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.

Culture clash as Chinese chief seeks to 'Pimp my Volvo'

Li Shufu

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.

Wednesday, 11 September, 2013, 4:16am

Geely first-half profit rises 37pc as both domestic sales and exports jump

Geely Automobile plans to set up assembly plants in emerging markets in South America and Eastern Europe. Photo: Bloomberg

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

Electric vehicles: Geely revs up, BYD drives into Hong Kong

Hong Kong saw its first electric taxis hit the streets on Saturday in a step towards reducing the city’s high levels of roadside pollution. Photo: SCMP

New moves by Geely and BYD indicate the EV space is gaining momentum among China's domestic automakers, providing a psychological boost for the sector

21 May 2013 - 9:03am

Geely roars past its sales growth target

Geely is keen to speed up export growth over fears that a cap on new car registrations on the mainland may be widened. Photo: Xinhua

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

Chinese cars end up sidetracked in emerging markets

It’s nice, but is it art? A Mercedes AMG SLS sport car on display at the Art Beijing Expo earlier this month. Foreign car brands in China have a cachet that local companies have failed to match. Photo: EPA

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

Chinese carmakers still stuck in slow lane on R&D

Chinese carmakers still stuck in slow lane on R&D

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

Carmakers gain as bird flu fears hit public transport

Workers check components at an assembly line at Geely Auto Ningbo factory in Zhejiang Province. Chinese automakers are expected to benefit from a shift to private transport triggered by bird flu. Photo: Xinhua

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

China's Geely and Sweden's Volvo to join hands on vehicle research work

Geely Chairman Li Shufu. Photo: Xinhua

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

Vehicle makers' shares are boosted by leap in mainland sales

Mainland car maker Geely saw record year-on-year sales growth of 67 per cent in January, which helped push its shares 7.66 per cent higher yesterday. Photo: Bloomberg

Vehicle makers' stocks continued to rally yesterday, with electric-car manufacturer BYD closing above HK$30 for the first time in 21 months after robust sales on the mainland last month.

16 Feb 2013 - 4:13am

Cars: BAIC IPO, Geely goes electric

Geely Automobile Holdings Limited Chairman Li Shufu attends a news conference in Hong Kong in May 2011. Photo: SCMP

News bits from the automobile space indicate the long-awaited IPO by Beijing-based car maker BAIC Motor may finally be coming soon, while the struggling Geely (0175.HK) is chasing a couple of distracting new initi

4 Feb 2013 - 12:50pm 1 comment

Geely's UK investment fails, Volvo next?

Geely wants to forge Volvo into a luxury brand. Photo: EPA

The bankruptcy of Geely's UK investment could foreshadow a similar fate for its Volvo unit, which has been plagued by management turmoil and failure to execute a turnaround plan.

25 Oct 2012 - 2:36pm

Sales cap puts brake on car shares

Car stocks tumbled yesterday following Guangzhou's weekend decision to halve the annual cap on new car registrations.

Mainland car stocks also carried on their slide from Monday, when the Hong Kong market was closed for a public holiday.

4 Jul 2012 - 12:00am

Geely to unveil Volvo venture car next year

Geely Automobile says it will roll out its domestically produced car - developed with Volvo - as early as next year, with a price tag of 100,000 to 300,000 yuan.

The Hong Kong-listed arm of Zhejiang Geely is betting on the rights to use Volvo technology, which will provide a competitive edge in the mid-priced passenger car market.

23 Mar 2012 - 12:00am

Geely and Volvo to work on joint Chinese brand

Zhejiang Geely Holdings Group will soon announce a plan to develop a new Chinese brand with Volvo Car Corp through a 50-50 joint venture.

Although Geely acquired Volvo in 2010, Volvo is still considered a foreign car company, the group's spokesman, Yang Xueliang, said yesterday.

23 Feb 2012 - 12:00am

Flying the flag for safety

Chinese cars have often been punished in overseas crash tests. Videos online show the buckle of the 2005 Jiangling Landwind X6 and 2007 Brilliance BS6 in Europe while the Chery J11 sports utility vehicle scored only two stars in Australian evaluations.

2 Dec 2011 - 12:00am