Renault and Geely are said to be very close to signing a joint venture agreement that would allow the latter to start manufacturing vehicles in South Korea, with the possible end goal of exporting them duty-free to the United States. The joint venture has not been signed yet, but it is reportedly very close to being made official, after talks began early in 2021.
Report that the joint venture will soon be officially announced, possibly along with a new brand. Renault will reportedly handle the design of the new vehicle, which is rumored to be built on the CMA platform, as well as marketing and sales in China. Geely also wants to start building the Lynk & Co 01 crossover at the Renault-Samsung plant located in the industrial city of Busan, in South Korea. This vehicle is available with regular gasoline-burning, hybrid or plug-in hybrid powertrains, and it looks like Geely wants to build the first two in Korea and set up local part supply chains to make everything work.
The French giant has not been present in China for over a year now and it would be its way of reentering the massive Chinese market, or just a way of getting a better foothold in that part of Asia. Right now, neither of the two manufacturers has said anything about the deal, but they are expected to officially announce their partnership soon.
$GEELY AUTO (00175.HK)$
If you wish to leverage on this consider using DLCs,
5x short $Geely 5xShortSG230126 (DDEW.SG)$
5x long $Geely 5xLongSG230331 (DVPW.SG)$

Hey guys, Let me know your thoughts of me shorting $GEELY AUTO (00175.HK)$  if it goes back to retest the graphical horizontal resistance which aligns with the resistance of the ichimoku cloud and 50% Fibonacci retracement at 24.6. I'm thinking it will respect the resistance there and drop to 21.35 where the next swing low is and I'll have my stop loss probably slightly above the swing high resistance at 27.05 area.
Entry:24.6
Take Profit:21.35
Stop Loss:27.05
$Geely 5xLongSG230331 (DVPW.SG)$ 
$Geely 5xShortSG230126 (DDEW.SG)$ 

Hey all ! Check out $GEELY AUTO (00175.HK)$ , I see price reacting in between a descending channel. Price is currently in the middle of the channel, I am expecting price to make a short-term bullish bounce from the potential pivot level in line with horizontal support, 61.8% Fibonacci projection and 127.2% Fibonacci extension towards the potential take profit level in line with 100% Fibonacci projection and 50% Fibonacci retracement. My short-term bullish bias is further supported with the RSI indicator where we can expect to see a bounce at the ascending trendline support.
Potential Take Profit level @ 24.8
Potential Pivot level @ 21.5
Potential Stop Loss level @ 20.45
$Geely 5xLongSG230331 (DVPW.SG)$
$Geely 5xShortSG230126 (DDEW.SG)$