely as an ideal partner. Reuters ? last month GELYY +0.75% China's Geespace launches 10 low-orbit satellites, eyeing Starlink Geespace, a company backed by Chinese automaker Geely, said on Friday it launched a third batch of satellites as part of its plan to form a megaconstellation it described as China's equivalent of U.S. firm SpaceX's Starlink. The 10 low Earth orbit (LEO) satellites were launched from the Taiyuan Satellite Launch Centre, located in the northern province of Shanxi, Geespace said in a statement. "With this latest launch, the constellation now includes 30 satellites, covering 90% of the globe with 24-hour communication services," Geespace said. Reuters ? last month GELYY +0.75% China’s Geely Unveils Compact EV to Challenge BYD’s Seagull (Bloomberg) -- Geely Automobile Holdings Ltd. on Tuesday unveiled its first compact electric vehicle, aiming to challenge the dominance of BYD Co.’s Seagull and Dolphin models in the entry-level segment in China.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItHow Americans Voted Their Way Into a Housing CrisisThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging En Bloomberg ? last month GELYY +0.75% BYDDY +0.03% EV firm Polestar taps former Stellantis finance executive as CFO This marks the fourth executive change at the Geely-backed EV maker in the past few months as it looks to battle fresh tariffs in the European Union and rising competition from U.S.-based Tesla and legacy automakers. Last week, in a surprise move, Ingenlath, who headed Polestar since its inception in 2017, was replaced with Michael Lohscheller — the former top boss at Opel and Vietnamese EV maker VinFast. Mady would assume responsibilities from Per Ansgar, effective Oct. 21, Polestar said. Reuters ? last month STLAM.MI GELYY +0.75% Geely counts on the Zeekr 7X midsize SUV to compete with Tesla's bestselling Model Y Zeekr Intelligent Technology, the premium electric vehicle (EV) maker controlled by Geely Auto, has unveiled a new sport-utility vehicle (SUV) to take on Tesla's bestselling Model Y, as competition intensifies in China's fast-growing but crowded market. The midsize fully electric SUV, known as Zeekr 7X, will be the fifth production model for a company that posted a 66-per cent jump in second-quarter deliveries. The vehicle, which debuted at the Chengdu Auto Show on Friday, will come in a right-h South China Morning Post ? last month GELYY +0.75% Polestar shares rebound on funding boost, margins reassure Like rivals, Polestar needs cash as it grows its business with a view to becoming profitable and breaking even on cashflow in 2025. In February, Polestar secured a $950 million loan from a bank syndicate, and on Thursday it announced a further $300 million loan from one of the banks, taking it to its target of achieving $1.3 billion in external funding. Cantor Fitzgerald analyst Andres Sheppard told Reuters the capital injection was major progress and that Polestar's gross margin of a negative 0.7% in the three-months to June, from positive 0.1% a year earlier had far exceeded analysts' expectations for a negative 6-7%. Reuters ? last month GELYY +0.75% Electric car boss quits after sales plunge 40pc The chief executive and founder of European Tesla rival Polestar has quit after seven years at the helm. The Telegraph ? last month GELYY +0.75% VLVLY +0.92% EV maker Zeekr posts record revenue, boosts output to take on Tesla, domestic rivals Zeekr Intelligent Technology, the premium electric vehicle (EV) maker controlled by Geely Auto, reported record revenue in the second quarter as its refreshed models lured more Chinese customers away from rivals. Revenue jumped 36 per cent to 20 billion yuan (US$2.8 billion) in the April to June quarter, compared with the first three months of 2024. The figure exceeded the company's previous record of 16.4 billion yuan in the fourth quarter of 2023 by 22.5 per cent and also beat a consensus esti South China Morning Post ? 2 months ago GELYY +0.75% EU to lower proposed tariffs on Tesla, Chinese EV makers European Union (EU) regulators are planning to reduce their proposed tariffs on Tesla (TSLA) electric vehicles built in and imported from China, among other Chinese EV makers like SAIC (600104.SS), Volvo parent company Geely (GELYF, 0175.HK), and BYD (BYD, 1211.HK). Tesla will face a 9% tariff on vehicles imported from China, significantly lower than the 20.8% tariff that had been proposed. Tesla stock has ticked up in pre-market trading in response to this news. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 2 months ago TSLA GELYF +1.56% GELYY +0.75% Malaysia sales bounce 11% in July Market growth resumes in Malaysia Just Auto ? 2 months ago TM GELYY +0.75% Geely, Xpeng, Xiaomi Boosted by Strong Vehicle Sales Amid Threats From EU Tariffs (Bloomberg) -- Chinese automakers including Xpeng Inc., Geely Automobile Holdings Ltd. and Xiaomi Corp. should all report higher vehicle sales, though challenges remain as competition heats up and the European Union moves ahead with tariffs.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can Do Bloomberg ? 2 months ago XIACY -0.72% GELYY +0.75% NTES Performance Overview Trailing total returns as of 10/29/2024, which may include dividends or other distributions. Benchmark is HANG SENG INDEX Return GELYY HANG SENG INDEX YTD +80.84% +21.43% 1-Year +76.73% +18.98% 3-Year -38.99% -19.00%
