• Wed
  • Sep 3, 2014
  • Updated: 4:10pm

Geely Automobile

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 and Geely record strong profit growth

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

Geely profit rises 32pc as domestic sales, exports surge

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

Business Digest, February 15, 2013

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 falls after Goldman Sachs sells stake

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

Briefs, October 12, 2012

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

Wacky tycoon shouts 'free Chinese cars' from the rooftops

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

Briefs, September 29, 2012

CNOOC may need to sweeten Nexen deal

29 Sep 2012 - 2:31am

China cars: Volvo sputters, GM sails

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

Export growth pushes Geely Automobile past weak local demand

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

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

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