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Geely autos released zeekr's third-quarter performance, with a gross profit of 2.942 billion yuan, a year-on-year increase.
Geely autos (00175) announced the company's non-wholly owned subsidiary ZEEKR Intelligent ...
Geely's autos (00175.HK) under zeekr and Lynk & Co will integrate their global strategy.
Gelonghui, November 14th - Geely Autos (00175.HK) announced that on November 14, 2024, Geely Holdings and Volvo AB unsponsored adr class b (as the seller), Zhejiang Zeekr (an indirect wholly-owned subsidiary of Zeekr as the buyer), and Lynk & Co (as the target company) entered into a Lynk & Co equity transfer agreement, under which (i) Geely Holdings conditionally agreed to sell, and Zhejiang Zeekr conditionally agreed to purchase 20% of Lynk & Co's equity held by Geely Holdings as of the announcement date, for a consideration of RMB 3.6 billion yuan (plus accrued interest during the lock-up period); and (ii) Volvo AB unsponsored adr class b conditionally agreed to sell, and Zhejiang Zeekr have
ZEEKR Strengthens Position With Geely Integration
The Trump team plans to cancel the $7,500 electric car tax credit, causing a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.
ZEEKR Intelligent Is Defended by Analysts After Earnings Drop
BofA Securities Maintains ZEEKR(ZK.US) With Buy Rating, Raises Target Price to $29.5
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