Geely Automobile Holdings Ltd (0175.HK)
Wed, Aug 22 2018
BEIJING China's Geely Automobile Holdings Ltd shrugged off intensifying China-U.S. trade frictions on Wednesday, saying that it was likely to beat its 2018 sales targets and would push ahead with global expansion plans.
* Says US-China trade friction will not impact expansion plans
BEIJING, Aug 22 China's Geely Automobile Holdings Ltd said on Wednesday that first-half net profit rose 54 percent over the same period last year, as Chinese consumers snapped up its cars designed with its Swedish luxury auto affiliate brand Volvo.
* Chinese carmaker spending billions on global deals (Adds link to Breakingviews, new sources from minority investors, background)
* GROUP'S EXPORTS VOLUME WAS UP AROUND 187 PERCENT YEAR-ON-YEAR TO 1,860 UNITS IN MONTH OF APRIL 2018 Source text for Eikon: Further company coverage:
* GEELY AUTOMOBILE HOLDINGS LTD'S CHAIRMAN LI SHU FU HAS ADDED 20.15 MILLION SHARES IN THE COMPANY AT AN AVERAGE HK$21.479 ($2.74) PER SHARE ON MAY 2
BRIEF-Aisin Seiki unit to set up automatic transmission production JVs with GAC Motor and Geely Automobile
* Says its unit Aisin AW Co., Ltd., will establish two automatic transmission production JVs with the Chinese automobile manufacturers Guangzhou Automobile Group Motor Co., Ltd.(GAC Motor) and Zhejiang Geely Holding Group Co. Ltd. subsidiary Zhejiang Geely Luoyou Engine Co., Ltd. (Geely Automobile) respectively in 2018
HONG KONG Geely Automobile Holdings Ltd said on Wednesday it would team up with Japanese automobile transmissions maker Aisin Seiki Co Ltd to manufacture front-wheel drive 6-speed automatic transmissions and related components in China.
HONG KONG, April 25 Geely Automobile Holdings Ltd said on Wednesday it would team up with Japanese automobile transmissions maker Aisin Seiki Co Ltd to manufacture front-wheel drive 6-speed automatic transmissions and related components in China.
* GEELY AUTOMOBILE HOLDINGS-UNIT TO ESTABLISH JV WITH AISIN AW TO MANUFACTURE & SELL FRONT-WHEEL DRIVE 6-SPEED AUTOMATIC TRANSMISSIONS & RELATED PARTS