Streetbeat News

GELYF

Geely Automobile Holdings Ltd.

http://www.geelyauto.com.hk/

CEO

Sheng Yue Gui

Industry

Automobile Manufacturing

Open

1.75

Mkt cap

17B

Volume

5.1K

High

1.75

P/E Ratio

9.11

52-wk high

1.96

Low

1.73

Div yield

0.02

52-wk low

0.91

The European Union is considering final tariffs on Chinese electric vehicle (EV) makers to protect its own automobile industry. However, this move could lead to a trade war with China, affecting EU's export-dependent companies and critical raw material supplies. Automakers like BMW and Volkswagen have warned against these tariffs, fearing retaliatory measures from China. The EU remains dependent on China for essential raw materials, complicating the situation.

Portfolio Pulse from European Capital Insights

October 02, 2024 | 2:56 pm

Chinese EV manufacturers, including BYD and Geely, are showcasing their vehicles at the Frankfurt Automechanika fair amid looming EU tariffs. These tariffs could impact their global expansion efforts as they face trade barriers in Europe and North America.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 4:50 pm

Chinese EV manufacturers, including BYD and Geely, are showcasing their products at the Frankfurt trade fair to counteract global trade barriers and expand their presence in international markets. Despite tariffs from the EU, US, and Canada, Chinese automakers are investing in overseas expansion and exploring new markets.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 7:22 am

Volvo Cars has revised its plan to offer only electric vehicles by 2030, now aiming for a mix of battery electric and plug-in hybrid vehicles to account for 90-100% of sales. This change is due to waning EV demand and market conditions, but Volvo remains committed to full electrification long-term.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 7:33 am

Tesla is expected to dominate the robotaxi market despite competitors like Waymo and Baidu having a first-mover advantage. Ark Invest analyst Tasha Kenney highlights Tesla's data scale advantage, while fund manager Gary Black emphasizes the importance of all companies in advancing autonomous driving. Tesla's upcoming robotaxi unveil event could provide more insights.

Portfolio Pulse from Shanthi Rexaline

August 27, 2024 | 12:08 pm

Chinese EV stocks, including NIO, XPeng, Li Auto, and Lucid Motors, rose after China criticized EU tariffs and pledged industry support. The EU imposed additional tariffs on BEV imports but reduced duties for major automakers like Tesla. China's stimulus plans and trade-in programs are boosting EV sales.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 4:23 pm

The European Union has reduced tariffs on Tesla's China-made electric vehicles to 9%, significantly lower than those for other Chinese automakers like SAIC, Geely, and BYD. This move could give Tesla a competitive advantage in the European market amid ongoing trade tensions.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:14 am

Germany and China are negotiating to prevent a tariff war on electric vehicles (EVs) that could impact carmakers in both regions. The EU's proposed tariffs on Chinese EVs could lead to retaliatory tariffs from China on EU-made cars, affecting luxury German brands. The U.S. has also increased tariffs on Chinese EVs, benefiting domestic carmakers.

Portfolio Pulse from Natan Ponieman

June 24, 2024 | 7:46 pm

Geely Auto and STMicroelectronics have signed a long-term partnership to enhance the efficiency of Geely's battery electric vehicles using ST's third-generation SiC MOSFETs. An Innovation Joint Lab will be established to support the development of smart, electrified, and connected cars.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:30 am

Zeekr Intelligent Technology Holding Limited (NYSE:ZK) experienced a strong market debut on the NYSE, with its stock price rising in premarket trading on Monday after a significant gain on Friday. The company, backed by Geely Automobile Holdings Limited (OTC:GELYF), offered 21,000,000 ADRs at $21 each, reaching a valuation of $64.03 billion by Friday's close. The stock opened at $26 per ADS and closed at $28.26, a 34.57% increase. Premarket trading saw a further 3.86% rise to $29.35. Zeekr plans to use the IPO proceeds for BEV technology development, marketing, service and charging network expansion, and general corporate purposes. The debut coincides with potential tariff increases on Chinese EV imports by the Biden administration.

Portfolio Pulse from Shanthi Rexaline

May 13, 2024 | 11:29 am

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