Geely Automobile Holdings Limited·Consumer Cyclical

Chinese automaker Geely has purchased part of a Ford factory in Spain and plans to build one of its models there, Spanish trade publication La Tribuna de Automocion reported, citing unnamed sector sources.

Chinese company Zhejiang Geely Holding Group has big investments in three automakers already doing business in the U.S. Commonly called Geely, the holding company has stakes in Western automakers Volvo, Polestar and Lotus, and it also has a Chinese subsidiary automaker that makes the brands Zeekr, Lynk & Co and Geely.

Geely Automobile, China's second-largest electric-vehicle maker, reported a weaker bottom line, but its core profit grew thanks to record sales and higher revenue.

Across social media, influencers are hawking Chinese car brands like BYD, Xiaomi and Zeekr with luxury features, state-of-the-art tech and affordable prices. But they're forbidden fruit for inflation-weary Americans who can't have them just yet.

The automakers have discussed a tie-up in Europe, but any U.S. collaboration would be politically fraught.

Geely Auto on Monday launched its i-HEV Intelligent Hybrid system, aiming to challenge the dominance of Japanese automakers in the conventional hybrid vehicle segment by improving fuel efficiency and intelligence capabilities.
Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles; vehicle transmissions; automobile parts; and related automobile components, including electric powertrain and battery systems, as well as provides related after-sales and technical services. It also offers sedans, wagons, sport utility cars, and electric vehicles under the Geely and ZEEKR brands; provides technology consulting, general logistics, packing, and storage services; researches and develops technology; and manufactures and sells vehicle engines. In addition, the company provides automotive design, software systems development, modular development, intelligent electric vehicles virtual engineering, and mobility technology solutions; offers knock down kits and automotive-related integrated vehicle services; and engages in the preparation and construction of engine manufactory projects. It operates in Eastern Europe, the Netherlands, Sweden, France, the Asia Pacific, the Middle East, Latin America, Africa, and internationally. The company is headquartered in Wan Chai, Hong Kong.
Consumer Cyclical
Auto - Manufacturers
68,000
2010-01-05
0.48