California
moderate rain
12 ° C
13.8 °
10.4 °
100 %
4.1kmh
100 %
Sun
16 °
Mon
6 °
Tue
2 °
Wed
-2 °
Thu
-1 °
Sunday, February 16, 2025

Xiaomi to invest $4.2...

At Beijing’s Haidian District Economic and Social High-Quality Development Conference yesterday, Xiaomi...

BJP’s legislative party to...

NEW DELHI: After a historic victory in the Delhi Assembly...

Tea shop gutted in...

A tea shop located on the Tiruchengode New Bus Stand road was...
HomeChinaGeely sees double-digit...

Geely sees double-digit margins for its premium Zeekr brand: executive · TechNode


China’s Geely achieved “double-digit” gross margins for its premium electric vehicle brand Zeekr in the first half of 2023, beating rivals with similar sales volumes, Geely Auto Group chairman Andy An told an investor meeting on Tuesday. An, also chief executive of Zeekr, added that the company will introduce an electric sedan under the Zeekr marque by the end of this year and expand its three-model lineup in 2024, bringing out two new sports utility vehicles. Gross margins for Geely Automobile Holdings Ltd., which operates Geely Galaxy, Lynk & Co, and Zeekr, fell to 14.4% as of June 30, down from 14.6% a year ago and 17.2% in the first half of 2021. The Zhejiang-based carmaker earned RMB 1.6 billion ($216.8 million) in net profit on RMB 73.2 billion in revenue during the first six months of this year, representing a 26% increase year-on-year compared to RMB 58.2 billion in revenue over the same period last year. [Geely’s announcement]

Continue reading

Xiaomi to invest $4.2 billion in R&D development in 2025 · TechNode

At Beijing’s Haidian District Economic and Social High-Quality Development Conference yesterday, Xiaomi CEO Lei Jun highlighted the critical role of both corporate confidence and R&D (research and development) investment. In the face of challenges, companies must maintain confidence...

BJP’s legislative party to meet tomorrow: Who will be Delhi’s next CM? – The Times of India

NEW DELHI: After a historic victory in the Delhi Assembly elections, the Bharatiya Janata Party (BJP) is now gearing up for a major decision: who will become the next chief minister of Delhi? The party secured...