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Geely Automobile Holdings ( (HK:0175) ) just unveiled an announcement.
Geely Automobile Holdings Limited announced a significant profit increase for the first quarter of 2025, attributed to record-high sales volumes, growth in new energy business, and strategic optimizations. The company’s profit before accounting changes is expected to rise by 640% to 690%, while after accounting changes, it is projected to increase by 220% to 270%. This growth is driven by successful electrification efforts, globalization strategies, and a net foreign exchange gain due to export business expansion.
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. The company has a strong emphasis on new energy vehicles and is actively pursuing electrification and globalization strategies, aiming to enhance its intelligent manufacturing capabilities.
YTD Price Performance: 0.55%
Average Trading Volume: 68,891
Technical Sentiment Signal: Sell
Current Market Cap: $18.6B
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