GEELY AUTOMOBILE - jetzt hat es einer bemerkt (Seite 1471)

[Fire72]

Antwort auf Beitrag Nr.: 47.879.834 von joap am 26.09.14 01:30:34

Hi joap,

aus Deinem Beitrag wird mir nicht ersichtlich, ob die Produktionsstätte von VW für Leichtmetallfelgen Geely jetzt als Kunden hat oder ob VW und Geely eine gemeinsame Produktionsstätte für Leichtmetallfelgen bauen....wie siehst Du das???

[Fire72]

Eine kleine Randnotiz....

"Die von Geely am Mittwoch ausgegebene "Anleihe" von 300 Millionen US-$ ist 7fach überzeichnet gewesen...scheint wohl ganz gut angekommen zu sein...

http://www.globalcapital.com/article/n8cn7j5jt206/geely-driv…

[Fire72]

Antwort auf Beitrag Nr.: 47.881.916 von Fire72 am 26.09.14 10:23:06

Korrigiere: Meine nicht EX 8 sonder den EC 8 ....

[Fire72]

Servus Geelianer ,

@ellexi: Der Text von Deinem Beitrag gibt leider genau das wieder, was ich befürchte....langweiliges, veraltetes und in meinen Augen auch unstimmiges, von den Proportionen her, Design .....der eine Satz fällt mir besonders ins Auge, der da sinngemäß lautet:"Das Auto verkauft sich nur, wenn es billig ist...".....bitter, ich glaube nachwievor, dass Geely sich mit diesem Fahrzeug KEINEN Gefallen tut und sogar in Gefahr läuft, einen gewissen Imageverlust zu erleiden....

Ich persönlich hätte es besser gefunden, dass man das Projekt einstampft und durch Horbury & Co. einen neuen SUV designt.....wie man schöne SUV erstellt, zeigt die Konkurrenz....

Solte der GX9 sich gut verkaufen, werde ich mit einer der ersten sein, der sich seine Fehleinschätzung hier eingesteht, aber ich glaube, das Fahrzeug wird ein Ladenhüter, ähnlich wie der EX 8...da kann die TEchnik noch so toll sein, wenn das Kleid nicht stimmt....

[ellexi]

This is the Geely Emgrand EX9 Pride SUV for the Chinese car market



This is the new Geely Emgrand EX9 Pride SUV, it will be launched on the Chinese car market in October. The Geely Emgrand EX9 Pride was previously known as the Geely Emgrand EX8. The Emgrand EX8 debuted as a concept on the 2009 Shanghai Auto Show, and the final shape basically hasn’t changed, bar for the new Emgrand logo.



This is the 2009 concept. Mirrors differ, chrome strip around the front window, antenna, color of the roof rack, and the old Emgrand logo for sure. That’s it. Even the alloys are the same.



The interior has been upgraded a bit more, with a new instrument binnacle, a new center console with a large touch screen, and some nice wood and alu detailing. Compare to 2009:





Power comes from a rather old 2.4 liter four-cylinder petrol engine with 162hp and 210nm, mated to a six-speed automatic or a 5-speed manual.

Let’s compare that to the 2009 numbers: a 2.4 liter four-cylinder petrol engine with 165hp, [no torque number released] mated to a 5-speed manual or a 6-speed automatic.

The GX9 Pride lost 3 horses in five years.

Size: 4844/1884/1762, wheelbase is 2804.

2009: 4839/1884/1715, wheelbase is 2800.

All in all a rather strange affair, this car. It will only sell when it is very cheap. Price is expected to start somewhere around 120.000 yuan and end around to 160.000 yuan, which indeed is not much money for such a big car. Geely says the GX9 Pride is basically a five-seater but will also be available in seven-seat configuration.









GX9 looking surprised. Is it really 2014..?

http://www.carnewschina.com/2014/09/26/this-is-the-geely-emg…

[joap]

Shanghai Volkswagen neue Lieferanten werden Teile mit Geely teilen
http://translate.google.de/translate?hl=de&sl=zh-CN&u=http:/…

Gruß joap

[Fire72]

So wie ich das aus dem "Kopfschmerz" Text herauslese, ist Geely jetzt auf der Handels-Plattform "Jingdong" vertreten, welches dann schon die vierte ihrer Art ist, wo Geely vertreten ist.....

http://www.geely.com/news/news/info/10211.html

[Badkreuznach]

Antwort auf Beitrag Nr.: 47.870.963 von ellexi am 25.09.14 10:17:10

Hier steh'n alle Einzelheiten.

http://www.geelyauto.com.hk/core/files/announcement/en/LTN20…

[Fire72]

Servus Geelianer ,

ist zwar schon vom 16.09.14 aber dennoch interessant, wie Moody Geely so einschätzt ...das könnte vielleicht auch u. a. der GRund sein, warum Geely, trotz der schlechten Verkaufszahlen in 2014, so stabil vom Kurs her bleibt....

"Rating Action: Moody's assigns first-time Ba2 corporate family rating to Geely; outlook stable

Global Credit Research - 16 Sep 2014

Hong Kong, September 16, 2014 -- Moody's Investors Service has assigned a first-time Ba2 corporate family rating to Geely Automobile Holdings Limited (Geely).

Moody's has also assigned a Ba2 rating to its proposed USD senior notes.

The ratings outlook is stable.

The net proceeds from the notes issuance will be used by Geely to refinance its existing indebtedness, expand its business, and for other general corporate purposes.

"The Ba2 corporate family rating reflects our expectation that Geely will achieve robust unit sales growth of around 10%-15% in 2015, given that it operates in China's large and rapidly growing passenger vehicle market," says Gerwin Ho, a Moody's Vice President and Senior Analyst.

Moody's points out that Geely's focus is on China's auto market, which is the largest globally, with unit sales volume reaching 22 million in 2013, a 14% year-on-year growth rate. Its passenger vehicle market, which includes sedans, MPVs and SUVs, grew 23% over the same period.

The high growth rate reflects China's higher GDP growth relative to other economies and the low penetration rates evident in its auto market.

In addition, the government's support of local automakers is favorable to Geely.

"Geely's Ba2 corporate family rating also considers the operational support that the company receives from its parent," says Ho, who is also the Lead Analyst for Geely.

Geely's parent, Zhejiang Geely Holding Group Company Limited (Zhejiang Geely, unrated), supports Geely's production of passenger vehicles through its own holding of licenses to manufacture passenger vehicles in China. Consequently, Geely can manufacture and sell cars in China, while holding 99% stakes in operating subsidiaries, despite its offshore incorporation.

Zhejiang Geely also provides support to Geely in the form of model incubations. For example, the parent's ownership of Volvo Car Corporation is helping Geely develop new models through the two companies' co-operation on the development of the Compact Modular Architecture (CMA) passenger vehicle platform. This platform -- once it becomes operational -- will in turn support Geely's strategy to expand its customer base by developing competitive, larger and higher-priced models.

Moody's points out that Geely's Ba2 rating also takes into account its low debt leverage. Its debt/EBITDA and debt/book capitalization at 31 December 2013 were at 0.3x and 8% respectively.

The company's debt leverage fell in 2013, due partly to lower levels of borrowing and the conversion of RMB901 million of convertible bonds.

The low debt leverage reflects the company's cautious approach to financial management. While it suffered a material decline in sales of 32% year-on-year in 1H 2014 -- partly due to the restructuring its dealership network and weak export sales -- it was able to control inventory, capital expenditure and borrowings. This meant it could maintain good liquidity and low debt leverage.

However, Moody's expects Geely's debt leverage to rise over the next 12-18 months, as the company focuses on improving its products and distribution network.

In addition, Geely's debt leverage will rise further in 2016, as it acquires the CMA passenger vehicle platform from its parent.

Nonetheless, Geely's debt leverage, as measured by debt/EBITDA, will remain below 2x over the next two years; a level which will support its Ba rating.

On the other hand, Geely's rating is constrained by the strong competition in China's auto market. It captured 3.4% of China's passenger vehicle market in 2013, ranking it 10th-largest by unit sales, and second-largest local brand by unit sales.

Geely's limited market share is due to competition from a large number of major international automakers, as well as from local brands; in particular, Geely faces brand and product competition from the major international automakers, and price and value competition from local brands.

Moreover, Geely's exports to emerging markets add volatility to its sales, in turn constraining its rating.

Moody's notes that Geely's product range is limited, as its vehicles are mainly low-priced small sedans. Nevertheless, the company plans to develop new models to improve its competitiveness.

Geely's liquidity position is solid. At end-June 2014, excluding assets and liabilities held for sale, it reported net cash holdings totaling RMB5.6 billion, and cash and marketable securities to debt of 809%.

The stable rating outlook reflects Moody's expectation that Geely will achieve sales growth by producing new marketable models. It will also maintain its discipline in financial management, as seen by low debt levels and a strong liquidity position.

Upward rating pressure could emerge over the medium term if Geely: (1) improves its overall market share through the successful sales of new models; (2) improves profitability, such that its EBITA margins -- net of government subsidies -- exceed 7.5% on a sustainable basis; (3) maintains low debt leverage, as measured by debt/EBITDA below 1.5x; and (4) maintains a solid liquidity profile, as indicated by cash/short-term debt above 1.5x.

Downgrade pressure could emerge if Geely: (1) exhibits weakening sales or falling profit margins; in particular, if EBITA margins fall below 6%; (2) expands capacity rapidly, or if acquisitions are materially funded by debt; or (3) makes substantial distributions to its parent, Zhejiang Geely.

Specific credit metrics that would indicate downward rating pressure include debt/EBITDA well above 2.5x.

The principal methodology used in this rating was Global Automobile Manufacturer Industry published in June 2011. Please see the Credit Policy page on www.moodys.com for a copy of this methodology.

Geely Automobile Holdings Limited is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange.

The company is one of the largest privately owned, local brand automakers in China. Geely develops, manufactures and sells passenger vehicles that are sold in China and globally. Chairman and founder, Mr. Li Shufu, became Geely's controlling shareholder in June 2005. Mr. Li and his family held a 42.6% stake in the company at end-2013."

https://www.moodys.com/research/Moodys-assigns-first-time-Ba…

[ellexi]

Geely to raise US$300m through bonds


Geely last month lowered its full-year sales target by 25.9 per cent to 430,000 units. Photo: Reuters

Geely Automobile Holdings plans to raise US$300 million by issuing a five-year corporate bond to refinance debt and fund business expansion.

The notes to be issued will carry an annual interest rate of 5.25 per cent. Interests will be paid semi-annually, it said in a filing to Hong Kong’s stock exchange.

They are redeemable by Zhejiang province-based Geely in October 2017 at 2.63 per cent above the principal value, or in October 2018 or after at a premium of 1.31 per cent.

Citi, Deutsche Bank and JP Morgan are the deal’s joint global co-ordinators and joint book-runners.

Geely last month lowered its full-year sales target by 25.9 per cent to 430,000 units, after reporting a 20.4 per cent year-on-year decline in net profit for the year’s first half to 1.1 billion yuan (HK$1.39 billion) amid rising competition from foreign carmakers.

Chief executive Gui Shengyue said at the time he expected sales to pick up in the second half, during which it planned to launch two models.

Geely had a low total borrowings-equity ratio of 4.7 per cent as of the end of June, its interim report showed.

http://www.scmp.com/business/companies/article/1600035/geely…