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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Geely Automobile Holdings Limited    175   KYG3777B1032

GEELY AUTOMOBILE HOLDINGS LIMITED

(175)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 08/13
16.74 HKD   -1.41%
08/12GEELY AUTOMOBILE HOLDINGS LIMITED : half-yearly earnings release
08/11GEELY AUTOMOBILE : Exercise of call option
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08/10China auto sales surge in July, log fourth straight month of gains
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China eases green rules for petrol-electric hybrids, giving makers space to manoeuvre

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06/21/2020 | 11:32pm EDT
A Toyota Levin plug-in hybrid vehicle is displayed during a media preview of the Auto China 2018 motor show in Beijing

China re-classified petrol-electric hybrid vehicles on Monday so they get more favourable treatment than all-petrol or diesel counterparts under new clean car rules, making it easier for automakers to meet environment quotas and offer more choice.

China has some of the world's strictest rules regarding the production of fossil-fuel vehicles, as it battles unhealthy levels of air pollution in its crowded cities.

Those rules have pushed both domestic and international automakers including Tesla Inc and Volkswagen AG to spend billions of dollars on the development and production of new energy vehicles (NEVs), such as all-electric, plug-in hybrid and hydrogen fuel cell vehicles. Plug-in hybrid technology differs from that of petrol-electric hybrid vehicles.

Automakers in China are obliged to manufacture NEVs to win "points" to make up for a portion of the negative points they incur when they produce internal combustion engine vehicles.

However, the system has been criticised for offering few incentives for automakers to improve petrol cars' efficiency.

The policy published on Monday by China's Ministry of Industry and Information Technology allows automakers to gradually make more petrol-electric hybrids and less of the more costly all-electric vehicles from 2021 through 2023.

Such hybrids would still be considered fossil-fuelled but re-classified as "low fuel consumption passenger vehicles". Significantly, the number of negative points incurred for making petrol-electric hybrids will be less than for petrol-only vehicles.

That could see more of those traditionally powered vehicles replaced with petrol-electric hybrids, experts and industry officials said, because when automakers produce those hybrids, they would not have as many negative points to make up for.

Experts have said the beneficiaries of such change would include global petrol-electric hybrid leaders Toyota Motor Corp and Honda Motor Co Ltd, as well as Chinese makers Geely Automobile Holdings Ltd, Guangzhou Automobile Group Co Ltd and supplier Hunan Corun New Energy Co Ltd.

China hopes NEVs will account for around a quarter of all vehicles sold in the country by 2025.

(Reporting by Yilei Sun and Norihiko Shirouzu; Editing by Christopher Cushing)

Stocks mentioned in the article
ChangeLast1st jan.
GEELY AUTOMOBILE HOLDINGS LIMITED -1.41% 16.74 End-of-day quote.9.84%
GUANGZHOU AUTOMOBILE GROUP CO., LTD. -2.17% 7.65 End-of-day quote.-21.13%
HONDA MOTOR CO., LTD. 0.29% 2763 End-of-day quote.-10.84%
HUNAN CORUN NEW ENERGY CO., LTD. 0.24% 4.16 End-of-day quote.-5.45%
TESLA, INC. 5.71% 1639.02 Delayed Quote.271.66%
TOYOTA INDUSTRIES CORPORATION 1.64% 6180 End-of-day quote.-2.37%
TOYOTA MOTOR CORPORATION 0.57% 7285 End-of-day quote.-5.56%
VOLKSWAGEN AG -1.18% 138.92 Delayed Quote.-20.19%
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All news about GEELY AUTOMOBILE HOLDINGS
08/12GEELY AUTOMOBILE HOLDINGS LIMITED : half-yearly earnings release
08/11GEELY AUTOMOBILE : Exercise of call option
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08/10China auto sales surge in July, log fourth straight month of gains
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08/06GEELY AUTOMOBILE : Unaudited sales volume in july 2020
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08/04GEELY AUTOMOBILE : Monthly Return for the month ended 31/7/2020
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07/29POLL RESULTS OF THE EXTRAORDINARY GE : 00 p.m.
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07/27GEELY AUTOMOBILE : Revised arrangements for the extraordinary general meeting
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Financials
Sales 2020 93 735 M 13 501 M 13 501 M
Net income 2020 8 065 M 1 162 M 1 162 M
Net cash 2020 17 430 M 2 511 M 2 511 M
P/E ratio 2020 19,6x
Yield 2020 1,27%
Capitalization 164 B 21 194 M 23 660 M
EV / Sales 2020 1,57x
EV / Sales 2021 1,32x
Nbr of Employees 43 000
Free-Float 58,5%
Chart GEELY AUTOMOBILE HOLDINGS LIMITED
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Geely Automobile Holdings Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends GEELY AUTOMOBILE HOLDINGS
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 15,95 CNY
Last Close Price 16,74 CNY
Spread / Highest target 63,4%
Spread / Average Target -4,73%
Spread / Lowest Target -57,1%
EPS Revisions
Managers
NameTitle
Sheng Yue Gui Chief Executive Officer & Executive Director
Wen Ze Xu President
Shu Fu Li Chairman
Siu Lun Ang Executive Director
Jian Yang Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
GEELY AUTOMOBILE HOLDINGS LIMITED9.84%21 498
TOYOTA MOTOR CORPORATION-6.09%189 413
VOLKSWAGEN AG-20.19%87 687
DAIMLER AG-13.67%53 870
BMW AG-19.51%45 123
HONDA MOTOR CO., LTD.-11.10%44 502