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Geely Automobile Holdings ( (HK:0175) ) has provided an announcement.
Geely Automobile Holdings Limited has entered into new agreements to enhance its production and R&D capabilities. The CBUs and CKDs Procurement Cooperation Agreement, effective until December 2027, involves partnerships with Farizon Commercial Vehicles and Shandong Geely New Energy to address production capacity challenges and support new vehicle models. Additionally, the R&D Services and Technology Licensing Agreement, also valid until December 2027, aims to meet the growing demand for R&D and technology licensing services, focusing on NEV technologies and intelligent driver assistance systems. These agreements are expected to strengthen Geely’s operational capacity and market positioning.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$22.50 price target. To see the full list of analyst forecasts on Geely Automobile Holdings stock, see the HK:0175 Stock Forecast page.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a prominent player in the automotive industry, focusing on the production and sale of vehicles under brands such as Geely, ZEEKR, and LYNK & CO. The company is involved in manufacturing complete built units (CBUs) and complete knock-downs (CKDs) and is expanding its capabilities in research and development (R&D) and technology licensing, particularly in new energy vehicles (NEVs) and intelligent driver assistance technologies.
Average Trading Volume: 73,628,837
Technical Sentiment Signal: Buy
Current Market Cap: HK$189.1B
For detailed information about 0175 stock, go to TipRanks’ Stock Analysis page.