Geely Automobile Holdings Limited (GRU.F)
| Previous close | 1.0500 |
| Open | 1.0525 |
| Bid | 1.0520 x 840000 |
| Ask | 1.0675 x 840000 |
| Day's range | 1.0525 - 1.0525 |
| 52-week range | 0.8622 - 1.3230 |
| Volume | |
| Avg. volume | 44,140 |
| Market cap | 10.692B |
| Beta (5Y monthly) | 1.18 |
| PE ratio (TTM) | 15.04 |
| EPS (TTM) | 0.0700 |
| Earnings date | 28 Jun 2024 |
| Forward dividend & yield | 0.03 (2.48%) |
| Ex-dividend date | 11 Jun 2024 |
| 1y target est | N/A |
ZacksEU Levies Up to 38% Tariffs on China EVs, Trade Tensions Rise
In an escalating trade dispute, the EU imposes up to 38% additional tariffs on Chinese EVs, raising fears of retaliatory tariffs from China.
ReutersChina's Geely expresses disappointment in EU tariff decision, vows 'necessary measures' to safeguard rights
Chinese automaker Geely on Thursday expressed "great disappointment" in the European Union's decision to increase tariffs on Chinese-made electric vehicles, vowing "all necessary measures" to safeguard its legitimate rights. "We call on the European Commission to carefully consider its decision, listen to the concerns of all parties, and work together to find a solution that promotes fair competition, whilst creating a constructive environment for long-term sustainable development," it said in a statement. Geely would be subject to a 20% additional duty rate from next month as Brussels decided on additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC , on top of the existing 10% car duty.
BloombergChina EV Makers Have Room to Absorb EU Tariffs, Find New Markets
(Bloomberg) -- Chinese electric carmakers may be crying foul over the European Union’s imposition of additional tariffs, but they have several options to keep growing, including shifting production to the continent and using fat profit margins to absorb some of the hit.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanHow the US Mopped Up a Third of Global Capital Flows Since CovidUkraine Bid for Global South Support Falters at Swiss SummitDanes Asked to Kee
