As of the close of June 29, Geely Automobile exceeded the total market value of HK$154.39 billion for the first time, surpassing BYD into the automobile industry's own brand industry, ranking third in the national automobile manufacturers.
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On May 24 this year, Geely Group announced the acquisition of a 49.9% stake in DRB's Proton and a 51% stake in the luxury sports car brand Lotus Group. Geely Group will become the exclusive foreign strategic partner of Proton.
Since then, Geely's share price has soared. As of the close of June 29, Geely's share price closed at HK$17.28, and the market value rose by HK$40.89 billion in one month (on May 31, its market value was only HK$113.5 billion). It reached HK$154.39 billion.
It is understood that the current market value of the domestic vehicle manufacturers is the first and second of the SAIC Group and the Guangzhou Automobile Group, of which the latest market value of SAIC Group is 359.15 billion yuan, far exceeding the second and third place. The current market value of Guangzhou Automobile Group is 169.9 billion yuan. The gap between Geely Automobile and Guangzhou Automobile Group is getting smaller, which is the second largest trend in Guangzhou Automobile Industry.
