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geely automobile holdings lt (175) Details

Geely Automobile Holdings Limited, an investment holding company, develops, manufactures, and sells passenger vehicles in China and internationally. The company operates in two segments: Automobiles and Related Parts and Components; and Gearboxes. It is also involved in the research, development, production, marketing, and sale of sedans and related automobile components, as well as automobile parts and components; design, development, and manufacture of automatic transmissions; and research and development of automobile engines and electric hybrid engines. In addition, the company provides automobile services. Geely Automobile Holdings Limited markets its products under the GLEagle, Emgrand, and Englon brands, as well as exports its products to 41 countries through sales agents, and sales and service outlets. The company is headquartered in Wan Chai, Hong Kong.

16,363 Employees
Last Reported Date: 08/26/14

geely automobile holdings lt (175) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: CNY2.8M
Chairman, Chairman of the Geely Holdings and ...
Total Annual Compensation: CNY316.0K
Head of International Business Development an...
Total Annual Compensation: CNY2.6M
Compensation as of Fiscal Year 2013.

geely automobile holdings lt (175) Key Developments

BNP Paribas Personal Finance to Form Joint Venture with Geely Automobile Holdings Ltd

BNP Paribas Personal Finance has received approval from the China Banking Regulatory Commission to form a joint venture with Geely Automobile Holdings Limited. The JV will provide auto financing products and services in China. The partnership will further strengthen BNP Paribas' franchise and client offering in China.

Geely Automobile Holdings Ltd. Receives Approval to Start the Set-Up of the JV Company with BNP Paribas Personal Finance

Reference is made to Geely Automobile Holdings Ltd.'s announcement dated 16 December 2013 in relation to, among other things, the company's entering into the JV Agreement with BNP Paribas Personal Finance for the establishment of a JV Company engaging in the vehicles financing business in the PRC. The Board of Geely Automobile Holdings Ltd. announced that the company has recently received the approval to start the set-up of the JV Company issued by the CBRC (the 'Approval'). Pursuant to the Approval, the company may start the set-up of the JV Company with BNP Paribas Personal Finance within six months from the date of the Approval. The company and BNP Paribas Personal Finance will comply with the relevant PRC laws and regulations in the preparation for the set-up of the JV Company under the supervision of the relevant PRC authorities. Upon completion of the preparation, the JV Company will officially apply for commencement of operations (the 'Operations Commencement Application') with the CBRC in accordance with relevant PRC requirements and procedures. The wholesale financing business of the JV Company is expected to start as soon as the Operations Commencement Application is approved by the CBRC and the relevant PRC authorities whilst the retail financing business of the JV Company will follow by the end of 2015.

Geely Automobile Holdings Limited Reports Sales Results for the Month of January 2015

Geely Automobile Holdings Limited has reported that total sales volume for the month of January 2015 was 58,884 units, an increase of approximately 76%, compared to January 2014. Total sales volume in China for the month of January 2015 was 55,039 units, an increase of around 85%, compared to January 2014. Total exports volume for the month of January 2015 was 3,845 units, up around 2%, compared to January 2014. During the month of January 2015, the combined sales volume of 'EC7' and 'Xindihao' was 24,588 units, an increase of about 118% from the same period last year. Of which, the sales volume of 'Xindihao' was 22,904 units in January 2015, down around 2% from December 2014. The aggregate sales volume of 'GX7', 'SX7' and 'GX9', the Group's Sport Utility Vehicles (SUVs) was 7,675 units in January 2015, an increase of about 178% from the corresponding period last year.


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