GELYF - Geely Automobile Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
1.8600
+0.0400 (+2.20%)
As of 1:46PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close1.8200
Open1.7800
Bid0.00 x 0
Ask0.00 x 0
Day's Range1.7800 - 1.8600
52 Week Range1.2600 - 3.5300
Volume67,722
Avg. Volume134,810
Market Cap16.384B
Beta (3Y Monthly)1.05
PE Ratio (TTM)8.69
EPS (TTM)0.21
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-06-08
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters8 days ago

    BRIEF-Geely Automobile Total Jan Sales Volume 158,393 Units

    Feb 11 (Reuters) - Geely Automobile Holdings Ltd: * TOTAL SALES VOLUME FOR MONTH OF JANUARY 2019 REACHED 158,393 UNITS Source text for Eikon: Further company coverage:

  • Reuters12 days ago

    Volvo Cars feels margin pressure from U.S.-China tariff war

    Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China. The Swedish carmaker, owned by China's Geely, will increase volumes and cut operational costs to try to offset the impact on margins that is expected to persist this year, CEO Hakan Samuelsson told Reuters. "We have a very, very strong product offering and a modest market share outside Sweden, so we are expecting and planning for further growth," Samuelsson said.

  • Financial Times13 days ago

    [$$] Volvo Cars warns over higher US tariffs as profit falls

    warned higher tariffs imposed on cars imported to the US from Europe would be a “significant blow” to the business, after a year when global trade frictions pressured margins. Volvo’s sales rose 21 per cent to SKr252.7bn ($27.5bn), but net income fell 4.3 per cent to SKr9.78bn, while profit margins fell to 5.6 per cent in 2018, compared with 6.7 per cent previously.

  • Associated Press13 days ago

    Volvo recalls 167,000 cars worldwide to fix trunk lid

    STOCKHOLM (AP) — Swedish automaker Volvo Cars, owned by China's Geely holding company, says it is recalling 167,000 cars worldwide because the hatch lid lift system on electric trunks can loosen, stop working in cold weather, and possibly cause damage.

  • Reuters13 days ago

    Daimler, Geely in talks to expand cooperation into a 'bigger dimension'

    Daimler Chief Executive Dieter Zetsche on Wednesday said the carmaker is in talks about deepening its cooperation with China's Geely, even as German politicians draw up measures to protect German industry from foreign rivals. In October last year Daimler said it was setting up a ride-hailing joint venture in China with Geely after the Chinese company bought a 9.69 percent stake in Daimler and demanded an alliance, catching German managers off guard. "Countries that pursue industrial policies tend not to be competitive, we did not ask for these measures," Zetsche told journalists in Stuttgart, where Daimler was hosting its annual press conference.

  • Daimler, Geely in talks to expand cooperation into a "bigger dimension"
    Reuters13 days ago

    Daimler, Geely in talks to expand cooperation into a "bigger dimension"

    Daimler Chief Executive Dieter Zetsche on Wednesday said the carmaker is in talks about deepening its cooperation with China's Geely, even as German politicians draw up measures to protect German industry from foreign rivals. In October last year Daimler said it was setting up a ride-hailing joint venture in China with Geely after the Chinese company bought a 9.69 percent stake in Daimler and demanded an alliance, catching German managers off guard. "Countries that pursue industrial policies tend not to be competitive, we did not ask for these measures," Zetsche told journalists in Stuttgart, where Daimler was hosting its annual press conference.

  • Reuters20 days ago

    BRIEF-China's Geely Says Has No Plan To Buy Assets Of Fiat-Chrysler Automobiles

    Jan 31 (Reuters) - China's Zhejiang Geely Holding Group says: * IT HAS NO PLAN TO PURCHASE ASSETS OF FIAT-CHRYSLER AUTOMOBILES Further company coverage: (Reporting by Yilei Sun and Beijing Monitoring Desk)...

  • InvestorPlace20 days ago

    3 Reasons To Be Cautiously Bullish on NIO Stock

    Nio (NYSE:NIO), a leading Chinese electric-vehicle maker, went public in September. The shares quickly spiked from $6.26 to $13.80. But the NIO stock price move proved to be temporary. Currently, it is back near it is initial offering price. With the harsh correction last year, many IPOs have gotten hit hard, but Nio stock had some other issues as well. Let's face it, Chinese tech stocks have been out of favor because of President Trump's tough talk on trade. The result is that major operators like JD.com (NASDAQ:JD) and Alibaba (NYSE:BABA) have have seen steep drops in their stock prices. But for Nio stock, there are also nagging concerns about competition. Consider that home-grown companies like BYD (OTCMKTS:BYDDF) and Geely Automobile Holdings (OTCMKTS:GELYF) have been pouring resources into the EV category. And of course, Tesla (NASDAQ:TSLA) is another formidable rival. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Top Consumer Stocks for 2019 -- According to Wells Fargo So all in all, Nio stock is quite risky, and it seems like a good bet that the volatility will continue. Yet despite this, the company has the opportunity to become a large company in China, which should represent a nice opportunity for investors -- at least for those who can stomach the twists and turns! Here's a look at some of the positives for NIO: ### Nio Stock Advantage: Innovation Nio is a relatively young company, having been founded in 2014. Yet it has made tremendous progress. In 2017, Nio launched the ES8, a high-performance electric SUV. A 7-seater with an aluminum alloy body, it can go zero to 100km per hour in 4.4 seconds. The driving range is also 335km. Then in late 2018, Nio came out with the ES6. It has dual motors, a state-of-the-art braking system and acceleration to 100 km/h in 4.7 seconds. As for the structure of the vehicle, it includes aircraft-grade 7 Series aluminum alloy and carbon fiber. The combination allows for more strength but with less weight. It's also important to note that Nio has been pushing innovation with its AI capabilities. For example, it has developed a speech interactive system, Level-2 autonomous driving and the ability to upgrade the systems via FOTA (firmware-over-the-air). ### Nio Stock Advantage: Execution Over the years, many car startups have failed. One of the main reasons is the challenge of manufacturing. Even a few mistakes and miscues can lead to huge losses. But as for NIO, the company has proven to be quite adept at scaling its operations. It probably helps that it has outsourced production to a Chinese manufacturer (although, NIO will eventually build its own plants). Last year, the company delivered 11,348 ES8s, which exceeded its own forecast. There were also 3,318 deliveries in December alone. For the most part, NIO is showing strong traction. According to NIO founder and CEO William Li: "We will continue to focus on market penetration by delivering high-quality products and holistic services to our users and to improve the system efficiency of our development and operations." ### Nio Stock Advantage: Secular Trends It's true that the slowing Chinese economy will probably be a headwind for Nio. But the long-term prospects for the auto market do look bright. This is especially the case for the premium segment. Based on research from Frost & Sullivan, the compound annual growth rate is projected at 12.4% from 2017 to 2022. And yes, China has the largest market for EVs. Currently, the market share is about 4% of overall auto sales. But the Chinese government has an ambitious plan to take this to about 20% by 2025. * 10 Stocks to Sell in February In other words, NIO is at the sweet spot of strategic market opportunity and so long as the company continues to execute, it is poised for durable growth. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy for the Rest of the Year * 10 Best Consumer Stocks to Buy in 2019 * 10 Triple-A Stocks to Buy in February Compare Brokers The post 3 Reasons To Be Cautiously Bullish on NIO Stock appeared first on InvestorPlace.

  • Volvo says electric car unit Polestar could list one day
    Reuters26 days ago

    Volvo says electric car unit Polestar could list one day

    FRANKFURT/STOCKHOLM (Reuters) - Volvo Cars, owned by China's Geely , could in future seek external investors for its Polestar performance electric car brand and list the unit on the stock market but has no immediate plans to do so, the company said on Thursday. Germany's Capital magazine had earlier quoted Volvo Chief Executive Hakan Samuelsson as saying that Polestar could tap financial investors to help stem the costs of developing new electric powertrains as a precursor to listing.

  • Volvo recalls over 200,000 cars to fix fuel leak issue
    Reuters27 days ago

    Volvo recalls over 200,000 cars to fix fuel leak issue

    Volvo Cars, which is owned by China's Zhejiang Geely Holding Group [GEELY.UL], is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time. The group said its probe had identified that some vehicles may have small cracks inside one of the fuel lines in the engine compartment, which along with a pressurized fuel system may over time lead to fuel leakage in the engine compartment. About 219,000 cars of 11 different models produced in 2015 and 2016 had been affected, the Swedish company said, with the highest number of impacted cars in Sweden, the UK and Germany.

  • Reuterslast month

    Exclusive: British Lotus cars to be 'Made in China' at new Geely plant - documents

    BEIJING/SHANGHAI (Reuters) - The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan (1.01 billion pounds) factory in Wuhan city, company job advertisements and government documents showed. The previously unreported plans are Zhejiang Geely Holding Group's [GEELY.UL] first move to shake up the British brand since its purchase of a majority stake in 2017. The move is in line with Geely's ambitions to build more up-market cars and throw off its reputation for copycat designs and shoddy quality.

  • Exclusive: British Lotus cars to be 'Made in China' at new Geely plant: documents
    Reuterslast month

    Exclusive: British Lotus cars to be 'Made in China' at new Geely plant: documents

    BEIJING/SHANGHAI (Reuters) - The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. The previously unreported plans are Zhejiang Geely Holding Group's [GEELY.UL] first move to shake up the British brand since its purchase of a majority stake in 2017. The move is in line with Geely's ambitions to build more up-market cars and throw off its reputation for copycat designs and shoddy quality.

  • Reuterslast month

    China car sales hit reverse for first time since 1990s

    BEIJING/SHANGHAI, Jan 14 (Reuters) - Car makers in China will face more fierce competition this year, after a tough 2018 when the world's biggest auto market contracted for the first time in more than two decades, the country's top auto industry association said on Monday. Companies such as homegrown Geely and Britain's biggest automaker Jaguar Land Rover have already in recent days flagged caution about China sales in 2019, hit also by Beijing's trade war with the United States.

  • China's Geely says it has not sold Daimler shares, denies Bloomberg report
    Reuterslast month

    China's Geely says it has not sold Daimler shares, denies Bloomberg report

    BEIJING/SHANGHAI (Reuters) - China's Geely Group [GEELY.UL] said it has not sold any shares in Daimler AG (DAIGn.DE), denying a Bloomberg report that the Chinese firm had slashed its 9.7 percent stake in the German carmaker by more than half. "As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged," a Hangzhou-based spokesman for Geely told Reuters on Friday.

  • Geely cuts its Daimler stake by more than half: Bloomberg
    Reuterslast month

    Geely cuts its Daimler stake by more than half: Bloomberg

    Chinese billionaire Li Shufu's Geely Group cut its 9.7 percent stake in carmaker Daimler AG by more than half, Bloomberg reported on Friday, citing people familiar with the matter. Li had taken a 9.69 ...

  • Reuterslast month

    China's Geely denies Bloomberg report, says has not sold shares in Daimler

    BEIJING/SHANGHAI, Jan 11 (Reuters) - Zhejiang Geely Holding Group said on Friday that the company has not sold any shares in German carmaker Daimler AG, denying a Bloomberg report which said the Chinese ...

  • Reuterslast month

    Geely cuts its Daimler stake by more than half - Bloomberg

    Jan 11 (Reuters) - Chinese billionaire Li Shufu's Geely Group cut its 9.7 percent stake in carmaker Daimler AG by more than half, Bloomberg reported https://bloom.bg/2ChAz68 on Friday, citing people familiar ...

  • UK Lotus cars to be 'Made in China' at new Geely plant - documents
    Reuters Videoslast month

    UK Lotus cars to be 'Made in China' at new Geely plant - documents

    The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. Laura Frykberg reports.