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Geely Automobile Holdings Limited (GELYY)
- Stockopedia
Upbeat broker recommendations for Geely Automobile Holdings
The Geely Automobile Holdings (HKG:175) share price has risen by 13.7% over the past month and it’s currently trading at HK$12.8. For investors considering whe...
- Bloomberg
Renault, China’s Geely Deepen Ties With Korean Stake Deal
(Bloomberg) -- Chinese auto giant Geely Automobile Holdings will buy a 34% stake in Renault’s Korean unit as the two carmakers deepen their cooperation on development of eco-friendly models in a market dominated by local brand Hyundai Motor Co. Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Sink to 13-Month Low as U.S. Curve Steepens: Markets WrapDay Trader Army Loses All the Money It Made in Meme-Stock EraRussian Envoy to Poland Hit With Red Paint i
- Reuters
China's Geely buys stake in Renault Korea, eyeing US exports
China's Geely Automobile will buy just over a third of Renault's Korea unit for roughly $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business. Renault, which can assemble 300,000 vehicles a year in its factory in Busan, South Korea, is in the middle of a turnaround aimed at increasing margins and separating its electric vehicle (EV) business to catch up with rivals such as Tesla. The French firm's move to sell the stake to Geely - which owns Volvo Cars and a 9.7% stake in Daimler AG - follows an announcement by the two companies in January to develop hybrid vehicles for South Korea and abroad, produced at the Busan plant.
