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In 2018 China Car Times was acquired by Autowise. This article originally appeared on ChinaCarTimes.com.

Chinese Car News, Geely Automobile | CCTFebruary 20, 20075:07 am

We honestly dont know a thing about shares, honestly. We get asked all the time about Chery stock and we couldnt tell you anything about it. We do have this snippet of information though:

Geely Automobile Holdings, the Mainlands largest privately owned carmaker, is raising up to HK$648 million by placing new shares to investors to fund its new production facilities.Geely hired Deutsche Bank to help sell 600 million new shares, or 14.4% of its enlarged share capital, at an indicative range of HK$0.98 HK cents to HK$1.08 each.

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2 Comments

  1. Warren2 says:March 30, 2007 at 4:46 pm

    Antonov signs gearbox production licence with Geely
    The board of Antonov plc is delighted to announce that it has signed a production licence agreement with Zhejiang Geely Automobile Gearbox Co., the transmission manufacturing subsidiary of Geely Automotive (Geely). This follows the announcement on 27 November 2006 that Geely and Antonov had signed heads of agreement for the licence, which is for the production of the companys TX6 six-speed automatic transmission.
    Under the licence, Geely will have the non-exclusive worldwide rights to manufacture and sell transmissions covered by the Antonov 6-speed automatic patents and will also receive design support from Antonov.

    Antonov will receive licence fees totalling Euro 900,000 payable over the next nine months and then a production royalty on each transmission produced.

    Geely is one of Chinas leading automotive companies and is listed on the Hong Kong stock exchange and currently produces around 200,000 cars per annum and continues to grow strongly. Both companies will be working together to incorporate the TX6 into a number of models with production commencing in 2008.

    Geely has already taken two models of conventional automatic transmission to production and the Antonov TX6 will be an addition to this model line-up. The transmission will also be available to other vehicle makers worldwide.

    John Moore, CEO of Antonov plc, said: I am very pleased to be able to confirm this licence agreement. Geely has a strong track record in developing transmissions and their experience and established infrastructure will allow us to bring our technology to production rapidly. China is a key market for our technology and Geely provides an excellent customer reference site, which will underpin our commercialisation strategy in the region.

    Mr An Conghui, vice president of Geely Automotive, said: Geely is delighted to have secured the Antonov TX6 licence which in turn has strengthened our transmission product range and enabled us to bring to market a vehicle which will incorporate Antonov technology delivering a compact and cost effective solution. We look forward to working with the Company closely as we move towards volume production in 2008.
    ============================================================

    Antonov Unveils First Two Speed Supercharger
    Text & Photos courtesy Antonov plc

    Worlds first enters series production
    The worlds first two speed supercharger drive system to enter series production will be demonstrated by Antonov, the automotive technology company, at the Engine Expo exhibition at Stuttgart in Germany next week. The following week, the racing driver Peter Kox will demonstrate the technology at the Zandvoort race circuit in the Netherlands.

    And see the results:
    To see this supurb Antonov supercharger in action goto: Good movies with big sound s
    http://www.antonov-clubsite.nl/000000962f000d411/00000097c90900001/index.html
    http://www.antonov-clubsite.nl/000000962f000d411/000000987d111fa03/index.html

    Antonov has given on the 16th and 17th may 2006 a demonstration with a Ford Mustang and a Chevrolet 1.8 ltr. Both cars where build with a combined Rotrex/Antonov AMM 2-speed step up supercharger.

    On the URL above all movies who are made at race circuit Zandvoort (The Netherlands) concerning the driving performance off both cars.

    Or:
    http://www.antonov-clubsite.nl
    Then folder foto & film Galerie
    Then folder AVA 2006

    And more:
    http://www.antonovforum.com (discussions about the Antonov technology)
    http://members.lycos.nl/magpie69/Antonovpatents.htm (About all the Antonov patents and historie of the Antonov company and much more information).
    The Antonov Lambourghini:
    http://www.antonov-clubsite.nl/000000962f000d411/00000097c814c3a01/index.html

    Also a lot of detailed pictures of this combined Rotrex/Antonov supercharger with the Antonov AMM 2-speed set up module.
    In 31 oktober 2006 it will be demomstrated at the SEMA show in Las Vegas. Very good movie!!!! http://www.nmratv.com/index.php?stream=http://www.streetlegaltv.com/video/sema/fri-sema-w2w.flv&playlist=1
    There is also a http://www.AntonovForum.com
    Here we have all kind of discussions about this Antonov technology.
    http://members.lycos.nl/magpie69/Antonovpatents.htm (About all the Antanov patents and historie of the Antonov company and much more information).
    The Antonov Lambourghini:
    http://www.antonov-clubsite.nl/000000962f000d411/00000097c814c3a01/index.html

    Reply

  2. JRA says:November 26, 2007 at 9:53 pm

    Looking for reasons to invest in GEELY stock.

    Is it GELYF.PK ?

    Thanks [email protected]

    Reply

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