A manufacturer based in Hangzhou, China
With a slowing global economy and most of its manufacturing plants shut down due to the Covid-19 outbreak, the automobile sector is facing its biggest existential crisis since 2008. Yet Geely is forming a bold strategy to boost revenues.
The satellite project has become a landmark event for geely holding to build a technology-based enterprise. With this as the support, the company has actively explored the space and aviation field and made continuous efforts in cutting-edge technologies such as Shared travel, Internet of vehicles, unmanned vehicle, on-board chip, operating system, low-orbit satellite and space exploration.
In 2020, Geely will launch two low-orbit satellites to carry out the commercial verification of the world's first low-orbit navigation enhanced satellite system.
It is estimated that the company's net profit in 2019-21 years is CNY 94.7/128.9/14.98 billion respectively, corresponding to pe10.8/7.9/6.8 times, maintaining a 'buy' rating.
This paper focuses on the analysis of Volvo's sales volume, market share and profitability in recent years. The restructuring of geely Volvo will open a new stage of coordinated development between the two parties.