GELYF News and Press, Geely Automobile Holdings Ltd From 04/13/21

Zhejiang Geely Holding Group (GELYF), Volvo Car Group (VOLVY) and several other electric-vehicle brands is in talks to sponsor a SPAC that could raise $300Mn in a Nasdaq initial public offering - WSJ. Volvo Cars and Geely is also intending to take their ESwedish electric-vehicl...

China's retail sales of passenger cars rose 69% Y/Y to 5.09M vehicles in Q1, strongest quarterly growth in recent decades, returning to pre-pandemic levels - WSJ.Last year, Q1 sales contracted 42% Y/Y due to COVID-19.1Q21 sales matched nearly 5.08M passenger cars sold in 1Q19, but fell s...

Global electric car sales for Feb. 2021 up 136% YoY reaching ~4-5% share. Europe sales up 66% YoY reaching 14% share, China sales rose 500% YoY reaching 9% share. EV market news - EU plotting ban on internal combustion engine as of 2025: Industry. UBS increases EV market share forecas...

Geely had a rough 2020, with second half results well short of expectations, and the complex ties between Geely Auto and its parent company aren't getting any simpler. Not merging Volvo into Geely Auto is a mixed outcome, Geely could use a luxury nameplate, but the cost savings from i...

Geely Automobile Holdings Limited (GELYF) Q4 2020 Earnings Conference Call March 23, 2021 05:15 AM ET Company Participants Daniel Donghui Li - Chief Executive Officer, Geely Holding Group, Vice Chairman & Executive Director of Geely Automobile Holdings Limited Gui Sheng Yue - Chief Execut...

The following slide deck was published by Geely Automobile Holdings Limited in conjunction with their 2020 Q4 earnings call. For further details see: Geely Automobile Holdings Limited 2020 Q4 - Results - Earnings Call Presentation

Geely Automobile Holdings Limited (GELYF): FY GAAP EPS of RMB0.56.Revenue of RMB92.1B (-5%Y/Y)Press Release For further details see: Geely Automobile Holdings Limited reports FY results

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 ahe...

A potential competitor is barreling toward Tesla (NASDAQ: TSLA) , it seems. Reuters, citing "people familiar with the matter," wrote in a story published Friday that China-based carmaker Geely (OTC: GELYF) intends to launch a line of high-end electric vehicles (EVs). Tho...

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...