GEELY

China’s Geely Automobile trims full-year sales outlook after profit plunge

China’s Geely Automobile trims full-year sales outlook after profit plunge

Published 17/08/2020

SHANGHAI (Reuters) - Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares [more…]

China’s Geely warns of virus headwind after 35% 2019 profit drop

China’s Geely warns of virus headwind after 35% 2019 profit drop

Published 30/03/2020

BEIJING (Reuters) - China’s Geely Automobile Holdings Ltd (0175.HK) on Monday said 2020 may be “amongst the most difficult years” in its history, as pressure [more…]

China tech giant Baidu partners with Geely, Toyota

China tech giant Baidu partners with Geely, Toyota

Published 08/07/2019

(This July 4 story corrects to remove reference to self-driving push in headline) BEIJING (Reuters) - China’s top search engine operator Baidu Inc has joined [more…]

Geely covets Daimler tech with $9 billion stake, shares surge

Geely covets Daimler tech with $9 billion stake, shares surge

Published 26/02/2018

FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo's S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly [more…]

Truckmaker AB Volvo drops Geely-linked board member after Daimler move

Truckmaker AB Volvo drops Geely-linked board member after Daimler move

Published 26/02/2018

Volvo Cars CEO Hakan Samuelsson shows their new model V60 station wagon at a press meeting outside Stockholm, Sweden February 21, 2018. TT News Agency/Henrik [more…]

Geely’s Li Shufu is betting billions on global push

Geely’s Li Shufu is betting billions on global push

Published 26/02/2018

FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo's S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly [more…]

Germany’s openness should not be exploited: Zypries tells Handelsblatt

Germany’s openness should not be exploited: Zypries tells Handelsblatt

Published 26/02/2018

FILE PHOTO: German Minister for Economic Affairs and Energy, Brigitte Zypries speaks during an interview with Reuters in Berlin, Germany June 16, 2017. REUTERS/Stefanie LoosBERLIN [more…]

Geely’s move to buy Daimler stake needs explanation: German minister

Geely’s move to buy Daimler stake needs explanation: German minister

Published 26/02/2018

FILE PHOTO: German Economy and Energy Minister Brigitte Zypries speaks in Berlin, Germany, November 30, 2017. REUTERS/Axel SchmidtBERLIN (Reuters) - The German government will scrutinize [more…]

Geely`s Volvo to go all electric with new models from 2019

Geely`s Volvo to go all electric with new models from 2019

Published 05/07/2017

FILE PHOTO: A Volvo logo is pictured on the stand during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017. REUTERS/Denis Balibouse/File Photo

Geely-owned Volvo Car Group said on Wednesday all new models launched from 2019 will be fully electric or hybrids, spelling the eventual end to nearly a century of Volvos powered solely by the internal combustion engine.

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China`s Geely doubles earnings as Volvo tech boosts sales

China`s Geely doubles earnings as Volvo tech boosts sales

Published 22/03/2017

FILE PHOTO: Employees work along a Geely Automobile Corporation assembly line in Cixi, Zhejiang province June 21, 2012. REUTERS/Carlos Barria/File Photo

China's Geely Automobile Holdings Ltd (0175.HK) posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales.

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