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GELYY / Aston Martin up 14% as Geely makes big investment

Aston Martin up 14% as Geely makes big investment
Aston Martin jumped 14% as investors gave perhaps a slightly guarded response to the news that Chinese carmaker Geely is upping its stake to 17%. Geely has made a hefty commitment, investing £234mln in total through a combination of £95mln in new money and the purchase of a chunk of the stake held by chairman Lawrence Stroll's consortium Yew Tree. Read More
Posted: May 18 2023, 07:07
Author Name: Proactive Investors
Views: 102536

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Malaysia's DRB Hicom signs agreement with Geely on domestic auto hub

By Reuters
October 11, 2023

Malaysia's DRB Hicom signs agreement with Geely on domestic auto hub

DRB Hicom said on Wednesday it has signed an agreement with Chinese car maker Zhejiang Geely Holding Group Co Ltd for the development of an automotive more_horizontal

Indonesia asks China's Geely to help build homegrown EV by 2026

By Reuters
September 14, 2023

Indonesia asks China's Geely to help build homegrown EV by 2026

Indonesia has asked Chinese carmaker Geely Automotive Holdings to help it build a homegrown electric car by 2025 or 2026, a senior minister said on Tu more_horizontal

Farizon, Geely's truck unit, raised $600M to expand outside China

By TechCrunch
July 19, 2023

Farizon, Geely's truck unit, raised $600M to expand outside China

Farizon, a maker of hybrid and electric trucks owned by China's Geely, has closed a $600 million Series A raise, the company said in a statement. The more_horizontal

Geely truck unit, Farizon, raises $600 million in funding round

By Reuters
July 19, 2023

Geely truck unit, Farizon, raises $600 million in funding round

China's Farizon, a maker of electric and hybrid trucks which is owned by automaker Geely , has raised $600 million in a Series-A funding round, the co more_horizontal

Malaysia PM says China's Geely to invest $10 bln in domestic auto hub -report

By Reuters
July 18, 2023

Malaysia PM says China's Geely to invest $10 bln in domestic auto hub -report

Chinese car maker Geely will invest $10 billion to develop Malaysia's main auto-making hub, state news agency Bernama quoted Prime Minister Anwar Ibra more_horizontal

Renault, Geely deal marks backing for synthetic, hydrogen fuels

By Proactive Investors
July 12, 2023

Renault, Geely deal marks backing for synthetic, hydrogen fuels

A new joint venture between Renault and Geely will see the pair commit to internal combustion engine cars despite a growing movement to battery-powere more_horizontal

Renault and Geely engine JV picks UK headquarters

By Proactive Investors
July 12, 2023

Renault and Geely engine JV picks UK headquarters

A joint venture between French car manufacturer Renault and Chinese counterpart Geely have decided to base its headquarters in the UK. The newly forme more_horizontal

Renault and China's Geely will invest up to $7.7 billion to build hybrid and gas engines

By CNN Business
July 11, 2023

Renault and China's Geely will invest up to $7.7 billion to build hybrid and gas engines

Carmakers Renault and Geely have announced a joint venture to build engines for hybrid and gasoline-powered vehicles, with the partners investing a ma more_horizontal


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