GELYF News and Press, Geely Automobile Holdings Ltd From 03/19/21

Volvo owner Geely (GELYF) plans to roll out a new electric vehicle line with different branding and revised sales strategies to compete with Tesla in the high-end vehicle space, according to Reuters sources.The Zeekr brand will be launched under Geely's forthcoming Lingling Technologies EV&#x...

Global electric car sales for Jan. 2021 up 112% YoY reaching 5% share. Europe sales up 50% YoY reaching 14% share, China sales rose 223% YoY reaching 8.4% share. EV market news - Bloomberg forecasts that "EV Investment growth to exceed renewable energy investments." President Biden is...

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 i...

Geely Holding Group (GELYF) and the Concordium Foundation (Concordium) have signed a Joint Venture ((JV)) agreement, which will use latter's Blockchain Technology to become a leading Blockchain Technology- and Service Provider in China. According to the agreement, Geely will own 80% of the JV...

Baidu (BIDU) has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car venture with Chinese automaker Geely (GELYF) - CNBC.Xia Yiping, co-founder of Mobike, will be the CEO of the new entity, according to anonymous source.Xia previously worked at Fiat Chrys...

China's retail sales of passenger cars rose 25.7% Y/Y to 2.16M vehicles, the strongest growth since September 2016 - China Passenger Car Association.Sales of electric cars expanded 281.4% Y/Y to 158K in January but dropped 23.9% M/M.Retail sales declined 20% in January 2020 and 7% in December...

Global electric car sales records for Dec. 2020 up 105% YoY reaching 6.9% share. Europe sales up 264% YoY reaching 23% share, China sales rose 12% YoY reaching 9.4% share. EV market news - "The electric car future is finally taking off." BNEF -EV sales to surge 60% in 2021. Biden vows...

January deliveries rose 352.1% YoY to 7,225 vehicles, another monthly record. Deliveries could crest above 105,000 given monthly growth potential in the back half of the year, pushing revenues up to RMB35 billion. With upside to $90 should deliveries near 105,000, NIO would be val...

According to Edmunds, EV sales were 1.9% of total retail sales in the U.S. in 2020 and expect this number to grow to 2.5% in 2021."After years of speculation and empty promises, 2021 is actually shaping up to be a pivotal year for growth in the EV sector," said Jessica Caldwell, Edmunds'...

Geely Holding Group (GELYF) says it is talks with Foxconn (FXCOF) to provide contract manufacturing services to electric vehicle maker Faraday Future in China. Geely also said that it is a minority investor in Faraday's future listing through a SPAC merger with Property Solutions Acquisi...