Geely Automobile Holdings ( (HK:0175) ) has shared an update.
Geely Automobile Holdings Limited announced the formation of a joint venture (JV) to engage in the intelligent driving business. The JV, established under a framework agreement with several partners, will not be accounted for as a subsidiary of Geely. The JV Company will have a registered capital of RMB200 million, with Geely holding a 30% stake. This strategic move aims to enhance Geely’s position in the intelligent driving sector, potentially impacting its operations and market competitiveness.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the automotive industry. It focuses on the development and manufacturing of automobiles and related components, with a market focus on intelligent driving technologies.
YTD Price Performance: 26.52%
Average Trading Volume: 73,743
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $22.72B
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