Geely is a Chinese carmaker which sells cars under the brands Emgrand, Englon, Geely, Gleagle and Volvo, which it acquired from Ford Motor in 2010 for US$1.8 billion. A Geely unit is listed on the Stock Exchange of Hong Kong.
Mainland carmaker Geely Automobile posted a 46 per cent fall in profit last year, dragged down by lacklustre exports and losses on operations in Russia, but the company sees a better year ahead, with domestic sales expected to pick up.Thursday, 7 May, 2015, 1:03pm
BYD yesterday said net profit soared 579 per cent last year to 553.09 million yuan (HK$692.8 million) following improved performances in its car, phone components and battery businesses.
Turnover rose 12.1 per cent to 49.77 billion yuan.7 May 2015 - 1:03pm
The strategic path Volvo Car plans to follow is in question because of discord at the board level between new Chinese ownership and traditional European ways, according to two people familiar with the situation.7 May 2015 - 2:35pm
Volvo has realised that safe is better than sexy.
After several years adrift, as it changed owners and flirted with sexier advertisements, the Swedish carmaker is in the midst of a US$11 billion turnaround plan that it hopes will nearly double worldwide sales to 800,000 by 2020.7 May 2015 - 2:35pm
Safe, solid and understated in a Swedish way, or a wannabe luxury brand pandering to a Chinese taste for excess and ‘bling’: that’s the debate causing ripples at the top of Volvo Car Corp, under Chinese ownership since 2010.11 Sep 2013 - 4:16am
Net profit for the six months to June rose 37 per cent to 1.4 billion yuan, the company said in a statement filed with the Hong Kong stock exchange. Analysts had been expecting 20 per cent profit growth.23 Aug 2013 - 1:50am
Three years after buying Volvo Cars, mainland tycoon Li Shufu may get to compete with BMW and Volkswagen's Audi on a more level playing field in his own country.7 May 2015 - 2:35pm
New moves by Geely and BYD indicate the EV space is gaining momentum among China's domestic automakers, providing a psychological boost for the sector21 May 2013 - 9:03am
Sales at mainland carmaker Geely Automobile in the first four months of this year are already well ahead of its target growth rate, the company said, and it predicted a strong second half as long as the government did not further limit new car sales.17 May 2013 - 6:28am
A funny thing happened on the way to China’s drive to build a world-beating auto industry: It got sidetracked.
Instead of Chinese cars finding a ready market among its newly affluent people, and then establishing itself in developed markets where Japan and South Korean car makers have already blazed a trail, China’s auto-sector may be stuck in a blind alley.16 May 2013 - 11:04am
Brilliance Auto - one of the most profitable Chinese carmakers and a joint-venture partner with BMW - invested just five million yuan (HK$6.27 million), or 60 yuan per vehicle, to develop its own minibus last year, based on the firm's documents.11 Apr 2013 - 5:07am
Bird flu worries are continuing to reverberate through the mainland's stock markets, with carmakers' shares now rising on expectations that more people will use private cars rather than risk exposure to H7N9 by using public transport.10 Apr 2013 - 5:52am
Chinese carmaker Geely said on Wednesday its last year net profit jumped 32 per cent, helped by recovering domestic sales and strong growth in exports. The owner of Swedish nameplate Volvo, Geely said its net profit for the year ended December 31, last year was 2.04 billion yuan (US$328 million), up from 2011’s 1.54 billion yuan, in a filing to the Hong Kong stock exchange where it is listed.7 May 2015 - 1:03pm
Guangzhou Automobile Industry Group, Zhejiang Geely and Wanxiang Qianchao are among companies that have sold 8.2 billion yuan (HK$10.1 billion) of debt so far this year, compared with 2.5 billion yuan a year earlier, according to data compiled by Bloomberg. Overall corporate bond sales rose 21 per cent to 399 billion yuan.7 May 2015 - 2:35pm
Geely is to build a research centre with Volvo Cars in Volvo's home country, Sweden, the first time a mainland carmaker has moved its research and development work overseas.21 Feb 2013 - 6:07am