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GELYF - Geely: Recent Strategic Initiatives Move It Closer Towards Its EV Ambitions
Geely Automobile Holdings Ltd
Geely opts for a select business tie-up with Volvo instead of a full-blown merger.
The move should still provide plenty of strategic and financial benefits as the company moves toward EVs.
Additional collaborations on the SEA platform with Foxconn also add to the EV-led upside ahead.
Shares trade at a premium to other traditional auto OEM peers, but considering the valuation upside from its EV shift, I still see re-rating potential ahead.