Shares of Geely Automobile Holdings Ltd (00175.HK) surged 5.47% in Monday's intraday trading, following the company's announcement of stellar February sales numbers and the establishment of a new intelligent driving joint venture.
The Chinese automaker reported an 84% year-over-year jump in its total sales volume for February, reaching 204,910 units sold. This robust performance drove investor optimism and contributed to the stock's significant rally.
Additionally, Geely Auto revealed that it has teamed up with other partners to establish a new 30%-owned joint venture company. This venture will focus on the burgeoning intelligent driving business, positioning Geely Auto to capitalize on the growing demand for autonomous and self-driving vehicle technologies.
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