The company is in talks with a number of other car makers to license the technology, including Daimler, Mercedes Benz’s owner. Geely Automobile Group owns Geely Automobile brand, Lingke brand and geometry brand. It owns 49.9% shares and all management rights of proton and 51% shares of luxury sports car brand lutos. In the middle of August this year, Geely Automobile released its interim performance report for six months up to June 30, 2020. The report showed that the company’s revenue in the first half of the year was 36.818 billion yuan, down 23% year-on-year, and its net profit was 2.297 billion yuan, a year-on-year decrease of 43%. Financial performance was lower than management expected.
novel coronavirus pneumonia sales volume was 530 thousand and 400 in the first half of this year, down 19% compared with the same period last year, lower than the overall decline of domestic automobile market. The decline in sales volume was mainly affected by the new crown pneumonia epidemic. As of press release, Geely’s share price was HK $15.3, down 2.17% from HK $5.64 on the previous trading day, with a total market value of HK $150.14 billion. Google said the proposed media negotiation rules would put its free services in Australia at “risk”