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[Broker Focus] GF Securities maintains Geely Auto (00175) “buy” rating, indicating outstanding sales performance of Geely Galaxy Series and Linker 08 in '23
Jinwu Financial News | According to the GF Securities Research Report, Geely Auto (00175) released its 2023 financial report to achieve revenue of 179.20 billion yuan, +21.1% year-on-year, and achieved net profit of 5.31 billion yuan, or +0.9% year-on-year. The company's sales volume for the full year of '23 (including Linker & Ruilan) was 1.687 million units, +17.7% year-on-year. The company's sales performance for the Geely Galaxy series and Linker 08 in '23 was impressive. In '23, H2's NEV sales volume (including Krypton, Linker, and Ruilan) was 330,000 units, accounting for 33.2% of NEV sales, an increase of 10.5 pct over the previous month. The company's new
Jefferies Adjusts Geely Automobile's Price Target to HK$11.20 From HK$9.60, Keeps at Buy
02:35 AM EDT, 03/28/2024 (MT Newswires) -- Jefferies Adjusts Geely Automobile's Price Target to HK$11.20 From HK$9.60, Keeps at Buy Price (HKD): $9.24, Change: $+0.12, Percent Change: +1.32%
Horizon submitted A1, customers included the top ten domestic OEMs, and revenue and gross profit continued to grow
Revenue and gross profit have more than tripled in three years, and gross margin has stabilized at around 70%
China's NEV Retail at 490,000 in Mar 1-24, up 84% From Same Period Last Month
China's retail penetration of NEVs was 47.67 percent in the March 1-24 period. The post China's NEV retail at 490,000 in Mar 1-24, up 84% from same period last month appeared first on CnEVPost. For more articles, please visit CnEVPost.
Geely Shows off 'World's First' Driverless Drifting Tech
In a video, a test vehicle performs fully unmanned autonomous driving on snow and ice, as well as autonomous drifting, a performance Geely said is comparable to that of a professional race car driver.
Nio Partners With Geely on EV Charging Services
EVs from brands including Geely, Lynk & Co, Zeekr, Polestar, and Smart will be able to use Nio's chargers in their apps' charging maps.
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AnaiAnaiOP : Nice collaboration. Geely turnes around Proton Msia National Car. Hope can work well with Nio.