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Old 05-18-2017, 11:35 AM   #21
dmitra
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Default Re: Geely introduction

Yes, Lanzhou Zhidou/Ninghai Zhidou received the 11th EV manufacturing License under the new rules.

The announcement:
http://www.ndrc.gov.cn/zwfwzx/xzxkne...01_840162.html

Last edited by dmitra; 05-18-2017 at 12:31 PM. Reason: removed one link as there seems to be a problem with the site
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Old 05-24-2017, 10:32 AM   #22
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Default Re: Geely introduction

The big news of today:

https://paultan.org/2017/05/24/geely...cent-in-lotus/

Further stories:
https://paultan.org/?s=geely
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Old 05-27-2017, 07:18 PM   #23
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Default Re: Geely introduction

Geely Argentina S.A, and a partnership with Pesado Castro Riviera S.A, opened a Geely dealer called "Riviera Geely" (Riviera also has a Fiat dealer) in Rosario, Argentina, in May 2017.
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Old 09-27-2017, 04:30 PM   #24
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Default Re: Geely introduction

About Geely in Argentina, in 2018 they will launch X1 and X3 SUVs, both prepared to compete with vehicles such as Ford EcoSport (X3) or Chevrolet Onix Activ (X1).
http://www.carsmagazine.com.ar/geely...ntina-en-2018/
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Old 11-13-2017, 03:51 AM   #25
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Default Re: Geely introduction

Interesting: Geely acquires Terrafugia

http://www.ecns.cn/cns-wire/2017/11-13/280736.shtml

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Old 02-24-2018, 04:03 AM   #26
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Default Daimler's largest shareholder

https://www.reuters.com/article/us-d...-idUSKCN1G72B7
http://europe.autonews.com/article/2...with-$9b-stake
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Old 02-24-2018, 11:35 AM   #27
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Default Re: Geely introduction

Li Shufu's ambition knows no bounds.
Remember the Daihatsu/Xiali-Haoqing knock off of just yesterday? It had that tacky looking Mercedes grille.. Well we've come a long way from all the attention that it received.
Nowadays whose name comes to mind when we think of the outstanding figure in the Chinese auto industry?
Will Li's undeniable charisma allow him to effectively manage all these new holdings?
I'd say this is nothing less than history in the making.....
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Old 04-13-2018, 12:21 AM   #28
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Default Re: Geely introduction

Bad news.
Geely will leave Brazilian market. Last GC2 and EC7 models will be on sale as remnant stock.
https://autoblog.com.ar/2018/04/12/g...ira-de-brasil/
This fact can impact directly to the regional Geely sales channel.
Chinese cars have got a lot of future in the South American market, notably Lifan and Chery, but with this things, one starts to distrust of Chinese car brands and the currently economical situation in some SA countries is a mess.
Hope that I'll be mistaking.
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Old 09-11-2018, 04:06 AM   #29
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Default Zhidou shareholding changes

OK, so there have been some shareholding changes since my last relevant posts of 05-18-2017.

Lanzhou Zhidou Electric Vehicle Co., Ltd. which makes the Zhidou cars is owned 100% by Zhidou Electric Vehicle Co., Ltd., as previously.

Zhidou Electric Vehicle Co., Ltd. was formerly known as Ninghai Zhidou Electric Vehicle Co., Ltd. (see above). The Xindayang group has now regained control of Zhidou Electric Vehicle Co., Ltd.

Xindayang Electrical and Mechanical Group Co., Ltd. now owns 31.45%, Xindayang group president and CEO Bao Wenguang owns 6.55%.

Zhejiang Geely Holdings has transferred 26.44% of its former 45% shareholding to Geely Group (Ningbo) Co., Ltd., a company wholly owned by Li Shufu himself. The rest has been sold off to other investors.

So, in sum, the Xindayang group now holds 38%, Li Shufu owns 26.44%, and the rest is held by other financial investors.

Profiles:
Lanzhou Zhidou Electric Vehicle Co., Ltd.
Zhidou Electric Vehicle Co., Ltd.
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Old 03-27-2019, 03:19 AM   #30
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Default Geely to partially acquire Smart?

https://europe.autonews.com/automake...ely-ft-reports

From FT:
Quote:
China’s Geely set to buy half of Daimler’s Smart unit


Mercedes-Benz owner Daimler is nearing a deal to sell a 50 per cent stake in its small-car brand to China’s Geely, according to three people familiar with the plan.

The sale of the stake in its Smart division will be confirmed before the Shanghai Auto Show in April, said one of the people.

The move by Geely, which became Daimler’s largest shareholder last year, may be to help out the German group as it struggles to carry the lossmaking Smart brand, which sells only 130,000 cars a year — a fraction of the 2.25m cars Mercedes-Benz sells.

Daimler and Geely have become closer in the past year. In October, they announced a joint-business to offer ride-hailing services in China.

Daimler said the group had been speaking with “several possible co-operation partners” as it worked on the next generation of Smart products.

A spokesman for Geely declined to comment.

Geely has rapidly expanded in the past few years. It owns Volvo Cars, British sports car brand Lotus and Malaysia’s Proton and holds a stake in truckmaker Volvo Group.

The future of Smart under Daimler has been in doubt ever since the Mercedes-Benz owner announced last year that chief executive Dieter Zetsche would step down in May, ending a 13-year tenure.

Mr Zetsche had been a cheerleader for the compact car brand but his successor, Ola Kallenius, is thought to have less enthusiasm for the microcar arm, particularly as the German group’s profit margins have come under pressure in the past year.

Daimler does not break out earnings for Smart, but analysts think the brand has failed to generate profits since its founding 21 years ago. According to estimates from Evercore ISI, Smart loses between €500m and €700m each year.

However, a partial sale to Geely could face political opposition in Berlin, according to a banker close to Daimler, as Germany has recently voiced its concerns about the growing influence of Chinese companies on business in Europe’s largest economy.

When Geely purchased a 9.7 per cent stake in Daimler a year ago, Berlin was taken by surprise. One MP said at the time: “Geely just crept up on Daimler out of nowhere.”

A draft law was then approved last year to give the German government the right to block investments above 15 per cent by non-EU companies in sensitive industries, ranging from defence to energy.

Several European capitals are concerned that Chinese companies are acquiring assets in the EU to later transfer the technology back to China.

However, the potential of Smart, which aims to become 100 per cent battery-powered by 2020, is likely to be in China, the world leader for all-electric cars with a burgeoning market for compact models.
Original URL: https://www.ft.com/content/8b291ab4-...1-8d9ef1626294

Last edited by dmitra; 03-27-2019 at 03:24 AM.
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