Major rating | Citigroup: Geely Autos' profitability grew significantly in the first quarter, with a Target Price of 23 Hong Kong dollars.

On April 11, Glonghui reported that Credit Lyonnais issued a report indicating that Geely Autos is expected to achieve significant profit growth, with projected net income for the first quarter ranging from 5.2 billion to 5.8 billion yuan, marking a year-on-year increase of 2.2 to 2.7 times, exceeding market expectations but in line with the bank's projections. Excluding Forex gains of 2 billion to 2.3 billion yuan, the bank anticipates Geely's adjusted net income per vehicle to reach 4,500 to 5,000 yuan, compared to 3,300 yuan in the first quarter of last year. The bank believes that Geely's strong profit growth is mainly due to rapid increases in electric vehicle sales, economies of scale, and cost reductions from technological upgrades. The bank notes that Geely currently has a sales guidance for this year.

Gelonghui FinanceApr 11 10:53 · Ratings

Major Bank Ratings｜Morgan Stanley: Geely Autos' first quarter profit warning meets expectations, giving it a "Shareholding" rating.

On April 11, Glorious reported that Geely Autos issued a profit warning, expecting for the three months ending March this year, after changes in accounting policies, the profit will be between 5.2 billion and 5.8 billion yuan, representing a year-on-year growth of 220% to 270%. Morgan Stanley released a Research Report indicating that the larger Forex gains were mainly due to the appreciation of the Russian Ruble against the Renminbi by approximately 36% in the first quarter. Excluding this one-time Forex impact, the net income for the first quarter is expected to be between 3.2 billion and 3.5 billion yuan, reflecting a year-on-year growth of 105% to 124%, meaning the net income per unit is 4,500 to 5,000 yuan, basically in line with market expectations for the first quarter's performance. Morgan Stanley anticipates that Geely's stock price performance may

Gelonghui FinanceApr 11 10:44 · Ratings

Hong Kong stock Concept tracking | March sales data for New energy Fund is positive, Institutions are Bullish on Chinese car companies potentially gaining more increments in regions such as the European Union and Southeast Asia (with accompanying Concept

In March, the retail sales of New energy Fund vehicles increased by 38% year-on-year, with Institutions indicating that the auto market has entered a recovery cycle.

Zhitong FinanceApr 10 09:52

According to the China Association of Automobile Manufacturers, the retail sales of new energy vehicles in Mainland China increased by 38% year-on-year in March, and the penetration rate rose to 51.1%.

Data released by the China Passenger Vehicle Market Information Joint Conference shows that in March, the retail sales of Electric Vehicles reached 0.991 million units, growing 38% year-on-year and 45% month-on-month. In the first quarter of this year, cumulative retail sales reached 2.42 million units, a year-on-year increase of 36.4%. In March, the retail penetration rate of Electric Vehicles in mainland China for overall Passenger Vehicles was 51.1%, an increase of 8.7 percentage points compared to the same period last year. In domestic retail in March, the penetration rate of Electric Vehicles among independent brands was 72%; among luxury cars, it was 35%; while among mainstream joint venture brands, it was only 6%. Monthly retail share of Electric Vehicles in mainland shows March.

AASTOCKSApr 9 16:19

ZEEKR (ZK.US) has announced its latest smart driving achievements and will first launch electric vehicles with autonomous driving features.

Geely Autos (00175.HK) subsidiary electric vehicle brand ZEEKR (Zeekr) (ZK.US) will begin selling a sports utility vehicle (SUV) capable of Self-Driving Cars, marking a first in the Industry. ZEEKR stated in a release that the 9X SUV will be equipped with H9, the highest version of G-Pilot intelligence driving technology, and will debut at the Shanghai Auto Show in April. The goal is to start deliveries in the second half of this year. Level 3 automated driving means that the vehicle can operate without human driver supervision or intervention. However, approval from regulatory authorities is pending. Additionally, ZEEKR has released its latest intelligent driving achievements. It is reported that,

AASTOCKSMar 19 07:36

Express News | Baidu Maps globally launches intelligent driving level parking navigation.

BreakingsMar 14 14:06