Geely Automobile Holdings Ltd

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Geely Automobile Holdings Ltd. is an investment holding company, which engages in the research, production, marketing and sale of sedans and related automobile components. It operates through the following geographical segments: People's Republic of China, Malaysia, Eastern Europe, Middle East, Africa, Central and South America, and Other Countries. The company was founded on January 1, 1973 and is headquartered in Hong Kong.

Geely Automobile Holdings Ltd (HKG: 0175) said on Tuesday that its full-year profit posted a 32% decline in 2020. The company said it planned on joining hands with its parent organisation, Zhejiang Geely Holding Group, to launch Zeekr – a new brand that will be specially dedicated to the production of electric vehicles.

Geely Automobile reports a 32% decline in its full-year profit

China's Geely Automobile Holdings Ltd said on Tuesday that its 2020 net profit fell 32%, as auto sales in the world's biggest market was hit by the COVID-19 pandemic.

China's Geely Automobile 2020 profit drops 32% year-on-year

Geely opts for a select business tie-up with Volvo instead of a full-blown merger. The move should still provide plenty of strategic and financial benefits as the company moves toward EVs.

Geely: Recent Strategic Initiatives Move It Closer Towards Its EV Ambitions

Like its American rival, the company aims to sell its cars in dedicated stores.

Report: In Direct Challenge to Tesla, Geely Planning Luxury Electric Vehicle Line

Tesla

Chinese automaker Geely Automobile Holdings Limited (OTC: GELYF) plans to target rival Tesla Inc. (NASDAQ: TSLA) in the high-end segment by launching a new premium EV brand, Reuters reported Thursday, citing people familiar with the matter. What Happened: Geely, the owner of Volvo Cars, plans to roll out electric vehicles under a new brand named “Zeekr”, with different branding and sales strategies, according to the report.

Tesla On Geely's Mind As It Launches A High-End EV Line: Reuters

China's Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles.

Exclusive: Targeting Tesla, China's Geely to launch new premium EV brand - sources

Geely will pour nearly $5 billion into building an electric battery plant in China, as the country's top privately-owned carmaker moves more aggressively to bolster its electric vehicle ambitions in the world's largest market.

Geely is spending $4.6 billion on a battery plant as its EV ambitions grow

Geely said on Monday it would build an electric vehicle battery factory with a planned annual manufacturing capacity of 42 gigawatt hours (GWh) in China's eastern city of Ganzhou, as it expands its EV line-up in the world's biggest car market.

China's Geely to add $5 billion battery plant in EV push

Li Auto Inc.

Volkswagen AG

You don't hear as much about these electric vehicle stocks because they are based outside of the U.S. Expand your opportunities by thinking outside of borders. The post Electric Vehicle Stocks You Probably Haven't Heard Of appeared first on InvestorPlace.

Electric Vehicle Stocks You Probably Haven't Heard Of

Volvo AB

Geely has scrapped plans to merge its business with Volvo and will now focus its global ambitions on a joint venture with the Swedish carmaker on connected cars.

Geely ditches Volvo merger but still needs its partner to go global

Geely is enjoying a strong rebound in demand, with 10 months of improving volumes, including 40% growth in January and 600bp of Chinese market outgrowth. The launch of the new Lynk Zero should re-accelerate Geely's EV platform, with an SUV launch following in 2022.

Geely Back At Cruising Speed And Gaining Share In China's Recovering Auto Market

Geely Automobile and sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said on Wednesday.

Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped

Baidu

Xiaomi Corp

XPeng

Here's the latest news from the growing Chinese electric vehicle sector. Nio Begins Testing Second-Gen Power Swap Station: Nio Inc – ADR (NYSE: NIO), which unveiled its second-generation battery swapping station at the Nio Day event Jan. 9, is progressing well on the project.

China EV Updates: Nio Tests New Power Swap Station, XPeng's Travel Statistics, Geely, Baidu Make Progress On JV, Xiaomi Downplays Rumors

China's Baidu Inc and automaker Geely hired Mobike co-founder and former chief technology officer Xia Yiping as chief executive of their new electric vehicle venture, the search engine giant said on Monday.

Baidu-Geely EV venture names Mobike co-founder as chief

China's Geely plans to set up a firm to explore new approaches to product planning, marketing and sales of electric vehicles (EV), sources said, departing from industry convention whereby EVs are marketed and sold alongside traditional cars.

Geely departs from convention with plan for new EV unit: sources

Baidu has appointed a chief executive officer and decided on a brand for its electric vehicle (EV) venture with Zhejiang Geely Holding Group, the Chinese search engine giant said on Thursday.

Baidu says has decided on a CEO and brand for its EV company with Geely

Like many others in his industry, Geely Chairman Li Shifu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.

Manufacturer for hire: China's Geely sets out to become a force in electric cars

Tencent Holdings Limited

Geely's (GELYY) latest partnership with Tencent will help the EV maker accelerate its digital transformation.

Geely (GELYY) Seals Deal With Tencent for Smart Car Technology

China's Tencent has teamed up with automaker Geely on various car technologies as traditional vehicle manufacturers continue to partner with technology giants.

Tencent teams up with Chinese automaker Geely on driverless and smart car tech

China's Zhejiang Geely Holding Group said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.

China's Geely to work on smart car technologies with Tencent

The electric, autonomous vehicles of the future might be manufactured by Apple's main supplier Foxconn and Chinese automaker Zhejiang Geely Holding Group. The two companies have agreed to form a joint venture focused on contract manufacturing for automakers, with a specific focus on electrification, connectivity and autonomous driving technology as well as vehicles designed for […]

Foxconn, Geely team up to build electric, autonomous and shared vehicles for automakers, startups

The Taiwanese manufacturing giant made another big move into electric cars on Wednesday.

Foxconn Moves to Become the "Foxconn of Autos" in New Deal With Geely

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd.-ADR (OTC: HNHPF), popularly known as Foxconn, and Geely Automobile Holdings Ltd.

Apple Supplier Foxconn, Geely Partner On Automotive Contract Manufacturing Services

Foxconn and Chinese carmaker Geely have created a joint venture aimed at selling manufacturing and services to the global auto industry.

News for Geely Automobile Holdings Ltd Stock (GELYY)