GELYY GEELY AUTOMOBILE H
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GEELY AUTOMOBILE H News
Geely Auto announced on the Hong Kong Stock Exchange on the evening of May 16 that the board of directors resolved on May 16, 2024 to declare a special dividend of approximately HK$75.21 million to shareholders according to the distribution method describ
Geely Auto announced on the Hong Kong Stock Exchange on the evening of May 16 that the board of directors resolved on May 16, 2024 to declare a special dividend of approximately HK$75.21 million to shareholders in accordance with the distribution method described below, or (a) distribute approximately HK$0.007474 per share based on the total number of 10,063,382,383 issued shares as of the date of this announcement; or (b) based on the offering price of US$21 per American depositary share of American Depositary Shares to be distributed to each eligible shareholder Benchmark Assignment Assignment American Depository The stock will be worth 1.00 US dollars
Express News | Geely Auto Announces Special Dividend in Kind
Geely Auto (00175) will distribute special dividends in kind totaling approximately HK$75.21 million
Geely Automobile (00175) announced that in order to properly take into account the interests of shareholders in accordance with the provisions of Section 15 of the Application Guidelines, the board of directors...
DISTRIBUTION IN SPECIE
Express News | The Ministry of Commerce responds to the so-called “overcapacity theory”
China NEV Retail at 241,000 in May 1-12, up 10% From Same Period Last Month
China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.
China Automobile Association: Automobile exports of 504,000 vehicles increased 0.4% month-on-month in April, up 34% year-on-year
Automobile exports maintained rapid year-on-year growth in April 2024.
Express News | Will the US further impose tariffs on China's electric vehicles? China Chamber of Commerce for Import and Export of Electromechanical Products: It will not have a big impact on the overall export data of electric vehicles and other industries
Intraday Overview | The Hong Kong stock index fluctuated higher, domestic housing stocks rose strongly, and COSCO Group rose more than 46%
Property management stocks followed the strengthening of domestic housing stocks. Greentown Services rose more than 16%, Shimao Services rose more than 15%; after Tencent's performance, it rose more than 4%, and Alibaba fell nearly 3%.
Express News | Five departments: carry out activities for new energy vehicles to go to the countryside in 2024
Passenger Federation: Retail sales of 241,000 vehicles in the NEV market increased 31% year-on-year from May 1-12
On May 15, the latest data from the Passenger Transport Federation showed that on May 1-12, the NEV market retailed 241,000 vehicles, an increase of 31% over the same period last year, and an increase of 10% over the same period last month.
Express News | The White House announced additional tariffs on a range of Chinese products, including electric vehicles, China: urges the US to immediately cancel
Express News | Volcano Engine and Geely, Great Wall, Cyrus and others announce: Big Car Model Ecological Alliance officially released
Shenwan Hongyuan Auto's 23-Year & 24Q1 Summary: Structural Growth Continues to Go Overseas as a Major Profit Pool
Vehicle production and sales volume continued to grow in 2024Q1, with a year-on-year production/sales ratio of +6.3%/+10.5%. Among them, the share of new energy sources increased to 31.1% in 24Q1, driving an increase in ASP for new vehicles and a new high market share of Chinese brands, helping the industry achieve revenue growth.
The Power Source of China's New Energy Industry
he 2024 Beijing International Automotive Exhibition was a spectacle with 117 global premieres and 278 new energy vehicle models, drawing crowds of traders, both domestic and international.
Cui Dongshu: Domestic retail penetration rate of new energy vehicles was 43.7% in April, an increase of 12 percentage points over the same period last year
On May 14, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that the domestic retail penetration rate of new energy vehicles in April was 43.7%, an increase of 12 percentage points over the 32% penetration rate in the same period last year. In April, the penetration rate of new energy vehicles among independent brands was 66.8%; the penetration rate of new energy vehicles among luxury cars was 22.6%; while the penetration rate of new energy vehicles in mainstream joint venture brands was only 7.5%. In April, retail sales of traditional cars fell 22% year on year, while retail sales of new energy vehicles rose 28% year on year, all under high pressure.
Sudden! The White House announced a drastic increase in tariffs, up to 100%! China's urgent response
China's Ministry of Foreign Affairs and Ministry of Commerce responded: China will take all necessary measures to protect its legitimate rights and interests.
Qunzhi Consulting: The penetration rate of own-brand cars in mainland China exceeded 60% for the first time in the first quarter
According to data from Qunzhi Consulting, the penetration rate of own-brand vehicles (IBV for short) in mainland China exceeded 60% for the first time in 2024Q1.
Passenger Federation: The pickup truck market sold 44,000 vehicles in April and is at a medium to high level in the past 5 years
On May 14, the Passenger Transport Federation revealed that the pickup truck market sold 44,000 vehicles in April 2024, up 4.4% year on year and down 13.1% month on month.
Overview of the Hong Kong market | Science index rose slightly by 0.57%; domestic housing stocks and coal stocks fell, Agile fell nearly 13%, and Yankuang Energy fell more than 7%
Many shares of TechNet rose; Bilibili rose nearly 5%, and Xiaomi rose more than 3%; auto stocks rose one after another; Great Wall Motor rose more than 7%, and Zero Sports Auto rose nearly 7%.
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