BUZZ-Geely Automobile jumps on strong February sales, intelligent driving joint venture

Reuters
03 Mar
BUZZ-Geely Automobile jumps on strong February sales, intelligent driving joint venture

** Shares of Geely Automobile Holdings Ltd 0175.HK jump 5% to HK$18.41

** The Chinese automaker said total sales volume of the group in February jumped 84% Y/Y at 204,910 units

** Geely Automalso says it has teamed up other partners to establish a 30%-owned joint venture company to engage in intelligent driving business

** Hang Seng Commerce & Industry Index .HSNC surges 1.9%, Hang Seng Tech Index .HSTECH rises 1.8% and Hang Seng Index .HSI adds 1.6%

** Stock up 23.5% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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