GEELY AUTOMOBILE H News

A deep restoration of the extreme crisis: Baidu and Geely paid several hundred million yuan in aftermath costs. Why has it always been the investors who contribute and bear the costs?

According to a report from Sina Technology by Zhou Wenmeng, the aftermath handling plan for Jiyue employees has finally been arranged. On December 19, a photo of the aftermath plan document for Jiyue employees was leaked. The document shows that Jiyue will provide departing employees with an 'N+1' economic compensation, and social insurance and provident funds will also be paid until December 2024. Additionally, a regulatory co-management Account will be established under the guidance and witness of relevant government departments to pay related expenses, with the funding provided by Baidu and Geely. Sina Technology learned from multiple insiders at Baidu and Jiyue that as of now, the funding paid to Jiyue by investors Baidu and Geely has reached several.

Sina TechnologyDec 20 07:17 ET

Automotive Sector To Remain Robust In 2025 Supported By EV Incentives

Business TodayDec 19 23:59 ET

Financial Associated Press Autos Morning News [December 20th]

① The Passenger Vehicle retail market is expected to be around 2.7 million units in December, an increase of 14.8% year-on-year and a growth of 11.4% compared to the previous month; ② Reporters learned from several informed sources that Chongqing Sokon Industry Group Stock may go for a secondary listing in Hong Kong and will hire China Securities Co., Ltd. and China International Capital Corporation as its listing sponsorship team.

cls.cnDec 19 19:49 ET

Geely Automobile Holdings: Strategic Mergers and Electric Vehicle Expansion Drive Positive Earnings Outlook

TipRanksDec 18 01:15 ET

Geely's 2025 Earnings Outlook Remains Strong -- Market Talk

WSJDec 18 00:04 ET

In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.

Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).

Zhitong FinanceDec 17 18:06 ET

Countdown to "Double New" subsidies: local governments and car companies are both making efforts as the end of the year approaches, and the car market enters the sprint phase.

According to data from the Ministry of Commerce, as of December 13, 2024, the "Double New" subsidy policy has driven Passenger Vehicle sales to exceed 5.2 million units, including over 2.51 million units from scrapped vehicles and over 2.72 million units from replacement vehicles. Meanwhile, many local governments have intensified efforts to implement policies to promote Consumer spending on Autos.

cls.cnDec 17 03:51 ET

China's Auto Sector Price Pressure May Persist Amid Intense Competition -- Market Talk

WSJDec 17 01:38 ET

Most Autos stocks are rising. BYD Company Limited (01211) rose by 2.82%. Institutions expect a higher probability that stimulus policies for the Autos Industry will continue next year.

Jingwu Finance News | Most car stocks rose, with BYD Company (01211) up 2.82%, XPeng Inc. (09868) up 2.4%, Great Wall Motor (02333) up 2.35%, Li Auto (02015) and Geely Automobile (00175) rising less than 1%. The National Bureau of Statistics announced that in November, the industrial added value above designated size increased by 5.4% year-on-year, which is 0.1 percentage points faster than the previous month. Among them, the production of New energy Fund, industrial robots, and integrated circuit products increased year-on-year by 51.1%, 29.3%, and 8.7%, respectively. CITIC SEC Research Reports.

Jinwu Financial NewsDec 16 21:20 ET

Trump Transition Team Proposes EV Policy Rollback

InvestingDec 16 06:34 ET

In November, China's industrial added value above the designated size increased by 5.4% year-on-year, with New energy Fund, Siasun Robot&Automation, and integrated circuits leading the growth.

From January to November, the added value of large-scale industries grew by 5.8% year-on-year. Among them, the production of New energy Fund vehicles, Siasun Robot&Automation, and integrated circuit products increased by 51.1%, 29.3%, and 8.7% respectively.

wallstreetcnDec 15 21:18 ET

CITIC SEC: It is expected that stimulus policies for the Autos Industry will continue next year, and the dawn of the Industry has already appeared.

CITIC SEC released a Research Report stating that the probability of continuing the stimulus policies in the Autos Industry next year is high, and there are signs of the industry emerging from its internal competition.

Zhitong FinanceDec 15 19:31 ET

Cui Dongshu: In November, sedan retail sales were lower than SUV retail sales, and the SUV market is experiencing strong premiumization.

Various car manufacturers are also starting to use the Singles' Day Sales promotions and the mid-month Guangzhou Auto Show to increase Consumer attention, along with multiple favorable factors, collectively driving further enhancements in the heat of the car market in November.

Zhitong FinanceDec 14 04:14 ET

Extreme management insider reveals: spent 0.5 million yuan to host a hot pot gathering, and a single live broadcast earned seven to eight million.

Sina Technology News, on the afternoon of December 14, reported that after Geely and Baidu issued a joint statement about Geely Autos yesterday, stating that they would actively assist the management of Jidu in handling related matters. Today, a mid-level employee from Jidu exposed more issues regarding the daily management of CEO Xia Yiping during an interview with a media outlet. According to the employee, Xia Yiping held many hot pot gatherings, inviting car owners to hot pot, with each event costing over 0.5 million yuan. "As a Venture, expenditures should be strictly controlled, but the reality is a loss of compliance and internal audit supervision in supplier procurement." It has been revealed that Xia Yiping acts on his own.

Sina TechnologyDec 14 03:03 ET

Market Chatter: EV Maker Jiyue to Downscale Operations

MT NewswiresDec 13 05:05 ET

Express News | China's Geely, on Ji Yue Auto:Baidu and Geely Are Solving Employees' Social Insurance Payment Issues

ReutersDec 13 04:38 ET

Ping An Securities: The era of extended-range vehicles 2.0, resonance of expansion and iteration.

The trend of range extender vehicle expansion is certain, and technological iterations (higher pure electric range, super-fast charging, and improved low-temperature performance) along with cost advantages will provide range extender vehicles with several times the capacity for expansion in the medium to long term.

Zhitong FinanceDec 13 02:45 ET

A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.

The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.

wallstreetcnDec 12 22:04 ET

China's Auto Sector Gets Boost From National Trade-in Policy in November

MT NewswiresDec 12 03:16 ET

China's Auto Circulation Association: The used car market was significantly active in December, with an average daily Trade volume reaching 0.0666 million vehicles.

On December 12, the China Automobile Dealers Association released the weekly report on the used car market.

Zhitong FinanceDec 12 03:05 ET