TSLA - Geely Back At Cruising Speed And Gaining Share In China's Recovering Auto Market
- Geely is enjoying a strong rebound in demand, with 10 months of improving volumes, including 40% growth in January and 600bp of Chinese market outgrowth.
- The launch of the new Lynk Zero should re-accelerate Geely's EV platform, with an SUV launch following in 2022.
- Merging Volvo into Geely (from the parent co to the list co) would be a significant positive for shareholders, depending upon the terms of the deal.
- Geely is overly complicated from a corporate structure standpoint, but the company continues to gain share in China's auto market and should reach another level with upcoming launches.
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Geely Back At Cruising Speed And Gaining Share In China's Recovering Auto Market