Geely Automobile Holdings Limited (GRU.F)
| Previous close | 1.1820 |
| Open | 1.1700 |
| Bid | 1.1680 x 840000 |
| Ask | 1.1795 x 840000 |
| Day's range | 1.1685 - 1.1790 |
| 52-week range | 0.8622 - 1.3230 |
| Volume | |
| Avg. volume | 47,106 |
| Market cap | 11.865B |
| Beta (5Y monthly) | 1.25 |
| PE ratio (TTM) | 16.84 |
| EPS (TTM) | 0.0700 |
| Earnings date | 20 Mar 2024 |
| Forward dividend & yield | 0.03 (2.19%) |
| Ex-dividend date | 11 June 2024 |
| 1y target est | N/A |
ReutersGeely, Foretellix partner to jump-start self driving car development
Chinese automaker Geely and Israeli auto safety technology startup Foretellix formed a strategic partnership to accelerate safe large-scale development of self-driving vehicles, the two companies said on Tuesday. Foretellix and Geely will collaborate to integrate Foretellix’s safety platform with Geely’s development and verification and validation flows and advanced simulator, they said in a joint statement. The platform will be used to automatically analyze driving logs from Geely's test vehicles and replay numerous variations in virtual simulation to maximize the utilization of physical drives, they said.
- Reuters
UPDATE 1-Polestar speeds plans to make more cars outside China as EU-China tensions rise
Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is accelerating efforts to produce more vehicles outside China in view of rising geopolitical tensions, its CEO said. Asked how Polestar is preparing for the possibility a European probe into Chinese-made EVs might lead to increased tariffs, Thomas Ingenlath said the automaker was exploring the idea of speeding up exporting the Polestar 3 made in South Carolina to the European Union. He said last year that the South Carolina plant, which started making Polestar cars this year, would supply both U.S. and European markets.
FortuneSwedish-founded Tesla rival Polestar considers weaning itself off China as EU probe into BYD and owner Geely brings tariff threats
Polestar CEO Thomas Ingenlath says the group may need to start making cars for EU drivers in the U.S., rather than China.
