Geely Automobile Holdings Ltd.(GELYF)- OTCPK - Current
  • Thu, Sep. 22, 7:38 AM
    • Chinese automakers face a huge obstacle in selling diesel models in Europe due to a sharper focus on emissions and testing procedures, according to Automotive News.
    • Euro 6 rules limit nitrogen oxides emissions to only 80 milligrams per kilometer, a mark seen as currently unattainable for many Chinese models.
    • Chinese automaker are also having trouble selling diesels in their home market due to a lack of demand.
    • "Diesel cars are going nowhere in China," admits SAIC exec Iain Fleming.
    • Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF.
    | Thu, Sep. 22, 7:38 AM | 1 Comment
  • Thu, Sep. 15, 8:02 AM
    • Volvo (OTCPK:GELYF) car registrations -15.7% to 11,253 units in August, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
    • Volvo market share: 1.3% vs. 1.7% a year ago.
    • Volvo YTD registrations +6.8%.
    • EAMA release (.pdf)
    | Thu, Sep. 15, 8:02 AM
  • Sat, Sep. 10, 12:55 PM
    • Apple (NASDAQ:AAPL) has cropped off parts of its self-driving car project and eliminated dozens of positions in the latest turn for Project Titan.
    • The company told employees of the "reboot" of the car project this week, according to The New York Times.
    • With Apple being secretive about its car ambitions, the threat of disruption out of Cupertino has been somewhat of an enigmatic overhang in the industry. One thought is that Apple's $1B investment in Didi Chuxing earlier this summer may be an indication of the future direction of Apple's car strategy.
    • The bold plans laid out by Ford (NYSE:F), Uber (Private:UBER), Lyft (Private:LYFT), General Motors (NYSE:GM), Toyota (NYSE:TM), Volvo (OTCPK:GELYF), BMW (OTCPK:BMWYY), Google (GOOG, GOOGL), and Tesla Motors (NASDAQ:TSLA) with their EV and self-driving projects may have reset some expectations at Apple.
    | Sat, Sep. 10, 12:55 PM | 200 Comments
  • Fri, Sep. 9, 7:28 AM
    | Fri, Sep. 9, 7:28 AM | 30 Comments
  • Tue, Aug. 30, 7:19 AM
    • Volvo (GELHY) says it will hire 400 engineers in the next year to help it accelerate its development of next-gen technologies.
    • Most of the new hires will be software developers to be based out of the company's headquarters in Gothenburg, Sweden.
    • On the tech front, Volvo has a new autonomous driving partnership with Uber and wants to test autonomous vehicles in London and China.
    • Volvo Cars is a wholly owned subsidiary of Geely Automobile Holdings (OTCPK:GELYF, OTCPK:GELYY).
    | Tue, Aug. 30, 7:19 AM | 1 Comment
  • Thu, Aug. 25, 8:28 AM
    • Singapore became the first country in the world to offer a self-driving taxi service with the targeted launch of nuTonomy. A full roll-out of an autonomous taxi service across the nation is expected as early as 2018.
    • While self-driving cars from Google (GOOG, GOOGL), Baidu (NASDAQ:BIDU), and others have been out testing on the roads for the last few years, nuTonomy's service is the first commercial application of the nascent technology open to public use. Uber (Private:UBER) plans to test self-driving cars in Pittsburgh next month.
    • NuTonomy will use human drivers as backups in the initial roll-out of the Renault (OTC:RNSDF, OTCPK:RNLSY) Zoe and Mitusubishi (OTCPK:MMTOF) i-MiEV taxis before moving to full autonomy.
    • Other companies with autonomous vehicles on their radar include Mobileye (NYSE:MBLY), Delphi Automotive (NYSE:DLPH), Volvo (OTCPK:GELYF), Ford (NYSE:F), Tesla Motors (NASDAQ:TSLA), Toyota (NYSE:TM), Hertz Global (NYSE:HTZ), Avis Budget (NASDAQ:CAR), Nissan (OTCPK:NSANY), BMW (BAMXY), Intel (NASDAQ:INTC), Honda (NYSE:HMC), FedEx (NYSE:FDX), Lyft (Private:LYFT), and General Motors (NYSE:GM) to name just a partial list -- although analyzing which stocks may benefit from a future of a mix of self-driving cars on the road is a tricky business.
    • Previously: Scientists warn on self-driving car rush (July 8)
    • Previously: Self-driving car push adds a little buzz for restaurants (Aug. 6)
    | Thu, Aug. 25, 8:28 AM | 106 Comments
  • Thu, Aug. 18, 7:45 AM
    | Thu, Aug. 18, 7:45 AM | 7 Comments
  • Sat, Aug. 13, 11:48 AM
    • Automobile deliveries in China soared 26% Y/Y to 1.6M units in July, according to the China Passenger Car Association. The pace of sales was the highest in over 40 months, although it came against a weak comparable from a year ago.
    • Car deliveries in China are up 11% since the government lowered the tax on small vehicles to 5%.
    • Demand for SUVs and crossovers remained strong, with deliveries up 47% to over 580K. Domestic automakers posted strong growth during the month, led by Guangzho Automobile (+37%), Geely Automobile Holdings (+72%), and Great Wall Motors (+49%).
    • EV watch: A new proposal in China aims to boost EV sales by forcing automakers to produce more electric cars or purchase carbon credit offsets from peers. If Beijing grants final approval, the new rules will replace direct subsidies that are set to expire by 2020. On the production front, LeEco announced plans this week for a $1.8B plant in China capable of producing 400K electric vehicles a year. The online video giant is also a backer of Faraday Futures, the somewhat mysterious EV startup out of California. In Japan, execs with Toyota and Nissan continue to drop hints on a strategy to focus on cheaper EVs.
    • Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.
    | Sat, Aug. 13, 11:48 AM | 122 Comments
  • Tue, Aug. 2, 2:43 PM
    • Volvo (OTCPK:GELYF) unit sales +52% to 8,556.
    • Strong demand for the XC90 was cited by the automaker.
    • YTD Volvo sales +29% to 45,210 units.
    | Tue, Aug. 2, 2:43 PM
  • Fri, Jul. 15, 8:07 AM
    • Volvo (OTCPK:GELYF) car registrations +10.2% to 29,516 units in June, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +6.9% Y/Y to 1,459,508 units in June, led by double-digit gains in Italy and Spain. Registrations were up 8% in Germany, while falling slightly in the U.K.
    • Volvo market share: 2.0% vs. 1.9% a year ago.
    • Volvo YTD registrations +10.7%.
    • EAMA release (.pdf)
    | Fri, Jul. 15, 8:07 AM
  • Tue, Jul. 5, 3:53 PM
    • Volvo (OTCPK:GELYF) reports global deliveries increased 11% in June to 51,431 units.
    • Deliveries in the U.S. were up 41% Y/Y, while China and Western Europe both showed ~6% gains.
    • Volvo YTD global deliveries +11% to 256,563 units.
    | Tue, Jul. 5, 3:53 PM
  • Fri, Jun. 17, 9:30 AM
    • Volvo (OTCPK:GELYF) remains committed to reaching 100K in annual sales in the U.S.
    • The Swedish brand has increased sales by 20% so far this year to put it on a pace to hit 84K in sales.
    • The XC90 and XC60 models have quietly gained market share for Volvo in the closely-watched CUV segment.
    • Volvo U.S. sales breakdown
    | Fri, Jun. 17, 9:30 AM | 2 Comments
  • Thu, Jun. 16, 8:16 AM
    • Volvo (OTCPK:GELYF) car registrations +10.8% to 23,904 units in May, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +16% Y/Y to 1,288,220 units in May, led by +20% gains in Italy, France, and Spain. Registrations were up 12% in Germany and 3% in the U.K.
    • Volvo market share: 1.8% vs. 1.9% a year ago.
    • Volvo YTD registrations +10.8%.
    • EAMA release (.pdf)
    | Thu, Jun. 16, 8:16 AM
  • Tue, Jun. 14, 1:51 PM
    • EV truck maker Nikola Motors has taken a page out of the Tesla playbook by releasing pre-order information and scheduling an unveiling event for later in the year.
    • The startup has taken down 7K reservations with deposits for the Nikola One electric truck. The reservations total $2.3B worth of orders. The Nikola One is promised to have 2,000-horsepower, 1,200 miles of range, and a 320-kWh battery.
    • The class 8 semi-truck is due to be unveiled by the company at an event on December 2.
    • "Our technology is 10-15 years ahead of any other OEM in fuel efficiencies, MPG and emissions. Weare the onlyOEM to have a near zeroemission truck and stilloutperform diesel truck runningat 80,000 pounds," says CEO Trevor Milton.
    • "We believe wewill pass the current market leaderslike Daimler, PACCAR, Volvo andNavistar in sales orderswithin the next12-24 months," adds the exec.
    • Related stocks: NAV, PCAR, OTCPK:GELYF, OTCPK:DDAIF, OTCPK:VOLVY, OTCPK:VOLVF.
    | Tue, Jun. 14, 1:51 PM | 17 Comments
  • Mon, Jun. 13, 6:39 PM
    | Mon, Jun. 13, 6:39 PM | 46 Comments
  • Wed, May 18, 3:27 PM
    • Volvo (OTCPK:GELYF) unveiled two new concept cars today as part of its electrification push toward pure EVs and hybrids.
    • The automaker's 40 series is slated to go into production next year.
    • Early reviews are positive on the new compacts from Volvo, with SlashGear calling the compact Volvos "striking" and Tech Insider pointing to the "stunning" look.
    | Wed, May 18, 3:27 PM | 1 Comment