China Geely Automobile Group (Volvo controlling shareholder) 30 billion investment projects, started

[Adam WANG SHANGHAI MEGA]

China Geely Automobile Group (Volvo controlling shareholder) 30 billion investment projects, started in October this year
Ali car 2018-02-12 16:07:10
Ali Automobile February 11, 2018 On February 11, the People's Government of Changxing County, Huzhou City, Zhejiang Province, held a project signing ceremony with Zhejiang Geely Holding Group Co., Ltd., formally signed a strategic cooperation agreement and the "Geely Automobile Project Investment Agreement". The total investment of 32.6 billion yuan, settled in Changxing Economic and Technological Development Zone, plans to build two phases, a phase of 2018 is expected to start before the end of October construction.

Geely 30 billion investment projects, started in October this year

It is reported that the new global small car new energy module platform, including hybrid, plug-in hybrid and other new energy power system, of which 22.4 billion yuan of investment for building an annual output of 300,000 new energy vehicles factory project, the other 10.2 billion yuan investment for the realization of an annual output of 600,000 units of transmission line project. Geely once again completed the layout of the new energy automotive industry chain, combined with previous reports, Geely 2020 goal to achieve 1.8 million new energy vehicles sales, which undoubtedly let the project has been driving fast lane.

Geely 30 billion investment projects, started in October this year

Changxing New Energy is powered by vehicle power and energy storage batteries and focuses on the production of pure electric vehicles. The new energy industry cluster integrates new energy materials, energy Internet, new energy vehicles and key components. Prior to this, it has already attracted Conti cars, Johnson Controls, Takada Japan, the United States medicine, Kaidi Automobile and a number of large projects and put into operation.

Geely 30 billion investment projects, started in October this year

Geely 30 billion investment projects, started in October this year

Changxing new energy vehicles to Tianneng, Chaowei represented the leading battery enterprises through independent research and development, continue to optimize the performance of electric vehicle power supply, become the industry benchmark; the other hand, parts and complete vehicle production and some other supporting enterprises have gathered here , Continue to promote the vertical integration of new energy automotive industry chain. Changxing has formed a complete industrial chain covering upstream raw materials, downstream automotive applications, key components manufacturing and energy internet +. Tianneng Group and Chaowei Group have long been battery suppliers for some Geely models. Geely Changxing is also the trend of choice.

吉利三百亿级投资项目，今年10月开工
阿里汽车 2018-02-12 16:07:10
阿里汽车2018年2月11日消息 2月11日，浙江省湖州市长兴县人民政府与与浙江吉利控股集团举行项目签约仪式，正式签订战略合作协议以及《吉利新能源汽车项目投资协议》。该项目总投资326亿元，落户在长兴经济技术开发区，计划分两期建设，一期预计2018年10月底前开工建设。

据悉，全新的全球化小型车新能源模块平台，包括了混合动力、插电式混合动力等新能源动力系统，其中224亿元的投资用于打造年产30万辆新能源汽车工厂项目，另外102亿元投资用于实现年产60万台的变速器流水线项目。吉利再一次在新能源汽车产业链上完成布局，结合此前的报道，吉利目标将在2020年实现180万新能源车销量，这无疑让项目已驶上快车道。

长兴新能源以车用动力及储能电池为支撑，以纯电动汽车整车生产为重点，集新能源材料、能源互联网、新能源汽车及关键零部件为一体的新能源产业集群。此前，已经先后吸引了康迪汽车、江森自控、日本高田、美国化药、凯迪汽车等一批大好高项目并建成投产。

长兴新能源汽车以天能、超威为代表的龙头电池企业通过自主研发，不断优化电动车电源的性能，成为行业风向标；另一方面，零部件及整车生产等一些配套企业相继在这里集结，不断推动新能源汽车产业链的垂直整合。长兴已经形成了涵盖上游原材料、下游汽车应用、关键零部件制造、能源互联网+的完整产业链闭环，天能集团、超威集团早已成为吉利部分车型的电池提供商。吉利选择长兴也是趋势使然。

 

[Adam WANG SHANGHAI MEGA]

Profitable or up to 10 billion Geely Automobile "plans" globalization
2018-01-15 07:57:02 Wu Xiaofei, Liu Shanshan China Business Network
In 2017, the Chinese auto market is riddled with troubles and visions. Under the general trend of slowdown of overall growth, SUV dividend gradually retreated and the brand's strategy of exploring is top of the list of domestic competitive car makers. In addition, they are also overweighting new energy sources. In this fierce game, Geely Automobile became the darling of the market with strong performance.
On January 1, 2018, Geely Automobile (00175.HK) chased after the victory and released a new car at the beginning of the year - 2018 Imperial GL. New Imperial GL is an intelligent network of cars, but also Geely Automobile for the "New Fourth" to improve the product line of the latest products. In 2017 Geely Automobile can be described as triumphant, in addition to impressive performance, there is quite eye-catching overseas mergers and acquisitions.
At a doctoral forum held recently at Peking University, renowned economist Zhou Qiren frankly stated that whether it is Volvo who chose Geely or the foreign brands now flocking to China, it is all about a vast market in China. After all, Large market opportunities for large enterprises.
High performance
On January 8, Geely Automobile announced its annual production and sales data. In 2017, Geely Group sold 1,247,100 vehicles, an increase of 63% over the previous year, exceeding the annual target. One of the highest contribution is Bo Yue, 286,900. Geely Group also announced the annual sales target for 2018 of 1.58 million vehicles. On January 9, Geely Automobile announced a positive earnings forecast. It is estimated that the Group's annual net profit in 2017 will increase 100% over the 2016 figure of RMB5.1 billion or achieve RMB10 billion profit.
An Conghui, CEO of Geely Group, said in an interview with China Business Daily before that Geely Automobile put forward the brand mission of "creating everyone's best-selling car" in 2014 and successively launched the brand mission of Borui, Bo Yue, Dihao GS, Dili GL and other fine 3.0 era models, a continuous improvement of the product matrix to cover a wider consumer base. From "ordinary people can afford" to "boutique car", which means that Geely Automobile is also improving brand strength. "The good performance of Geely is closely linked to the introduction of new products, which is also a growth pattern with Chinese characteristics," said a senior analyst at the automotive industry.
Judging from the current market performance, Geely's competitors Changan Automobile (000625.SZ) and Great Wall Motor (02333.HK) sold a total of 2.872 million new vehicles and 7.702 million vehicles in 2017, respectively, with sales declines of 6.23 % And 0.40%. Among them, Changan Automobile's own-brand sales of 1,215,400, Geely Automobile slightly beyond the latter two.
In the secondary market, Geely Automobile is also higher all the way, optimistic about the capital market. In addition to the share price rising from around HK $ 10 at the beginning of 2017 to around HK $ 25 / share, several financial institutions raised their ratings on Geely Automobile as the latest earnings announcement.
In the globalization
In addition to repeatedly breaking the expected high performance of the company's management since 2017, another striking feature of Geely Automobile is its frequent mergers and acquisitions. In 2010, Geely Group acquired Volvo. In 2013, it acquired the British Manganese Bronze. In the merger and acquisition, Geely has been quite steady. In the past 2017, the situation has continued.
In May 2017, Geely Automobile acquired Baoteng Motor Co., Ltd. in Malaysia, holding 49% of the shares. Baoteng Automotive also bundled and acquired Lutheran Motor Co., Ltd. (Lotus Motor Co., Ltd.), holding more than 50% In November, Geely Automobile acquired Terrafugia, a U.S. flying car company, which has obtained the approval of the relevant U.S. regulatory authorities. According to Geely Automobile's plan, Terrafugia will produce a flying car in 2019; on December 27, Geely announced the cooperation with European fund company Cevian Capital to acquire 88,475 shares of the latter's Volvo Group (AB Volvo) Of A shares and 7877 shares of B shares. The future delivery, Geely Group will have 8.2% stake in Volvo Group, the company's largest shareholder, and has 15.6% of the voting rights.
In addition to accelerating mergers and acquisitions expansion, in order to make up for the shortage of high-end brands in the product line, Geely Automobile launched the middle and high-end product LYNK & CO 01 in November 2017 with a price range of 158,800 to 202,800 yuan, As well as a price of 22.08 million collar collar 01 limited edition. Currently, Geely Group already owns Volvo Cars, Polestar, Pickering cars, Geely Automobile, London electric vehicles, remote commercial vehicles and other brands.
With the market expansion of the same department, as well as R & D center. As of the end of 2017, Geely owns the four major R & D centers of Geely in Hangzhou, Hangzhou Bay, Gothenburg and Coventry, as well as the four modeling centers in Shanghai, Gothenburg, Barcelona and California, forming the R & D system of Geely Automobile. R & D personnel at home and abroad more than 10,000 people.
However, behind the continued strength of new cars and M & A, Geely Automobile's overseas exports have dropped continuously since 2013. By the first half of 2017, Geely Automobile exported 3,848 units, down 64% YoY. From September to November 2017, the export volume of Geely Automobile still dropped in the traditional automobile sales season, making it the overall performance short board of Geely Group.
Geely Automobile believes that the unsatisfactory export is mainly due to the continued adverse economic and political environment in the export region. "The export problem is not a Geely Automobile, the entire own-brand export situation is not good." All car investment management (Beijing) Co., Ltd. Cao Cao, president. "No one company can sit tight on the throne of the champion sales, sales volume Chong crown is very easy to maintain for the long time before they can test the overall strength of enterprises." Cao He said. Geely Automobile's test, and the growth of this business, still on the road.