The difference is Geely has 8.801B shares outstanding & kndi has 40.72 Million shares outstanding. A profit to Geely may not move the PPS but may move kndis PPS significantly..
Geely is a huge company kndi is small with a lot of room for growth.
Agreed - Geely is a great company, but it is not a technology company. It is like comparing TSLA and Ford. Also, I recall reading that Geely is struggling a bit in some of their better export markets like Ukraine for obvious reasons. Plus, I read that Geely is a bit upside down on their balance sheet - they need to pay down debt. Still not a cause for any huge concern though.
Geely already does around 5 billion in sales and the JV just doesn't have the sales or profits to be meaningful right now to Geely. This could come into play down the road. Right now it's not significant to Geely...
Geely Automobile Holdings Ltd.
Full Time Employees: 18,138
Geely Automobile Holdings Limited, an investment holding company, develops, manufactures, and sells passenger vehicles in China and internationally. The company operates in two segments: Automobiles and Related Parts and Components; and Gearboxes. It is also involved in the research, development, production, marketing, and sale of sedans and related automobile components, as well as automobile parts and components; design, development, and manufacture of automatic transmissions; and research and development of automobile engines and electric hybrid engines. In addition, the company provides automobile services. Geely Automobile Holdings Limited markets its products under the GLEagle, Emgrand, and Englon brands, as well as exports its products to 41 countries through sales agents, and sales and service outlets. The company is headquartered in Wan Chai, Hong Kong.
Thanks, bullmarket, with all this shouldn't Geely be a little more than a sub $ value? ...even as an ICE manufacturer in China. I admit they have the money to launch the JV with Kandi, but I still trust Kandi and their business model a lot more.