Geely sent knives to suppliers to bargain? The latest response from both parties!
Source: Securities Times Author: An YuFei Che Auto Enterprises not only send letters to suppliers to negotiate prices, but also "give knives"? Geely has clarified! Recently, the news that "BYD (01211.HK) and SAIC Datong are asking suppliers to reduce prices by 10%" has been fermenting. The incident of the general manager of Geely Automotive (00175.HK) parts purchasing company giving a knife to Chen Yudong, former president of Bosch China in 2023, has also been dug out, interpreted as Geely "sending a knife to negotiate prices." On November 29, Chen Yudong responded on his social media saying: "The knife is real, and the person who gave the knife is a good brother, not for price reduction."
Shenzhen Longli Technology (300752.SZ): Mini-LED and led & optoelectronics automotive display products have been successfully applied to Geely Automobile Group's Geely Star Wish and zeekr brands.
On November 29, Gelonghui reported that shenzhen longli technology (300752.SZ) announced in an investor relations meeting that Geely Auto Group is the company's end customer. The company's Mini-LED and led & optoelectronics vehicle display products have been successfully applied to Geely Auto Group's two brands, Geely Xingyuan and zeekr. The zeekr's first luxury five-seat SUV, the zeekr 7X, features a 16-inch Mini-LED central control screen and a 13.02-inch semi-arc LCD instrument panel screen, while the Geely Xingyuan uses a 14.6-inch floating touch central control screen and a 6.03-inch armrest screen, all of which utilize the company's vehicle display products. In the future, the company will continue to expand.
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Geely autos (00175) issued 0.3055 million shares due to the exercise of warrants.
Geely autos (00175) announced that on November 29, 2024, the company's employees exercised their stock options based on the group...
Survey: BYD (01211.HK) ranks as the sixth largest best-selling car manufacturer globally.
According to data released by automobile manufacturers and research company MarkLines, statistics show that in the third quarter of this year, global automobile sales increased by 38% for BYD (01211.HK) to 1.13 million vehicles, making it the sixth best-selling automobile manufacturer in the world, surpassing one of the three major automobile manufacturers in the usa, Ford (F.US), for the first time. During this period, Zhejiang Geely's sales grew by 14% to 0.82 million vehicles, ranking from 11th last year to 9th this year, marking the first time that two Chinese automobile companies entered the global top ten. Toyota, which ranked first, experienced a 4% decrease in sales to 2.73 million vehicles during this period due to issues related to certification violations and other factors.
Research reports- htsc: Raised Geely Autos' target price to 20.61 Hong Kong dollars, strong new car cycle next year.
Gelonghui on November 29th: HTSC's report states that Geely Autos' third-quarter revenue was 60.4 billion yuan, up 20% year-on-year and 10% quarter-on-quarter; net income was 2.5 billion yuan, up 88% year-on-year. In the first three quarters, the company's revenue was 167.7 billion yuan, up 36% year-on-year; net income was 13.1 billion yuan, up 358% year-on-year. The company's new energy brand turned losses into profits, department integration steadily progressing, maintaining a "buy" rating. The report mentioned that since August, the Galaxy brand has successively released the E5 and Xingyuan models. With the advantage of superior space and smooth car machines, they quickly penetrated the mainstream consumer market. The bank believes that with these 3 models,