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Guolian: Geely Auto (00175) has obvious advantages in growth and leading advantages in the product cycle of vehicle models, rating "buy".
Guolian Securities stated that among the brands, Geely's new energy old models have a leading cost performance after price adjustments, while the new car cycle has strong ability.
[Brokerage Focus] Haitong Securities gives Geely Auto (00175) a "outperform" rating, expecting the strong growth momentum of sales to continue.
Haitong Securities released a research report indicating that Geely Auto (00175) will achieve sales of over 1.68 million vehicles in 2023, a year-on-year increase of 17.7%, and new energy vehicle sales of 0.487 million vehicles, accounting for 28.9%. In May 2024, it achieved sales of nearly 0.79 million vehicles, a year-on-year increase of 45%, continuing its strong growth momentum, with new energy vehicle sales of 0.254 million vehicles, accounting for 32.2%. The bank noted that Geely Auto has maintained a high level of sales in recent years. With the clear structure of the company's brand and the gradual formation of its technology platform, the achievements of intelligence have begun to take root. The bank believes that the public...
Geely invested in and established a new energy commercial vehicle company in Inner Mongolia.
Jinwu Finance News | According to the Qichacha APP, Inner Mongolia Remote New Energy Commercial Vehicle Co., Ltd. was recently established with a registered capital of 50 million yuan, which includes operation in new energy autos sales, auto parts and accessories manufacturing, auto sales, as well as infrastructure operations of electric vehicle charging. Qichacha's equity penetration shows that the company is owned 70% by Zhejiang Geely Remote New Energy Commercial Vehicle Group Co., Ltd. and 30% by Inner Mongolia Jiantong Technology Development Group Co., Ltd.
Chinese EV Brand Zeekr Eyes European Manufacturing To Avoid EU Tariffs: Report
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Beijing Offers Extra 20,000 EV Quotas in 1st Relaxation of Car Purchase Policy Since 2011
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