GELYF News and Press, Geely Automobile Holdings Ltd From 09/27/21

In the midst of the Chinese crackdown on firms like Alibaba, there are two important factors in play. The Chinese government has been pressuring companies to invest in 'common prosperity', an initiative to reduce inequality in the country. But in my opinion, the main risk of Aliba...

Automobile sales in China fell off 17.8% in August to 1.799M vehicles in comparison to last year and were down 8.2% from the level for the same month in 2019, according to China Association of Automobile Manufacturers. Major automakers like Ford (NYSE:F), Honda (NYSE:HMC), General Motors (NYS...

Global electric car sales for July 2021 were up 94% YoY reaching 7.1% share, third best month ever. China sales rose 143% YoY reaching 15% share. EV market news - Biden outlines target of 50% EV sales share in 2030. UBS forecasts 25% EVs by 2025 and 60-70% by 2030. Musk says EVs at "i...

Zhejiang Geely Holding Group is majority shareholder of Geely Automobile Holdings; it also owns Volvo Car Group, has big stakes in Daimler AG and Volvo AB (trucks). Zhejiang Geely Holdings Group has a huge network of other companies in all aspects of the automobile industry. Geely...

Volvo Cars is owned by Chinese Zhejiang Geely Holding Group, not Volvo AB (VLVLY), nor Geely Auto (GELYF). In 2020, Volvo Cars sold 661,713 vehicles, with China being the biggest market (25% of sales). Chinese influence is no doubt supportive of Volvo Cars' aggressive plans to bec...

China’s policymakers are the major risk when investing in Chinese stocks. However, opportunities exist to profit from the recent panic selling. Investors should know key themes influencing China’s policymakers. I pick three good risk-reward dip-buy opportunities....

French group has signed its first big deal since exiting its main joint venture last year. On Monday, Renault (OTC: RNLSY) revealed it will partner with Geely Automobile Holdings Limited (OTC: GELYF), the Chinese owner of Sweden’s Volvo Cars, to tap into China’s rapidly growin...

Li has grown its deliveries tremendously since the early part of the year, going from 2,300 in March to over 8,500 in July. Strong deliveries and revenue growth give Li a very attractive valuation against its Chinese peers NIO and XPeng. While Li does only have one vehicle availab...

U.S. automakers Ford (NYSE:F), General Motors (NYSE:GM) and Stellantis (NYSE:STLA) issued a joint statement on the Biden Administration's plan to support electric cars and trucks. "Today, Ford, GM and Stellantis announce their shared aspiration to achieve sales of 40-50% of annual U.S. volume...

Global electric car sales for June 2021 were up 153% YoY reaching 8.7% share. Europe sales rose 157% YoY reaching 19% share, and China sales rose 158% YoY reaching 15% share. EV market news - EU proposes end to the internal combustion engine in 2035. Bank of America sees EVs represent...