GELYY - Geely Automobile Holdings Limited
| Previous close | 23.39 |
| Open | 23.25 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 23.25 - 23.85 |
| 52-week range | 21.39 - 48.57 |
| Volume | |
| Avg. volume | 23,493 |
| Market cap | 11.948B |
| Beta (5Y monthly) | 1.20 |
| PE ratio (TTM) | 16.85 |
| EPS (TTM) | 1.41 |
| Earnings date | N/A |
| Forward dividend & yield | 0.54 (2.25%) |
| Ex-dividend date | 02 Jun 2023 |
| 1y target est | N/A |
ReutersGeely premium automaker Lynk looks to further European growth
Lynk & Co, a carmaker jointly owned by China's Geely and Volvo Car, plans to open its first showroom in France by early 2024 and to expand in Europe, including Britain, its CEO and founder told Reuters. The automaker, which both sells and rents cars on monthly subscriptions, already has what it calls clubs, which look like bars or lifestyle shops, in Belgium, the Netherlands, Germany, Sweden, Spain and Italy. Lynk, which only offers a Chinese-made hybrid SUV called 01 in black and blue, will launch a fully-electric model, the 02, by the end of 2024, Alain Visser said in an interview.
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American Axle (AXL) rides high on the benefits of its latest innovative driveline solution and new collaborations. High costs of raw materials, labor and utilities might dim near-term prospects.
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Tesla (TSLA) prepares to deliver Cybertruck this year. It also expects Model Y to be the top-selling car worldwide this year.
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Copart's (CPRT) third-quarter service revenues, accounting for 82.9% of total sales, came in at $847.2 million, outpacing the consensus mark of $814 million.
ZacksHere's Why You Should Retain Toyota Motor (TM) Stock for Now
Toyota Motor's (TM) electrification push and continued demand for vehicles are set to fuel sales volume. Shortage of microchip and high commodity prices are headwinds.
The TelegraphChinese electric car company pumps more than £200m into Aston Martin
China’s Geely, which owns Volvo, has more than doubled its stake in Aston Martin as it steps up efforts to take control of the sports car maker.
ReutersAston Martin stock soars as China's Geely to become no.3 shareholder
Geely will acquire about 42 million ordinary shares from Chairman Lawrence Stroll's Yew Tree, currently Aston Martin's largest stakeholder, at 335 pence each and subscribe for another 28 million shares at the same price, raising about 95 million pounds in cash for the British firm. Aston Martin shares, which closed at 231.2 pence on Wednesday, were trading at 267.8 pence at 1056 GMT, having risen as high as 288.0 pence.
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Standard Motor's (SMP) readiness to meet the growing demand for high-quality replacement parts is poised to bolster revenues. However, high-interest rates and commodity prices are major headwinds.
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Goodyear (GT) misses first-quarter 2023 earnings on lower-than-anticipated sales in the Americas and Asia Pacific segments.
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Magna (MGA) Q1 Earnings & Revenues Beat, Guidance Raised
Magna (MGA) beats Q1 earnings estimates on better-than-expected EBIT in the Body Exteriors & Structures, Seating Systems and Complete Vehicles segments.
ZacksAdient (ADNT) Q2 Earnings Miss Estimates, Revenues Rise Y/Y
Adient's (ADNT) second-quarter 2023 earnings lag estimates owing to weaker-than-expected EBITDA from the Americas segment.
ZacksAmerican Axle (AXL) Incurs Narrower-Than-Anticipated Q1 Loss
American Axle's (AXL) Q1 delivers lower than expected loss due to higher-than-anticipated sales from the Metal Foaming segment and higher-than-expected adjusted EBITDA in the Driveline segment.
ReutersGeely's London black cab unit unveils new large EV platform
Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large electric-vehicle (EV) platform for vehicles ranging from people-movers to commercial vans that it said could also be used by other units of the Chinese carmaker. LEVC said the platform, dubbed Space Oriented Architecture (SOA), had been jointly developed over the last two-and-a-half years in China, Sweden, the United Kingdom and Germany, would provide EVs with longer range, fast-charging capabilities and advanced driver-assistance features. Speaking to reporters on Thursday at LEVC headquarters in Ansty, England, executives said the flexible platform could be used for a wide range of EVs, including pickup trucks, large SUVs or even mobile homes.
Yahoo FinanceCostco offering $2,500 off Volvo EVs, $1,000 off other models
Costco members looking for a stylish Volvo electric vehicle will need to act fast for a big discount. The membership warehouse club is currently offering $2,500 off the price of new 2023 or 2024 Volvo XC40 Recharge and C40 Recharge SUVs. These two models are currently the only full EVs Volvo has on offer, and Costco members qualify for the discounts if they buy or lease.
ZacksSonic (SAH) Q1 Earnings Miss on Lower Wholesale Vehicle Sales
Sonic (SAH) misses on Q1 earnings on the wholesale vehicle segment's lower-than-expected performance.
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Harley-Davidson (HOG) surpassed earnings estimates on better-than-anticipated revenues from motorcycles & related products and Financial Services segments.
BloombergTianqi Weighs Investing in Mercedes-Geely Smart Venture
(Bloomberg) -- China’s Tianqi Lithium Corp. is considering buying a minority stake in Smart Automobile Co. as part of the iconic minicar maker’s latest private funding round, according to people familiar with the matter.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleTD, First Horizon End $13 Billion Merger as Regulators StallChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPushback Agai
ReutersVolvo Cars' sales grow 10% in April on demand jump in China
Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales in China were up 46%. In Europe, its biggest market, sales were up 5%, while in the U.S. they were down 4%.
ZacksLKQ Q1 Earnings & Sales Beats Estimates, Sales Remain Flat Y/Y
LKQ's top and bottom lines beat earnings and revenues estimates for the first quarter due to better-than-expected revenues from Wholesale North American, European and Self-Service segments.
ReutersGeely's EV brand Zeekr jumps on the 'gigapress' bandwagon
Geely's EV brand Zeekr is the latest to join a growing list of automakers that have turned to the "gigapress" die casting technique pioneered by Tesla to slash the cost of electric cars. Zeekr's manufacturing technology chief Jiang Kehong told Reuters the Chinese carmaker had started using massive aluminium die casts to make a large rear underbody section of its Zeekr 009 six-seat, multi-purpose van (MPV). He said the technique had helped Zeekr eliminate almost 800 welding points, cut defects, made the car lighter, and boosted its structural stiffness, in turn improving the ride of the MPV which went on sale in China this year.
ZacksToyota (TM) bZ3 Electric Sedan Gets 5,000 Orders on Day One
Toyota's (TM) bZ3 electric sedan, powered by BYD technology, makes a remarkable debut with 5,000 orders on the first sales day, signaling its promising future in the EV market.
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Genuine Parts (GPC) Q1 Earnings & Sales Beat, Increase Y/Y
Genuine Parts (GPC) delivers a comprehensive beat in first-quarter 2023 due to better-than-expected sales across both of its segments.
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Lithia's (LAD) Q1 Earnings Miss Estimates, Fall 29% Y/Y
Lithia (LAD) misses sales and earnings estimates in first-quarter 2023, owing to lower-than-expected revenues from used vehicle retail, service, body and parts, finance and insurance and fleet and others segments.
ZacksBlink and Catalyst Power Boost EV Charging for Businesses
Blink Charging (BLNK) partners with Catalyst Power to expand EV charging services in Northeast and Mid-Atlantic, unlocking growth potential for businesses and boosting BLNK stock prospects.
ZacksFord (F) to Invest C$1.8B in Oakville Manufacturing Site
Ford (F) plans to transform Oakville Assembly Complex into a Canada electric vehicle manufacturing hub. The retooling and transformation will begin in the second quarter of 2024.