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.
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.Thursday, 20 March, 2014, 1:09am
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.21 Mar 2013 - 12:22am
The European Union proposed a tax on financial transactions that could be collected worldwide as soon as next year by the 11 countries that have so far signed up to participate.15 Feb 2013 - 5:27am
Geely Automobile fell the most in three months in Hong Kong trading after Goldman Sachs Principal Investment Area sold shares at a 7.8 per cent discount.29 Nov 2012 - 1:48pm
AIA confirms it is buying ING Malaysia
AIA, the third-largest Asia-based insurer, agreed to buy ING's insurance business in Malaysia for about €1.3 billion (HK$13 billion) in its largest acquisition as a listed company. The purchase will boost the percentage of profit AIA gets from Malaysia to 13 per cent from 8 per cent. Bloomberg
12 Oct 2012 - 3:00am
A Chinese philanthropist known for his populist gestures has pledged to give domestically-made cars to more than 40 people whose vehicles were damaged in widespread anti-Japan protests last month.
The protests erupted in cities across China over a dispute involving islets in the East China Sea, and saw some demonstrators targeting Japanese-brand cars.12 Oct 2012 - 4:39am
CNOOC may need to sweeten Nexen deal29 Sep 2012 - 2:31am
Volvo is rapidly running into trouble and could eventually pull down Geely, while GM is consolidating its market leading position through strong growth for its low-end cars.26 Sep 2012 - 12:42pm
A sharp growth in exports not only rescued mainland carmaker Geely Automobile from weakening demand at home but also made it one of the best performers among its domestic rivals in the first half of this year.23 Aug 2012 - 9:11am
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 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
A new government procurement policy that was hailed as a lifeline for the mainland's carmakers may not be what it first seemed, after a top official clarified last Friday that government leaders are not bound by the new rule.12 Mar 2012 - 12:00am
The European Union Chamber of Commerce in China dismissed suggestions that it would mobilise retaliation against Beijing's proposal to exclude foreign carmakers from a public fleet procurement programme expected to be worth 12 billion yuan (HK$14.7 billion) a year.6 Mar 2012 - 12:00am
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
In 2000, the year preceding China's entry into the World Trade Organisation, there were 2.06 million new cars, trucks and buses sold on the mainland.
Last year, the figure soared to 18.04 million. Indeed, no market anywhere has grown as fast or, since 2009, sold as many vehicles as China.10 Dec 2011 - 12:00am