July 30, 2016 4:22 PM ET

Automobiles

Company Overview of Zhejiang Geely Holding Group Co., Ltd.

Company Overview

Zhejiang Geely Holding Group Co., Ltd. manufactures and markets automobiles. Its portfolio consists of approximately 30 vehicle models. The company offers its products through dealers and service stations in the People’s Republic of China, as well as through sales and service outlets internationally. Zhejiang Geely Holding Group Co., Ltd. was founded in 1997 and is headquartered in Hangzhou, the People’s Republic of China.

1760, Jiangling Road

Binjiang District

Hangzhou,  310051

China

Founded in 1997

Phone:

86 571 28001111

Fax:

86 571 87766217

Key Executives for Zhejiang Geely Holding Group Co., Ltd.

President and Director
Age: 46
Founder and Chairman
Age: 53
Chief Financial Officer, Vice President and Director
Age: 49
Chief Public Relation Officer and Vice President
Head of Research & Development
Age: 52
Compensation as of Fiscal Year 2016.

Zhejiang Geely Holding Group Co., Ltd. Key Developments

Wenling To Sell Stake In Qianjiang

Wenling Qianjiang Investment & Management Ltd. plans to auction shares in Zhejiang Qianjiang Motorcycle Co., Ltd. (SZSE:000913). Wenling intends to auction 135 million shares representing 29.77% stake. Zhejiang Geely Holding Group Co., ltd. has submitted purchase intent and related files in effective form and has paid margins in cash.

Chinalco Signs Strategic Cooperation Agreement with Zhejiang Geely Holdings

Chinalco has recently signed a strategic cooperation agreement with Zhejiang Geely Holdings in Hangzhou, Zhejiang province. Under terms of the agreement, they will work together on automobile lightening technologies and development of automobile aluminium alloys as well as components development and maintenance technologies. Chinalco will provide Geely with a development and manufacturing base of automobile aluminium alloy and parts. They will also establish a automobile aluminium alloy lab for addressing the aluminium alloy challenges in the passenger, commercial and new energy vehicles.

Honbridge Holdings Limited and Zhejiang Geely Holding Group Company Limited Establish Joint Venture in Jinhua City, Zhejiang Province

HONBRIDGE HOLDINGS LIMITED (company) announced that on 25 October 2015, the Company entered into an investment agreement with the Zhejiang Jinhua Economic and Technological Development Zone Committee and Zhejiang Geely Holding Group Company Limited. The company and Zhejiang Geely Holding Group Company Limited shall establish a joint venture in Jinhua City, Zhejiang Province, the PRC to serve as the operation entity. The total investment is expected to be RMB 2,050 million (including cost of acquiring the land use rights for constructing production site, equipment and working capital) which will be funded by equity capital and loan. The date of incorporation, shareholding of each parties and amount of registered capital of the Project Company shall be further negotiated. In order to comply with the lithium-ion battery related industry standard in the PRC, the shareholding of the company (being a foreign investor) in the Project Company will not exceed 50%. The Group will fund the Project Company by its internal resources. Through the Project Company, the Company and Zhejiang Geely Holding Group Company Limited will establish a modern lithium-ion battery enterprise in Jinhua New Energy Automobile Industrial Park, which includes functions such as research and development, production, testing and inspection, demonstration and service (the "Project"). The Project will occupy an area of approximately 200 Mu, it can produce 1,500,000 kWh lithium-ion battery for new energy vehicles annually after completion of the construction of production facilities.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 25, 2016
Kandi Electric Vehicles Group Co., Ltd.
Merger/Acquisition
June 22, 2016
Ninghai Zhidou Electric Vehicles Company Limited
Merger/Acquisition
June 2, 2016
Zhejiang Qianjiang Motorcycle Co., Ltd.
 

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