{
Geely

Companies

}
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001122334455554433221100

China and Europe move closer to electric vehicle tariff agreement

Chinese automakers are poised to strengthen their presence in Europe as discussions on electric vehicle tariffs progress, with a potential agreement involving a price undertaking to prevent undercutting. Meanwhile, global automakers face challenges in both Europe and China, with significant layoffs and a looming price war as competition intensifies. UBS analysts suggest that foreign carmakers should pivot towards affluent consumers and leverage China's advancements in technology and R&D to remain competitive.
TechNode
Euro United States Dollar Geely BYD Ford Honda Motor Co., Ltd. SAIC-Volkswagen Bosch Volkswagen AG Nissan Motor Co., Ltd. CHN JPN DEU Paul Gong Bernd Lange Show more
TradFi, Market Report
11:51 26.11.2024

China's plugin vehicle sales soar to 53 percent market share in October

Plugin vehicles in China achieved a record 53% market share in October, with over 1.19 million sales, marking a 57% year-over-year increase. BYD dominated the market, securing eight of the top ten spots, led by the BYD Song, while Tesla's Model Y ranked sixth. The overall market is projected to approach 50% electrification by year-end, with significant growth in both BEVs and PHEVs.
CleanTechnica
SAIC Li Xiang XIAOMI-W Volkswagen AG Zeekr Cadillac Chevrolet Honda Motor Co., Ltd. Toyota Hyundai Changan Geely GAC Tesla, Inc. FAW Li Auto Inc. Buick Leapmotor XPeng Inc. Wuling BYD CHN Show more
Technology & Innovation, Market Report
15:22 22.11.2024

vidia earnings impact markets as investors weigh growth expectations

U.S. markets rose after Nvidia's impressive earnings report, with the S&P 500 up 0.53% and the Dow Jones climbing 1.06%. Despite Nvidia's revenue nearly doubling, its shares only increased 0.5% due to concerns over slowing growth and conservative sales projections. In contrast, Snowflake's stock surged 32.7% after a 28% revenue increase, highlighting how market expectations can significantly influence share movements.
CNBC
United States Dollar Geely Alphabet Inc. HSBC General Motors Company Nissan Motor Co., Ltd. BYD Snowflake Inc. Volkswagen AG NVIDIA Corporation CHN USA IND JPN Gautam Adani Saira Malik Show more
Finance & Economy, Market Report
08:30 22.11.2024

foreign automakers face challenges in adapting to chinas electric vehicle market

Foreign automakers are struggling to maintain their market share in China's rapidly evolving electric vehicle sector, with many facing declining revenues and increased competition from domestic brands like BYD and Geely. Analysts suggest that partnerships with local companies are essential for survival, as traditional fossil fuel-based manufacturers adapt to a market where new energy vehicles dominate. Despite the challenges, foreign firms are investing in joint ventures and advanced technologies to remain competitive, though the landscape remains fiercely competitive.
CNBC
United States Dollar Chinese Yuan Huawei Toyota Pony.ai NVIDIA Corporation Kia Audi Tesla, Inc. SAIC Geely General Motors Company Nissan Motor Co., Ltd. Leapmotor Volkswagen AG Stellantis N.V. BYD USA CHN DEU JPN THA Yiming Wang Jing Yang David Dinkins Stephen Dyer Mary Barra Show more
Finance & Economy, Market Report
06:04 22.11.2024

volkswagen group faces challenges as ev sales fluctuate in germany

In October, electric vehicles (EVs) captured a 23.6% market share in Germany, a decline from 24.5% year-over-year and below October 2021 levels. The economic downturn and high BEV prices hinder consumer adoption, while traditional petrol and diesel vehicle sales have risen. The Volkswagen Group leads the BEV market, with the Skoda Enyaq topping sales, followed by the VW ID.7 and ID.4/ID.5.
CleanTechnica
Euro United States Dollar Geely Volkswagen Group Tesla, Inc. Volvo Renault SA MINI Ford BMW Kia Cupra Smart Porsche Citroen DEU CHN NOR SWE ESP FRA ITA NLD Show more
Finance & Economy, Market Report
14:05 10.11.2024

China urges automakers to pause investments in EU nations supporting EV tariffs

China has instructed its automakers to pause significant investments in European countries that support new tariffs on Chinese electric vehicles, which can reach up to 45.3%. This directive follows a divided EU vote, with ten countries backing the tariffs, while others, including Germany, opposed them. The move aims to leverage negotiations with the EU and mitigate potential declines in EV exports, which are crucial for the Chinese market.
CNBC
United States Dollar Euro Saic Motor Corporation Ltd. Chery Dongfeng Motor Group Company Limited BYD Co. Ltd. Geely FRA GBR ITA ESP POL CHN NLD DEU HUN Sophie Primas Pedro Sanchez Show more
Regulatory & Legal, News Article
06:27 31.10.2024

xiaomi delivers 20000 electric vehicles in october amid competitive market

Xiaomi delivered over 20,000 SU7 electric vehicles in October, aiming for 100,000 by the end of November. The company also announced preorders for the high-end SU7 Ultra, priced at over $110,000, which received 3,600 orders within 10 minutes. Analysts predict Xiaomi will deliver 250,000 cars next year, bolstered by its competitive pricing and recent performance on the Nurburgring race track.
CNBC
Chinese Yuan BYD Co. Ltd. Geely XIAOMI-W Tesla, Inc. CHN Sonia Heng Brian Tycangco Show more
Technology & Innovation, Market Report
05:07 30.10.2024

tesla prepares for third quarter earnings amid competitive pressures and investor concerns

Tesla is set to report its third-quarter earnings, with analysts expecting earnings per share of 58 cents and revenue of $25.37 billion. Despite a 6% year-over-year increase in vehicle deliveries to 462,890, the figures fell short of expectations, prompting concerns over margins due to ongoing discounts. CEO Elon Musk's political activism and the competitive landscape, particularly from Chinese automakers and U.S. legacy manufacturers, add to investor uncertainty, as Tesla's stock has declined 13% this year. Shareholders are eager for updates on robotaxi development and the Cybertruck's performance amid quality issues.
CNBC
United States Dollar Geely Li Auto Inc. Tesla, Inc. Ford Motor Company SpaceX BYD Co. Ltd. General Motors Company NIO Inc. USA CHN Donald Trump Elon Musk Show more
Finance & Economy, Market Report
18:00 23.10.2024

China's plugin vehicle sales soar to 53 percent market share in September

Plugin vehicles in China achieved a record 53% market share in September, with over 1.1 million sales, marking a 51% year-over-year increase. BYD dominated the market, securing five of the top six spots in sales, while Tesla's Model Y remained a strong competitor. The overall market is projected to reach around 50% electrification by the end of the year, with significant growth in both BEVs and PHEVs.
CleanTechnica
Chinese Yuan Honda Motor Co., Ltd. Guangzhou Automobile Group Co., Ltd. NIO Inc. Buick Li Auto Inc. Chevrolet OF Milford Inc. Zhejiang Chang'an Renheng Technology Co., Ltd. Geely SAIC Motor Corporation Limited Wulingquwenyangfuzhuangdian XPeng Inc. BYD Co. Ltd. Zhejiang Leapmotor Technology Co., Ltd. Tesla, Inc. USA DEU CHN Show more
Technology & Innovation, Market Report
02:14 23.10.2024

saxo bank to close offices in hong kong and shanghai

Saxo Bank, based in Copenhagen and backed by Chinese auto group Geely, is closing its offices in Hong Kong and Shanghai while scaling back operations in Tokyo due to a sluggish Chinese economy. This strategic retreat will impact 10 staff members as the bank reassesses its presence in Asia.
Nikkei Asia
Saxo Bank A/S Geely CHN JPN DNK Show more
TradFi, News Article
09:00 24.09.2024
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