Geely profit beats estimates amid reshuffle, sector scrutiny
Geely Automobile Holdings’ first-half profit beat estimates as sales soared and the carmaker sought to reduce costs, even as the ...
Tag: Geely
Geely to take Zeekr unit private at US$6.83 billion valuation
The carmaker, which already holds 62.8% of Zeekr, has raised its buyout offer from US$2.2 billion in May to about ...
Geely appoints Zeekr head as new group CEO in shakeup
Billionaire Li Shufu is shaking up his sprawling Geely auto empire, lining up a new chief executive weeks after a ...
Geely profits surge on record sales as reshuffle underway
Geely Automobile Holdings, the Hong Kong-listed unit of billionaire Li Shufu’s sprawling auto empire, said that first-quarter profit surged as ...
Geely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own ...
Geely billionaire goes on a cost-cutting spree to catch rivals
Li Shufu, the billionaire behind one of the world’s largest automobile empires, has been doing some soul-searching.In China, Zhejiang Geely ...
Geely signs 2.4 billion euros loan to refinance Volvo truck deal
The borrowing follows a series of refinancing exercises that replaced an original 2.3 billion euros five-year facility from 2017CHINESE billionaire ...
China’s Geely Holding targets over five million units of annual sales by 2027
CHINA’S Geely Holding Group on Sunday (Jan 5) said it aims to sell more than five million vehicles annually by ...
In major Geely shake-up, EV brand Zeekr to take control of Lynk
CHINA’S Geely said on Thursday (Nov 14) its premium electric vehicle maker Zeekr plans to take control of Lynk, a ...
Geely seeks over two billion euros loan to refinance Volvo truck deal
CHINESE billionaire Li Shufu’s Zhejiang Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings ...
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