Geely Automobile Will Likely Beat Its Annual Sales Target -- Market Talk

Dow Jones

2024-11-05

0722 GMT - Geely Automobile's full-year 2024 sales volume is likely to increase 28% to 2.16 million units beating the company's target of 2.0 million units, says Deutsche Bank analyst Bin Wang in a note. The Chinese automaker sales volume in October rose 25% on-year to 226,686 units, a record monthly high, he notes. The company's robust sales momentum is attributed to strong sales of its electric vehicle and hybrid product lines. The company's new Geely Electric Architecture platform, an advanced technology platform to provide spatial design, flexible power options and cost reduction, could support sales ahead, DB adds. The brokerage maintains its buy rating for the stock, which is at HK$15.04. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 05, 2024 02:22 ET (07:22 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The Chinese automaker sales volume in October rose 25% on-year to 226,686 units, a record monthly high, he notes. The company's robust sales momentum is attributed to strong sales of its electric vehicle and hybrid product lines. The company's new Geely Electric Architecture platform, an advanced technology platform to provide spatial design, flexible power options and cost reduction, could support sales ahead, DB adds. The brokerage maintains its buy rating for the stock, which is at HK$15.04. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 02:22 ET (07:22 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Geely Automobile Will Likely Beat Its Annual Sales Target -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeely Automobile Will Likely Beat Its Annual Sales Target -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-05 15:22</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0722 GMT - Geely Automobile's full-year 2024 sales volume is likely to increase 28% to 2.16 million units beating the company's target of 2.0 million units, says Deutsche Bank analyst Bin Wang in a note. The Chinese automaker sales volume in October rose 25% on-year to 226,686 units, a record monthly high, he notes. The company's robust sales momentum is attributed to strong sales of its electric vehicle and hybrid product lines. The company's new Geely Electric Architecture platform, an advanced technology platform to provide spatial design, flexible power options and cost reduction, could support sales ahead, DB adds. The brokerage maintains its buy rating for the stock, which is at HK$15.04. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 02:22 ET (07:22 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00175","symbol_name":"吉利汽車","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481542543","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481542543","pubTimestamp":1730791320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0722 GMT - Geely Automobile's full-year 2024 sales volume is likely to increase 28% to 2.16 million units beating the company's target of 2.0 million units, says Deutsche Bank analyst Bin Wang in a note. The Chinese automaker sales volume in October rose 25% on-year to 226,686 units, a record monthly high, he notes. The company's robust sales momentum is attributed to strong sales of its electric vehicle and hybrid product lines. The company's new Geely Electric Architecture platform, an advanced technology platform to provide spatial design, flexible power options and cost reduction, could support sales ahead, DB adds. The brokerage maintains its buy rating for the stock, which is at HK$15.04. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"00175":"吉利汽车","GELYY":"吉利汽车ADR"},"translate_title":"吉利汽车可能会超额完成年度销售目标——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00175":1,"GELYY":0.9},"content_text":"0722 GMT - Geely Automobile's full-year 2024 sales volume is likely to increase 28% to 2.16 million units beating the company's target of 2.0 million units, says Deutsche Bank analyst Bin Wang in a note. The Chinese automaker sales volume in October rose 25% on-year to 226,686 units, a record monthly high, he notes. The company's robust sales momentum is attributed to strong sales of its electric vehicle and hybrid product lines. The company's new Geely Electric Architecture platform, an advanced technology platform to provide spatial design, flexible power options and cost reduction, could support sales ahead, DB adds. The brokerage maintains its buy rating for the stock, which is at HK$15.04. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 02:22 ET (07:22 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0}}}