GELYF - Geely Automobile Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
1.6950
+0.0050 (+0.30%)
At close: 3:13PM EDT
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Previous Close1.6900
Open1.7000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.6800 - 1.7100
52 Week Range1.2600 - 2.4100
Volume157,431
Avg. Volume92,915
Market Cap15.527B
Beta (3Y Monthly)0.84
PE Ratio (TTM)7.92
EPS (TTM)0.2140
Earnings DateN/A
Forward Dividend & Yield0.04 (2.65%)
Ex-Dividend Date2019-06-14
1y Target EstN/A
Trade prices are not sourced from all markets
  • Benzinga

    Air-Taxi Startup Volocopter Raises €50M In Series C Funding

    Volocopter, the German air-taxi startup, has raised €50 million in its Series C funding round, with the financing led by Chinese auto major Zhejiang Geely Holding Group Co., the company that owns Volvo, Lotus, and other car manufacturers. "Geely is transitioning from being an automotive manufacturer to a mobility technology group, investing in and developing a wide range of next-generation technologies," said Li Shufu, chairman of Geely, in a statement.

  • Geely to bring air taxis to China in tie-up with Daimler-backed Volocopter
    Reuters

    Geely to bring air taxis to China in tie-up with Daimler-backed Volocopter

    German startup Volocopter said it plans to form a partnership with Zhejiang Geely Holding Group that will bring its air taxis to China and that it has raised 50 million euros ($55.13 million) in fresh funding from the Chinese company and others. Volocopter, which says it is building the world's first manned, electric and vertical takeoff air taxis, said in a statement on Monday that the other investors in the new funding round include German luxury car maker Daimler , which it had previously raised money from. Geely's chairman Li Shufu said in the statement that the investment reflected how the Chinese company is transitioning to become a mobility technology group, investing in and developing a wide range of next-generation technologies.

  • Volocopter raises $55M led by Volvo owner Geely, sets 3-year timeline for its flying taxi service
    TechCrunch

    Volocopter raises $55M led by Volvo owner Geely, sets 3-year timeline for its flying taxi service

    The promise of flying cars has become an idea more synonymous with the tech world's shortcomings than its exciting potential, but today one of the startups that has been focused on actually trying to make small, airborne vehicles a reality is announcing a fundraise and says it's on track for a commercial launch in two to three years. Volocopter, which has been building drone-like autonomous electric flying taxis for its own (as-yet unlaunched) urban commercial passenger transportation service -- the latest model is its two-passenger VoloCity announced earlier this summer -- has closed €50 million ($55 million) in funding led by Zhejiang Geely Holding Group Co., Ltd, the Chinese automotive company that owns Volvo, Lotus and a number of other car brands. In this latest round, a Series C that brings the total raised to €85 million, Geely is investing alongside Daimler -- the German car giant that owns Mercedes and a number of other brands -- and other unnamed new and existing investors in the Bruchsal, Germany-based company.

  • Financial Times

    Geely takes stake in German flying taxi start-up Volocopter

    Geely will take a minority stake in German flying taxi start-up Volocopter, the latest investment from the Chinese carmaker in Europe’s largest economy after it controversially bought into Mercedes-Benz owner Daimler last year. In addition to the funding, Geely aims to work with Volocopter to launch air taxis in Chinese cities, adding to the company’s growing transportation arsenal. As well as owning a host of carmakers including Volvo Cars, sports car brand Lotus and black-taxi maker LEVC, Geely is developing supersonic trains alongside the state-owned China Aerospace Science and Industry.

  • China's BAIC buys 5% Daimler stake to cement alliance
    Reuters

    China's BAIC buys 5% Daimler stake to cement alliance

    FRANKFURT/BEIJING (Reuters) - China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler, cementing their long-standing alliance after China's Geely emerged as a potential rival by also taking a stake in the German automaker. BAIC has been Daimler's main partner in China for years, operating Mercedes-Benz factories in Beijing through Beijing Benz Automotive.

  • China tech giant Baidu partners with Geely, Toyota
    Reuters

    China tech giant Baidu partners with Geely, Toyota

    China's top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars. Under their partnership, Geely [GEELY.UL] and Toyota have joined Apollo, an autonomous driving platform by Baidu. Baidu will provide Apollo Minibus, a software product for autonomous bus vehicles, to Toyota's e-Palette vehicles in the future, and will work with the automaker to explore more uses of autonomous driving technologies, said Li Zhenyu, vice president of Baidu who is in charge of its intelligent driving unit.

  • China tech giant Baidu partners with Geely, Toyota in self-driving push
    Reuters

    China tech giant Baidu partners with Geely, Toyota in self-driving push

    China's top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars. Under their partnership, Geely and Toyota have joined Apollo, an autonomous driving platform by Baidu. Baidu will provide Apollo Minibus, a software product for autonomous bus vehicles, to Toyota's e-Palette vehicles in the future, and will work with the automaker to explore more uses of autonomous driving technologies, said Li Zhenyu, vice president of Baidu who is in charge of its intelligent driving unit.

  • Geely is turning to Zenuity as its self-driving software supplier
    TechCrunch

    Geely is turning to Zenuity as its self-driving software supplier

    China-based Zhejiang Geely Holdings is tapping Zenuity, the joint venture between Volvo and Swedish technology company Veoneer, as its preferred driver assistance and autonomous vehicle software supplier for its range of car brands. The decision means Zenuity's software will likely end up in vehicles under the brands Geely Auto, Geometry, Volvo Cars, performance brand Polestar, British carmaker Lotus and the subscription-based automaker Lynk & Co. Geely Holdings' total group sales last year were 2.15 million vehicles, according to the company.

  • Reuters

    UPDATE 1-China's Geely picks Swedish software firm for driverless cars

    China's Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer , as its preferred supplier for assisted and self driving software. Geely's deal, encompassing car brands including Geely Auto , performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker Lotus, provides a welcome boost for Zenuity. Veoneer said in April it was carrying out a review of Zenuity, which is focused on developing software for assisted driving features (ADAS) such as lane keeping and autonomous driving (AD), and seeking efficiencies from the venture.

  • China's Geely picks Swedish software firm for driverless cars
    Reuters

    China's Geely picks Swedish software firm for driverless cars

    China's Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software. Geely's deal, encompassing car brands including Geely Auto, performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker Lotus, provides a welcome boost for Zenuity. Veoneer said in April it was carrying out a review of Zenuity, which is focused on developing software for assisted driving features (ADAS) such as lane keeping and autonomous driving (AD), and seeking efficiencies from the venture.

  • South Korea's LG Chem to team up with China's Geely on EV batteries
    Reuters

    South Korea's LG Chem to team up with China's Geely on EV batteries

    South Korean battery maker LG Chem Ltd said on Thursday it had signed an agreement to set up a joint venture with China's Geely Automobile Holdings Ltd to produce batteries for electric vehicles. The joint venture would have annual production capacity of 10 GWh by the end of 2021, and its products would be supplied to Geely's electric vehicles from 2022, LG Chem said in a statement. The two parties would invest $94 million each in the venture, LG Chem said in a statement.

  • Volvo Cars signs 'multi-billion dollar' supply deals with Asian battery firms
    CNBC

    Volvo Cars signs 'multi-billion dollar' supply deals with Asian battery firms

    The company has lofty ambitions when it comes to electric mobility.

  • Kandi Technologies Group Inc (KNDI) Q1 2019 Earnings Call Transcript
    Motley Fool

    Kandi Technologies Group Inc (KNDI) Q1 2019 Earnings Call Transcript

    KNDI earnings call for the period ending March 31, 2019.

  • Reuters

    BRIEF-Qianjiang's Controlling Shareholder Zhejiang Geely To Transfer All Its Shares To Geely's New Energy Firm

    May 9 (Reuters) - Zhejiang Qianjiang Motorcycle Co Ltd : * SAYS CONTROLLING SHAREHOLDER ZHEJIANG GEELY HOLDING GROUP SIGNS AGREEMENT TO TRANSFER ALL OF ITS 135.0 MILLION SHARES, OR 29.77 PERCENT STAKE, ...

  • Reuters

    BRIEF-Geely Automobile April Total Sales Volume 103,908 Units

    May 8 (Reuters) - Geely Automobile Holdings Ltd: * TOTAL SALES VOLUME OF GROUP FOR MONTH OF APRIL 2019 WAS 103,908 UNITS, A DECREASE OF APPROXIMATELY 19% * OF TOTAL SALES VOLUME IN APRIL, 8,120 UNITS WERE ...

  • Reuters

    BRIEF-Zhejiang Geely Says Proton Announces Plant In Karachi With Partner Al-Haj Automotive

    April 26 (Reuters) - Zhejiang Geely Holding Group Co Ltd : * SAYS ITS JOINT-STOCK COMPANY PROTON ANNOUNCES PLANT IN KARACHI WITH PARTNER AL-HAJ AUTOMOTIVE GROUP * SAYS PROTON WILL RECEIVE LOAN OF 1.88 ...

  • China Electric-Vehicle Market Consolidation Expected: Automobility
    Bloomberg

    China Electric-Vehicle Market Consolidation Expected: Automobility

    Aug.20 -- Bill Russo, a former Chrysler executive and now chief executive officer of consultancy Automobility Ltd., talks about Chinese electric vehicle makers including Geely Automobile Holdings Ltd. and BYD Co., and its foreign competitors. He speaks with Bloomberg's Paul Allen and Shery Ahn on "Bloomberg Daybreak: Asia."