GELYF News and Press, Geely Automobile Holdings Ltd From 10/06/22

Shares of Swedish premium electric-vehicle (EV) maker Polestar Automotive Holding (NASDAQ: PSNY) fell 35.3% in September, according to data from S&P Global Market Intelligence . For context, last month, the S&P 500 and Nasdaq Composite indexes declined 9....

Summary Today’s automobile market is seeing a transformation of capabilities, architecture, and design, all being driven by chip-powered digital technologies. Many of the world’s largest semiconductor companies, including Nvidia, Qualcomm, Intel and others, had alrea...

Summary I intend to provide an overview of Waymo's current partnerships and what potential there is. Waymo's estimated valuation of $30B currently represents 2.4% of Alphabet's market capitalization. The global autonomous vehicle market is projected to hit around USD $180...

Summary Polestar Automotive Holding UK PLC’s cars continue to gain traction among consumers. The company managed to diversify sales away from Europe, closer to the regions where its cars are produced. Polestar has a solid production track record compared with other EV start...

Summary Global electric car sales August 2022 - Up 60% YoY to 15% share. China sales up 92% YoY to 30% share. Europe up 3% YoY to 21% share. US ~6% share. EV market news - BloombergNEF: More than half of US car sales will be electric by 2030. IEA: Global "EVs to account for 60% of...

Geely Holding Group acquired a 7.6% stake in British luxury brand Aston Martin Lagonda. The Chinese company said it looks forward to potential opportunities to collaborate with Aston Martin. Aston Martin took in $730M in funds from investors including Geely and the Saudi gov...

Summary Global electric car sales July 2022 - Up 61% YoY to 14% share. China sales up 112% YoY to 28% share. Europe down 5% YoY to 19% share. US 5% share. EV market news - USA passes the Inflation Reduction Act. China extends NEV purchase tax exemption worth 100 billion yuan to th...

Summary China’s largest private auto group may acquire TuSimple’s Asia-Pacific business, allowing it to cut its China ties and alleviate U.S. national security concerns. The company’s commercialization timeline has been thrown into doubt following an April acc...

Summary The Polestar stock has been an underperformer across the broader EV peer group in recent weeks, despite consistent delivery of fundamental outperformance amid unprecedented auto production challenges. A key driver could potentially be the underlying business' significant e...

China holds dominance along a majority of the EV supply chain, from graphite mining to materials processing to battery production. With the chip shortage projected to last at least through 2023 by a range of OEMs, any impacts to Taiwan's chip supply and related logistics could spell t...