The Biggest Chinese EV Company You Never Heard Of. Geely Auto GELYF GELYY stock.
The Biggest Chinese EV Maker You Never Heard Of
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Geely Auto is one of about a half dozen lesser known Chinese manufacturers that may not get the recognition in the West they deserve but have developed themselves into powerful multinational corporations with thousands of employees, manufacturing facilities on multiple continents and R&D.
Geely stock trades under Ticker: GELYF and GELYY
GELYF is the ordinary share, not an ADR or American Depository Receipt of Geely Auto group traded on the Hong Kong stock exchange. It is available OTC in the United States
GELYY is the American Depository Receipt which also trades OTC in the United States
One should note that neither one of these securities trades in tremendous volume on a day to day basis despite the fact this is a company with a market cap of around $32 billion
So Who Is Geely Automobile Holdings and why are they potentially such a big deal that I am making a video on them for my channel.
Geely is a global automobile maker that that owns several well known brands such as Volvo, Proton, Lotus, Lynk and co. and of course the Geely Auto brand. They are also a major shareholder in Daimler AG and have joint ventures with several other major auto producers They produce over 1.5 million cars each year.
The company was established in 1986 by business magnate Li Shufu who is an interesting character with a background that I think most folks will admire if you like stories about regular people who succeed by pulling themselves up by their bootstraps and taking risks.
Company Founder Li Shufu has also been a very vocal proponent of fueling domestic innovation through native research and discovery rather than through acquisition of technologies from foreign sources.
Despite those sentiments however since 2010 Geely’s international growth has been accomplished mostly through acquisitions and joint ventures.
February 22nd 2021 Geely confirmed plans to set up a new all electric vehicle company to compete directly in the intelligent battery electric vehicle space.
This confirmation comes on the heels of a series of stunning announcements from last month that largely flew under the radar in western press.
Last month, Geely announced a series of new strategic partnerships with struggling EV company Faraday Future, internet giant Baidu, Apple manufacturing partner Foxconn and technology conglomerate Tencent.
Tugella, Okavango, Azkarra, Coolray
Geely has already developed its own open source Geely EV platform that it plans to use across its brand portfolio called the Sustainable Experience Architecture Platform or SEA EV Platform.
According to a press release, Geely hopes the use of the open source SEA coupled with software overlays provided by Baidu and Tencent will give manufacturer who want to adopt the SEA platform and by extension their customers unrivalled connectivity, shared vehicle functions, e-motor capabilities, constant over-the-air-updates that will keep vehicles up to date, leading autonomous drive functions, and will offer a maximum range in excess of 700km between recharging with the capacity to increase range in the future.
Synergies generated by the architecture within Geely Holding are expected to reduce development costs at participating brands and to generate substantial savings on R&D costs.”
But the EV revolution is providing an opportunity to radically change world economic dynamics. By positioning GEELY the way he has and with the $2.8 billion investment in the development of the Sustainable Experience Architecture EV platform.
Geely brands that include Volvo, Polestar, Lotus, London Electric Vehicle Company (LEVC), Smart, Daimler, Lynk & Co, Geometry, Zhidou, Maple, Farzion and Proton.
geely Tugela, geely Okavango, geely Azkarra, geely Coolray
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Just purchased a couple K
I like this company a lot
Just bought XPEV at $32. Seemed like a good price considering that they own their own factories, spend loads on R&D and seem to be the only Chinese car maker visible in Europe at the moment (I think?). What do you think?
world-systems theory always felt like an articulation of the bourgiousie/proletariat model for nation states. or otherwise some kind of master-slave dialectic thing. im sure they diverge in the details, but in broad brushstrokes
This company looks like is going to be a huge deal in the future of EV's…. Gracias 🙂
can you please look into the potential of this company from LA "Alpha Motor Corporation" Love the Retro look I would definitely buy one !!!
this channel is pure gold, thanks for the research work and bringing all these interesting companies to our attention!
Their revenues are struggling a bit though unlike BYDDY LI NIO XPEV
Thanks for the awareness of this company! Thought I knew all of the EV players, but I missed this one.
This was informative and interesting, but a little troubling.
1. Your key concern around the 3:20 mark was never addressed: why are the valuations of these incredible, dynamic, hugely influential Chinese companies…trading so damn low?
2. I know these videos aren't easy to make, and yet you make a bunch of really involved presentations with insights not repeated elsewhere (the Nationalistic or prideful source of Geely founder philosophy, the truth about thousands of car failures in American markets, the ethnocentrism and optimistic analysis bias of stock purchasers)…but is it another Li, Xpeng, NIO or not? Are you just biased on all things Chinese EV?
Sounds great and thank you for being something new to us I’m sticking to BYDD Nio and Xpeng lol plus Tesla that’s enough ev for me
$65 too high for GELYY. I am sticking with FORW($0.85) and TSPND($4.55). The next BITCOIN Fintech to comepte with Zelle, Venmo, Paypal, SQ.
I'm very interested in Geely, thanks for the info/perspective. I really like what they are doing and think they show great promise.
I have no plans to invest at present or foreseeable future, as I don't trust the future of the HKEX. I also have concerns about Chinese companies in general, and I'm waiting to see how things play out in that problematic environment. If Geely were removed from the control of the CCP I'd seriously consider an investment.
Interesting, hadn't heard about these guys. Ty
I think the Lynk&Co Concept 00 EV is the best looking EV on the market. If it was available in the US I would buy one.
Thanks Jason, you are always bringing attention to true innovation wherever they are. Thanks for your open mindedness. China has a lot more work ahead to appeal to an international audience, but at least they are working hard at it. I hope one day we as Chinese are not synonymous with cheap knockoffs anymore, and can hold our heads high because of superior and innovative products.
thank you sir for bringing out gems like this to us.
I was looking at Geely but similar to Li; it's not a pure play on EV. Went with NIO and BYDDY instead.
Hi jason hope all is well :)! Hasn’t heard of them ! Interesting thanks for the video !
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Thank you very much for your dedications to research
Wow your videos are like a 10 minute deep dive and are super enlightening! I agree with the understanding of that assertion. I have found it infuriating that for the past 45 years, success has been measured in how many heads you could turn, rather than true, progressive, beneficial, and benevolent, innovation that moves us forward. Hopefully this expands and is adopted. And if it does, that would make Geely quite valuable. Linux on wheels. Ill be there with my pinguin mobile.
blackberry QNX seems too be a part of what your talking about.
Thanks for sharing this ?