Geely Auto 2019 Financial Results Released Showing Revenue of 97.4 Billion and Increased Market Share

March 30, 2020 | Geely Auto Group, Press Release

Geely Auto Group’s Hong Kong listed entity, Geely Automobile Holdings Ltd (HK.0175) (Geely Auto) released its 2019 Financial Results showing a revenue of 97.4 billion RMB, net profit of 8.26 billion RMB, and profit attributable to stockholders of 8.19 billion RMB. In 2019, Geely Auto remained the reigning sales champion among Chinese brands with total sales of 1.362 million units.

Geely Auto Goes Full Contactless with New Car Keys Being Delivered by Drone

March 23, 2020 | Press Release

Geely Auto has improved upon its contactless home delivery system which looks to directly deliver new vehicles to consumers’ homes or place of work rather than collecting from dealerships. The new system will now use drones in select locations to pass new car keys to consumers by delivering directly to their door or balcony, furthering the distance between staff and consumer and creating a truly contactless process.

Geely Auto Receives TÜV Rheinland Recognition for Healthy Car Program

March 5, 2020 | Geely Auto Group, Press Release

China’s leading privately-owned Chinese car brand, Geely Auto, has received official recognition for its efforts in developing ‘healthy vehicles’ that are able to provide clean air and bacteria free vehicles. TÜV Rheinland Group, an international, independent third-party inspection, testing, and certification organization, has issued the first Vehicle Level Solid Particulates/Aerosol Filtering Protection China-mark certificate to Geely Auto in late February 2020, highlighting the work that Geely has undertaken in its promise to develop healthy cars.

Geely Automobile Holdings Limited and Volvo Cars Announce Discussions Regarding Possible Combination of Businesses

February 10, 2020 | Geely Auto Group, Press Release, Volvo Cars

Geely Automobile Holdings Limited (Hong Kong 0175) announces that the management of the company is in preliminary discussions with the management of Volvo Car AB (“Volvo Cars”) regarding a possible restructuring through a combination of the businesses of the two companies (the “Proposed Transaction”) into a strong global group that could realise synergies in cost structure and new technology development to face the challenges in the future. The intention would be to preserve the distinct identity of each of the brands Geely, Volvo, Lynk & Co and Polestar. It is intended that the combined business will be listed in both Hong Kong and Stockholm to enable it to access the capital markets.