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GEELY AUTO

17.520

+0.7404.41%

Volume:137.97M

Turnover:2.40B

Market Cap:176.57B

PE:9.97

High:17.900

Open:16.780

Low:16.340

Close:16.780

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Overview Company News Filings

EV Brand Zeekr Stock Drops After Company to Take Control of Lynk

Geely to Boost Stake in EV Brand; Zeekr to Take Control of Lynk in Major Shake-up

MT Newswires Live

Zeekr CEO: Integration with Lynk & Co to cut costs, boost production efficiency

Zeekr CEO Andy an: the Integration of Zeekr, Lynk & Co Can Reduce R&D Costs by 10% to 20%, BILL of Materials Costs by 5%-8% and Increase Production Capacity Utilization by 3% to 5%

THOMSON REUTERS

Geely's Zeekr to Take Majority Stake in Lynk & Co -- Update

Geely Automobile - Ge Zhejiang Zeekr Agreed to Purchase 20% of Equity Interests in Lynk + Co for RMB3.60 Bln

THOMSON REUTERS

Geely Automobile - Subscription of Increased Capital of Lynk + Co by Zeekr

THOMSON REUTERS

Zeekr Intelligent Technology Holding Ltd - Geely International to Sell 11.3% of Zeekr to Luckview for $806 Million

THOMSON REUTERS

Zeekr Intelligent Technology Holding Ltd - to Subscribe for Lynk & Co Capital Increase for RMB367 Million

THOMSON REUTERS

Zeekr Intelligent Technology Holding Ltd - Geely Auto's Shareholding in Zeekr to Increase to 62.8%

THOMSON REUTERS

Geely Automobile Sees 92% Rise in Q3 Profit

MT Newswires Live

Exclusive: Zeekr Deal Values Lynk & Co at About $2.5 Bln -Source

THOMSON REUTERS

EXCLUSIVE-China's Zeekr to take control of sister brand Lynk, sources say

Exclusive: Zeekr's Plan to Take Majority Control of Lynk & Co Will See Current Part-Owner Volvo Cars Exit the Venture -Sources

THOMSON REUTERS

Exclusive: China EV Maker Zeekr, Owned by Geely, to Take 51% Stake in Sister Brand Lynk & Co -Sources

THOMSON REUTERS

Market Chatter: Geely Dismisses Rumors of Further Stake Reduction in Volvo

MT Newswires Live

Geely Automobile Holdings Qtrly Profit Attributable RMB2,455 Mln

THOMSON REUTERS

Market Chatter: Geely Plans Takeover of German Flying Taxi Startup Volocopter

MT Newswires Live

Stock Track | Geely Auto Soars 5% on Robust China Auto Sales Data

Hang Seng Index Drops Below 20,000; NIO Drops 5%; Alibaba Falls 3%

Tiger Newspress

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Zeekr to Take Control of Lynk in Major Shake-up","url":"https://stock-news.laohu8.com/highlight/detail?id=2483282080","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483282080?lang=en_us&edition=fundamental","pubTime":"2024-11-14 19:04","pubTimestamp":1731582245,"startTime":"0","endTime":"0","summary":"Geely Automobile  will increase its ownership in its NYSE-listed electric vehicle brand ZEEKR Intelligent Technology by acquiring the stake held by its parent firm.Geely Automobile, through subsidiary Luckview Group, will buy GIHK's 11.3% equity interest in Zeekr for $806.1 million, according to a Thursday filing with the Hong Kong Exchange.GIHK is owned by Zhejiang Geely Holding Group, which holds 41% of Geely Automobile.Upon deal completion, Geely Auto's shareholding in Zeekr will increase to 62.8% from 51.5%.In a separate disclosure, Geely said Zeekr would buy the combined 50% stake in Chinese-Swedish vehicle brand LYNK & Co. held by Zhejiang Geely and Volvo Cars  for 9 billion yuan.Once the transaction closes, Zeekr will increase Lynk's registered capital by subscribing to new shares amounting to 367.3 million yuan.This would boost Zeekr's stake in Lynk to 51%, making the sister brand its subsidiary.\"Through strategically integrating the resources of ZEEKR and LYNK & CO, the Group ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["SG9999002828.SGD","BK1589","IE00B0JY6N72.USD","BK4099","ZK","EVS.SI","BK1119","00175","IE00BZ08YS42.EUR","BK1539","80175","GELYY","IE00BZ08YR35.GBP","IE00BZ08YT58.USD","BK1521","LU0315179316.USD"],"gpt_icon":1},{"id":"2483229078","title":"Zeekr CEO: Integration with Lynk & Co to cut costs, boost production efficiency","url":"https://stock-news.laohu8.com/highlight/detail?id=2483229078","media":"Reuters","labels":["corporation","event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483229078?lang=en_us&edition=fundamental","pubTime":"2024-11-14 18:39","pubTimestamp":1731580772,"startTime":"0","endTime":"0","summary":"BEIJING, Nov 14  - Zeekr ZK.N CEO Andy An said on Thursday the integration of Zeekr and Lynk & Co could reduce research and development costs by 10%-20%, materials costs by 5%-8%, and boost production capacity utilization by 3%-5%. ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nP8N3LC0G7:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00BZ08YS42.EUR","BK1539","EVS.SI","ZK","IE00BZ08YR35.GBP","IE00B0JY6N72.USD","LU0315179316.USD","BK1119","00175","BK1589","BK4099","SG9999002828.SGD","BK1521","GELYY","IE00BZ08YT58.USD","80175"],"gpt_icon":0},{"id":"2483064824","title":"Zeekr CEO Andy an: the Integration of Zeekr, Lynk & Co Can Reduce R&D Costs by 10% to 20%, BILL of Materials Costs by 5%-8% and Increase Production Capacity Utilization by 3% to 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2483064824","media":"THOMSON REUTERS","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483064824?lang=en_us&edition=fundamental","pubTime":"2024-11-14 18:39","pubTimestamp":1731580770,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nP8N3LC0G7:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IE00B0JY6N72.USD","SG9999002828.SGD","BK4099","EVS.SI","IE00BZ08YR35.GBP","00175","IE00BZ08YT58.USD","BK1521","BK1589","ZK","GELYY","BK1119","80175","IE00BZ08YS42.EUR","LU0315179316.USD","BK1539"],"gpt_icon":0},{"id":"2483269829","title":"Geely's Zeekr to Take Majority Stake in Lynk & Co -- Update","url":"https://stock-news.laohu8.com/highlight/detail?id=2483269829","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483269829?lang=en_us&edition=fundamental","pubTime":"2024-11-14 18:06","pubTimestamp":1731578760,"startTime":"0","endTime":"0","summary":"Geely Automobile subsidiary Zeekr plans to acquire a 50% stake in Lynk & Co from its parent and Volvo Car, as the Chinese auto group seeks to boost resource utilization and enhance its competitiveness in China's electric-vehicle space.Volvo Car agreed to sell its 30% stake in Lynk & Co to Zeekr for around $748 million, while Geely agreed to sell a 20% stake for 3.6 billion yuan, equivalent to $498.3 million, Geely said in a Hong Kong stock-exchange filing on Thursday.Zeekr also plans to inject 367.3 million yuan of capital into Lynk & Co, Geely said.Following the acquisition and the capital injection, Geely will hold a 49% stake in Lynk & Co, while Zeekr will own 51%, according to the filing. Lynk & Co will become an indirect non-wholly-owned subsidiary of Zeekr, Geely said.The move comes as Geely has been working on maximizing its advantages to become more competitive in the EV market, analysts said.\"Geely has been working on restructuring this year, and this deal is to ensure that bo","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1589","BK1521","BK1539","SG9999002828.SGD","EVS.SI","GELYY","IE00BZ08YT58.USD","80175","LU0315179316.USD","ZK","BK1119","IE00B0JY6N72.USD","00175","IE00BZ08YR35.GBP","IE00BZ08YS42.EUR","BK4099"],"gpt_icon":1},{"id":"2483842942","title":"Geely Automobile -  Ge Zhejiang Zeekr Agreed to Purchase 20% of Equity Interests in Lynk + Co for RMB3.60 Bln","url":"https://stock-news.laohu8.com/highlight/detail?id=2483842942","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483842942?lang=en_us&edition=fundamental","pubTime":"2024-11-14 16:30","pubTimestamp":1731573043,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nFWN3ML0CB:4","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1521","00175","BK1589","IE00BZ08YR35.GBP","GELYY","LU0315179316.USD","BK1539","BK4099","ZK","BK1119","80175","IE00BZ08YT58.USD","IE00B0JY6N72.USD","IE00BZ08YS42.EUR","EVS.SI","SG9999002828.SGD"],"gpt_icon":0},{"id":"2483842903","title":"Geely Automobile -  Subscription of Increased Capital of Lynk + Co by Zeekr","url":"https://stock-news.laohu8.com/highlight/detail?id=2483842903","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483842903?lang=en_us&edition=fundamental","pubTime":"2024-11-14 16:30","pubTimestamp":1731573043,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nFWN3ML0CB:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU0315179316.USD","IE00BZ08YR35.GBP","00175","IE00BZ08YS42.EUR","BK1539","IE00B0JY6N72.USD","80175","BK1589","GELYY","BK1119","BK4099","SG9999002828.SGD","BK1521","EVS.SI","IE00BZ08YT58.USD","ZK"],"gpt_icon":0},{"id":"2483842194","title":"Zeekr Intelligent Technology Holding Ltd - Geely International to Sell 11.3% of Zeekr to Luckview for $806 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2483842194","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483842194?lang=en_us&edition=fundamental","pubTime":"2024-11-14 16:30","pubTimestamp":1731573008,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nTUA9FKKZR:5","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1521","00175","BK1589","IE00BZ08YR35.GBP","GELYY","LU0315179316.USD","BK1539","BK4099","ZK","BK1119","80175","IE00BZ08YT58.USD","IE00B0JY6N72.USD","IE00BZ08YS42.EUR","EVS.SI","SG9999002828.SGD"],"gpt_icon":0},{"id":"2483842136","title":"Zeekr Intelligent Technology Holding Ltd - to Subscribe for Lynk & Co Capital Increase for RMB367 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2483842136","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483842136?lang=en_us&edition=fundamental","pubTime":"2024-11-14 16:30","pubTimestamp":1731573008,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nTUA9FKKZR:3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK1521","SG9999002828.SGD","BK1539","IE00BZ08YS42.EUR","LU0315179316.USD","ZK","BK1589","GELYY","IE00BZ08YR35.GBP","80175","BK4099","EVS.SI","IE00B0JY6N72.USD","IE00BZ08YT58.USD","BK1119","00175"],"gpt_icon":0},{"id":"2483842130","title":"Zeekr Intelligent Technology Holding Ltd - Geely Auto's Shareholding in Zeekr to Increase to 62.8%","url":"https://stock-news.laohu8.com/highlight/detail?id=2483842130","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483842130?lang=en_us&edition=fundamental","pubTime":"2024-11-14 16:30","pubTimestamp":1731573008,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nTUA9FKKZR:4","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4099","BK1521","00175","LU0315179316.USD","BK1119","80175","IE00BZ08YS42.EUR","IE00B0JY6N72.USD","BK1539","IE00BZ08YR35.GBP","IE00BZ08YT58.USD","ZK","EVS.SI","SG9999002828.SGD","BK1589","GELYY"],"gpt_icon":0},{"id":"2483815474","title":"Geely Automobile Sees 92% Rise in Q3 Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=2483815474","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483815474?lang=en_us&edition=fundamental","pubTime":"2024-11-14 13:37","pubTimestamp":1731562643,"startTime":"0","endTime":"0","summary":"Geely Automobile  reported a profit attributable to equity holders of 2.46 billion yuan for the quarter ended Sept. 30, up 92% from 1.28 billion yuan in the previous year's quarter, according to a Thursday filing with the Hong Kong bourse.The revenue for the quarter was 60.4 billion yuan, 20% higher than 50.1 billion yuan in the prior year period.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0315179316.USD","IE00B0JY6N72.USD","EVS.SI","BK1539","BK1119","80175","IE00BZ08YS42.EUR","SG9999002828.SGD","GELYY","IE00BZ08YT58.USD","00175","IE00BZ08YR35.GBP","BK1521","BK1589"],"gpt_icon":0},{"id":"2483818722","title":"Exclusive: Zeekr Deal Values Lynk & Co at About $2.5 Bln -Source","url":"https://stock-news.laohu8.com/highlight/detail?id=2483818722","media":"THOMSON REUTERS","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483818722?lang=en_us&edition=fundamental","pubTime":"2024-11-14 13:02","pubTimestamp":1731560538,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241114:nL8N3ML01U:3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IE00BZ08YS42.EUR","SG9999002828.SGD","80175","LU0315179316.USD","BK4099","EVS.SI","BK1539","GELYY","IE00B0JY6N72.USD","IE00BZ08YR35.GBP","BK1521","ZK","00175","BK1589","BK1119","IE00BZ08YT58.USD"],"gpt_icon":0},{"id":"2483818045","title":"EXCLUSIVE-China's Zeekr to take control of sister brand Lynk, sources say","url":"https://stock-news.laohu8.com/highlight/detail?id=2483818045","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483818045?lang=en_us&edition=fundamental","pubTime":"2024-11-14 13:02","pubTimestamp":1731560538,"startTime":"0","endTime":"0","summary":"HONG KONG/SHANGHAI, Nov 14  - Chinese premium electric vehicle maker Zeekr    plans to take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the matter said.   The move is part of efforts by Geely Holding   , which is the parent company of all three automakers, to streamline its operations and reduce costs.   Zeekr will purchase Volvo Cars' 30% stake in Lynk and a 20% stake from Geely Holding, said the sources who declined to be identified as the discussions were private.   The deal would see both Volvo and Geely Holding fully exit from Lynk & Co and values the Chinese-Swedish brand at around 18 billion yuan , said one of the sources.   Zeekr plans to nudge its stake up to 51% with a capital injection while Geely Automobile Holdings   , Geely Holding's main listed arm, will continue to hold the rest, the person said, adding that the deal is expected to be completed by June next year.   Geely Holding declined to comment.   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This significant rally was fueled by positive auto sales and production data from China, bolstering investor sentiment towards the company.According to the China Association of Automobile Manufacturers, auto sales and production in China witnessed an upswing in October, owing to the government's implementation of pro-growth policy measures. 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