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China: Geely’s first half profit dips 20%


Geely Automobile Holdings Ltd, one of the major domestic carmakers in China, announced its six months profit dropped 20%, disrupted by a sales slump at home as major foreign brands continue to gain market share. The company was also hit by unexpected falls in exports to its major overseas markets – Eastern Europe and the Middle East. Geely posted a net ...
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More Geely articles

Geely wants Volvo to make a dent in China’s luxury sales
Li Shufu, the billionaire chairman of one of China’s most successful companies, Geely – now the owner of Scandinavia’s Volvo – sees the European brand ready to catch up with ...
Geely says it’s happy with Volvo’s management
China's Zhejiang Geely Holding Group Co. dismissed concerns that it's unhappy with the direction of its Swedish car-making unit Volvo Cars. The comments came after Friday in a report Reuters said ...
Volvo and Geely open new R&D Centre
Not so long ago, Geely announced it would use in the future technology and car platforms developed by Volvo for its own products, and now a new step towards that ...
After releasing the Volvo jointly developed models, Geely targets U.S. and Europe exports in 2016
We reported earlier this week that Geely Automobile Holdings Ltd, now parent of Volvo Cars intends to profit from its acquisition by developing with the Swedish automaker new models for ...
Geely will offer in 2015 models jointly developed with Volvo
Geely Automobile Holdings Ltd. has bought Volvo Cars in 2010 and will now bear the fruits of the acquisition, delivering jointly developed cars from 2015 in order to compete on ...
Fisker Might Choose Geely as its Partner or Strategic Investor
According to anonymous sources Fisker might choose China’s Zhejiang Geely Holding Group as its partner or strategic investor. "The company has received detailed proposals from multiple parties in different continents which ...
China’s car exports topped 1 million for the first time
China's vehicle exports exceeded 1 million units for the first time last year. According to the latest stats from China's Association of Automobile Manufacturers (CAAM), the country shipped overseas a total ...
Volvo discussing technology tie-ups with Geely brands
Volvo is considering a much deeper integration with its sister Geely brands from China, according to a report from Edmunds. The Swedish carmaker is one of several auto brands owned by ...
Zhejiang Geely reportedly bidding for London cab maker Manganese Bronze
Zhejiang Geely Holding Group has reportedly submitted a bid to by Manganeze Bronze Holdings, the company that makes London's black cabs. According to a Bloomberg report that quotes two people familiar ...



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