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An announcement from Geely Automobile Holdings ( (HK:0175) ) is now available.
Geely Automobile Holdings Limited has announced an extraordinary general meeting to discuss and potentially approve two significant agreements. The first agreement involves a procurement cooperation with Zhejiang Geely Holding Group and its subsidiaries, aimed at purchasing complete and knock-down units from Farizon Commercial Vehicles Group and Shandong Geely New Energy Group. The second agreement focuses on research and development services and technology licensing with several partners, including ZEEKR, Polestar, and others, to enhance Geely’s technological support and innovation capabilities. These agreements are expected to strengthen Geely’s market position and drive its growth in the new energy vehicle sector.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$19.00 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, primarily engaged in the production and sale of automobiles. The company focuses on developing new energy vehicles and expanding its technological capabilities through strategic partnerships and agreements.
Average Trading Volume: 64,709,779
Technical Sentiment Signal: Buy
Current Market Cap: HK$170.2B
See more insights into 0175 stock on TipRanks’ Stock Analysis page.