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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

Geely Automobile Holdings Ltd. Reports Sales Results for the Month and Year to Date Ended of December 2014

Geely Automobile Holdings Ltd. reported sales results for the month and year to date ended of December 2014. For the period, the company's total sales volume was 54,962 units, a decrease of approximately 10%, compared to December 2013. Total sales volume in China for the month of December 2014 was 49,884 units, an increase of around 2%, compared to December 2013. Total exports volume for the month of December 2014 was 5,078 units, down around 57%, compared to December 2013. For the year ended December 2014, total sales volume was 417,851 units, down about 24%, compared to 2013.

Geely to Build New Energy Vehicles Bases in China and UK; Zhang Ran Steps Down as Executive Director

Geely announced that it has investment plans for its new energy vehicles (NEVs) both in China and overseas, despite struggling for growth in its existing vehicle line-up. In China, Geely will invest CNY 7 billion to build a production base in Nanchong in China's Sichuan province concentrating on NEV commercial vehicles (CVs), state media Xinhua reports. The new plant will have capacity to build 100,000 commercial NEVs per annum as well as 50,000 gas engines, and will also have a NEV CV research centre. The plant is expected to be complete in two years and Geely aims for revenue of around CNY21.6 billion per annum once completed. Geely signed an agreement with the government of Nanchong on 31 December 2014. In the United Kingdom, Geely plans to invest GBP 150 million in a plant in Coventry to produce the TX5, a green variant of the next-generation London taxi scheduled to enter the market in 2018. The production plant is expected to be based in Ansty Park in Coventry, where the current headquarters of Manganese Bronze is located. The existing base, also in Coventry, where the TX4 is currently produced, will not be the base for the TX5; instead, a new plant will be built for the TX5. The company also announced that Zhang Ran has stood down as executive director of the company to allow himself more time to pursue his other personal and business objectives. The announcement also states that Zhang, who took on the role in March 2014, was responsible for financial management, infrastructure set up and the management of the company's auto financing system. Zhang joined Geely in 2010 from Ford. Despite not having an active role at Geely, he will retain a position of non-executive director of the company for three years.

Geely Automobile Holdings Ltd. Presents at UBS 15th Greater China Conference, Jan-12-2015

Geely Automobile Holdings Ltd. Presents at UBS 15th Greater China Conference, Jan-12-2015 . Venue: Pudong Island Shangri-La, Shanghai, China.


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