Geely Automobile Holdings Ltd (175)

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Geely Automobile Holdings Ltd Profile

Geely Automobile Holdings Ltd is a privately-held Chinese multinational company headquartered in Zhejiang, the People’s Republic of China. GEELY is one of the leading automobile manufacturers in China and is the parent company of Geely Auto Group, Volvo Car Group, London Electric Vehicle Company (LEVC), Smart Automobile, Geely New Energy Commercial Vehicle Group, and Zeekr Intelligent Technology. Geely Automobile Holdings Ltd (175.xhkg) is listed on the Hong Kong Stock Exchange (SEHK) with a $259.27B (USD) market cap. In 2020, Geely started talks with rival car manufacturers, including Daimler AG, to license an innovative architecture for electric vehicles (EV), which offers increased driving ranges and lighter cars. The company announced its collaboration with Baidu to develop a joint electric vehicle (EV) venture. Geely Automobile expects to begin deliveries of its popular Zeekr models in autumn 2021. Geely Automobile Holdings Ltd expects to sell 1.53 million cars by the end of 2021, an increase of 210,000 units compared to last year’s total sales.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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