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Geely Automobile Holdings Limited (GRU.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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2.0960-0.0780 (-3.59%)
At close: 05:22PM CEST
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  • D
    Dave Z
    Added to my position today. Not huge but growing as I get extra cash. Like what I see and read.
  • S
    Sally
    I think this is a good buy because CATL is the majority owner.
  • J
    James
    Billionaire Li Shufu controlled satellite-to-automobile group Geely Automobile Holdings Ltd (OTC: GELYY), purchased a majority stake in Chinese smartphone maker Meizu Technology Co, the Caixin Global reports.
  • J
    John
    I think with China opening up Covid restrictions, and China economy could be ready to start percolating again, and that should be good news for Gelyf sales.
  • P
    Paul G
    Geely unit Hubei Xingji Shidai Technology Co. bought a 79% interest in Meizu..Xingji Shidai, which counts Li as its main investor, announced its entry into the mobile devices sector in September last year, setting out its intention to “focus on integrating global technologies and resources to develop premium smart devices including smart phones to global consumers.”

    Unfortunately no shares held by the traded company.
  • T
    Tobias
    Call me Sandra #$%$ - this thing is about to ignite!
  • P
    Paul G
    Nice to see this turn around on the back of positive support for ICE, but they still need to speed up conversion to NEV or they will be back to 10.
  • P
    Paula
    Investors in China stocks may find GHG, GreenTree Hospitality Group, of interest. The China Covid
    lockdowns are being lifted and there should be many using hotels in the coming months.
  • J
    John
    I see Geely Auto Holdings is buying, upon approval, 34.2% of Renault. It appears to me to be another positive position move for Gelyf to continue its inroads into the future EV global market place.

    What do you think, James???
  • J
    John
    Does anyone know where Gelyf-Geely automobile Holdings stands in development of “solid-state” batteries???
  • J
    James
    Manufacturer for hire: China's Geely sets out to become a force in electric cars
    FILE PHOTO: Geely Xingyue is seen displayed at the second media day for the Shanghai auto show in Shanghai
    By Yilei Sun and Brenda Goh
    HANGZHOU, China/SHANGHAI (Reuters) - Like many others in his industry, Geely Chairman Li Shufu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.
    Getting Geely, which owns Volvo Cars and 9.7% of Daimler AG, to a place where it too may claim a sizeable chunk of China's burgeoning electric car market and burnish its share price at the same time, has preoccupied Li for much of the past year, they added.

    The result: a flurry of tie-ups unveiled last month that lay bare Geely's intention to position itself as the go-to contract manufacturer for electric vehicles in China and beyond - assembly services that will also offer up its engineering and development expertise.
    "The chairman's attitude towards contract manufacturing is clear: he is embracing it and actively pursuing it," a Geely executive told Reuters.
    Outsourcing production of some models through original equipment manufacturing (OEM) deals is common in the auto industry, but Geely's plans represent the most aggressive attempt yet by an automaker to build up a contract manufacturing business.
    Of the four deals announced, a venture with Taiwan's Foxconn to provide electric vehicle (EV) contract manufacturing, is the most important, said the sources, who were not authorised to speak to media and declined to be identified.
    A subsequent agreement to build mass-market electric vehicles for embattled Los Angeles-based startup Faraday Future would be handled by the venture with Foxconn.
    Geely, which is China's largest privately owned automaker, has also made a separate pact to make smart electric cars for internet giant Baidu Inc, with the first model due to be launched next year. In addition, it is joining hands with Tencent Holdings Ltd on smart car control and autonomous driving technology.
  • J
    James
    Geely Confirms EV Plans: Chinese automaker Geely Automobile Holdings Ltd (OTC: GELYF) confirmed it will form a separate all-electric vehicle company, cnEV Post said, citing an internal memo by Chairman Li Shufu.

    Geely and Apple Inc (NASDAQ: AAPL) foundry Hon Hai Precision Industry Co., Ltd.-ADR (OTC: HNHPF) supplier had announced in mid-January a 50-50 joint venture to provide OEM production and comprehensive, customized consulting services to global automakers.

    Baidu Taps Mobike Co-Founder For Geely JV: Chinese search engine Baidu Inc (NASDAQ: BIDU) has appointed Mobike co-founder Xia Yiping as CEO of its EV venture with Geely, Reuters reported.

    Mobike is a bike sharing system, and it was acquired by food delivery company Meituan in 2018.
  • J
    James
    • Foxconn and Chinese carmaker Geely have created a joint venture aimed at selling manufacturing and services to the global auto industry.
    • The deal which was announced on Wednesday, marks Foxconn's continued expansion into the auto sector and reflects Geely's desire to partner with technology companies.
    • Foxconn and Geely will provide car production, consulting, intelligent driving systems and other services to global automotive enterprises, the two companies said.
  • J
    James
    China’s search engine Baidu has announced it will partner with carmaker Geely to make smart electric vehicles (EVs).
    Baidu will provide “intelligent driving capabilities”, while Geely will offer design and manufacturing expertise.

    Geely is one of China’s largest carmakers, and also owns Volvo and a stake in Mercedes-Benz owner Daimler.

    The two companies will be competing not just with Elon Musk's Tesla, but also with several Chinese competitors.

    “We believe that by combining Baidu's expertise in smart transportation, connected vehicles and autonomous driving with Geely's expertise as a leading automobile and EV manufacturer, the new partnership will pave the way for future passenger vehicles," said Robin Li, co-founder and chief executive of Baidu.
  • J
    James
    Geely Auto mentioned:

    Volocopter, which has raised 322 million euros in total, said the new funding will “solidify” its position in urban air-mobility, helping its VoloCity craft through certification and accelerating the launch of commercial routes.

    The two-seat model, powered by multiple electric rotors, performed its first manned test in 2011 and has since completed more than 1,000 flights.

    The company, whose existing backers include carmakers Daimler AG and Geely Automobile Holdings Limited, as well as logistics firm DB Schenker and the venture-capital arm of chipmaker Intel Corp., is seeking FAA approval alongside an earlier application to the European Aviation Safety Agency, as well as Singaporean authorities.
  • J
    James
    BEIJING (Reuters) - Jidu Auto, an electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters.
  • J
    James
    The GEELY concept is WILDLY attractive (perhaps the most attractive) far ahead of the curve of most upstarts - also with many more irons in the fire than the emerging herd of overly promised wannabes (who cannot all compete and hit home runs) e- thus much more consolidation will occur to prevent newbies from faltering or falling behind the crush of competition - especially if they only serve niche market. GEELY’s market is far from single focus.

    Consider:

    - Polestar is a world car rated equal to or above Tesla
    - Lynk car is nothing to scoff at
    - Lotus
    - A deal with Baidu
    - Foxconn knocking on door
    - Volvo merger coming
    - (Licensing) of innovative manufacturing across multi-platforms to other
    - Shared architecture and broad synergy of technology are both well in place for GEELY while many others are years away, still building manufacturing facilities, and will need to come to Geely for a hand-up
    - Ride sharing
    - EV cabs (UK & China)
    - GEELY (especially manufacturing) is already firmly established, nimble, and easily retrofitted for whatever opportunities present themselves
    - A broad brain trust developed over the years put them ahead of most others.
    - Strong management team with complex understanding of not only Chinese Car market (largest in the world as many move into middle class and become potential car owners) but GEELY understands world market economy as well
    - Simple too much to list here
  • J
    James
    Geely Automobile Holdings Ltd GELYY recently inked a strategic agreement with tech conglomerate Tencent Holdings TCEHY to further develop its digital capabilities and smart car technologies, including intelligent cockpits, and autonomous driving capabilities and low carbon emission technologies.

    This agreement spans across all aspects of an automotive product lifecycle from product development, manufacturing, marketing, vehicle utilization, to after-sales service with the aim to completely digitalize it. The alliance also encompasses the development of next-generation intelligent vehicle cockpits, amalgamating both Geely and Tencent ecosystems, rolling out new mobile and mobility service applications, and enhancing end-user experience.

    Within the autonomous vehicle landscape, the two parties will investigate simulated testing and validation of self-driving systems. Through this partnership, Geely and Tencent will also focus on the development of green transportation solutions to achieve carbon neutrality.

    The latest deal builds upon the existing relationship between Geely and Tencent. In 2018, the companies had collaborated for the first time to form a joint venture with China Railways developing high-speed Wifi, high-speed railway mobility service applications, and other digital services. In 2019, a strategically-invested enterprise under Geely, ECARX, entered into a cooperative agreement with Tencent Auto to join forces on intelligent connectivity services, joint-user operations, AI, and cloud services. Presently, Tencent automotive applications have been successfully incorporated into several Geely models
  • J
    James
    China’s biggest private automaker, Geely, announced plans on Wednesday for a listing on China’s Nasdaq-like high-tech STAR market.

    The list would make it the first overseas-listed Chinese automaker to double list on mainland financial markets for fresh funds.

    Why it matters: Geely’s decision comes as Beijing is stepping up capital market reforms to encourage domestic listings.

    It also continues a trend of overseas listed firms raising RMB war chests in preparation for hard times.

    • A major listing is good news for the STAR board, which has struggled to attract the tech firms it was designed to encourage.
  • B
    Bernardo
    Zeekr is just the beginning. It's sales and profits will be reported under Gelyf/Gelyy/Hkg:0175. I believe Geely will surpass Nio. It has some catching up to do, but Geely as a company has better connections and business deals in place.

    https://hamodia.com/2021/04/18/geelys-zeekr-mobileye-challenges-tesla/