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The latest announcement is out from Geely Automobile Holdings ( (HK:0175) ).
Geely Automobile Holdings Limited has announced the completion of the internal and external approval process for the formation of a joint venture (JV) with Chongqing Industrial Master Fund, effective from April 9, 2025. The JV will be structured with Geely holding a 30% stake, alongside other partners including Chongqing Maichi, QL Partnership, Lotus Robotics, and the Employee Incentive Platform. The JV aims to operate for an initial term of 20 years, with governance structured through a board of directors and shareholder meetings. This strategic move is expected to enhance Geely’s market positioning and operational capabilities in the automotive sector.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$23.00 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 design, development, manufacturing, and sale of automobiles. The company focuses on producing a wide range of vehicles, including sedans, SUVs, and electric vehicles, catering to diverse market demands.
Average Trading Volume: 85,318,577
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$178.9B
For detailed information about 0175 stock, go to TipRanks’ Stock Analysis page.