January 8, 2024 6:29am | 1 minute read
“Start 2024 Strong with 3 Hot Stock Ideas – Virtually Free”
Are you ready to take advantage of the next 32%, 39%, or 45% upside potential in today’s market? You’re about to miss the 3 latest stock ideas from stock expert Gianni Di Poce. .One that can change your entire wealth creation journey. If you’re ready to start 2024 strong with 12 Rising Stock Ideas every month. Act quickly.
Geely Automobile Holding (OTC:GELYY) electric vehicle subsidiary, Geeker, According to reports, the company aims to double the number of vehicles delivered to reach 230,000 in 2024.
This goal was achieved shortly after the launch of its fourth model, the Zeekr 007 sedan, in December. In addition to focusing on increasing domestic sales this year, Zeekr also aims to expand its presence in Europe, the Middle East and Asia, Reuters reported.
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In 2023, Zeekr saw a significant increase in sales, delivering 118,685 units, an increase of 65% compared to the previous year.
Please also read: Geely’s EV exports are in turmoil: Reports say Red Sea attack could lead to cost increases and delivery delays
According to the report, the company was unable to achieve its target of 140,000 units due in part to intense competition and price wars involving more than 40 brands in China, the world’s largest car market.
Geeker postponed its U.S. IPO plans last November, citing valuation discrepancies and increased market volatility.
Please also read: Chinese automaker Geely Automobile’s EV brand Zeekr launches fast charging battery: Report
price action: GELYY stock closed 0.26% higher at $21.38 on Friday.
Disclaimer: This content was created in part using AI tools, and reviewed and published by Benzinga editors.
Photo via company
“Start 2024 Strong with 3 Hot Stock Ideas – Virtually Free”
Are you ready to take advantage of the next 32%, 39%, or 45% upside potential in today’s market? You’re about to miss the 3 latest stock ideas from stock expert Gianni Di Poce. .One that can change your entire wealth creation journey. If you’re ready to start 2024 strong with 12 Rising Stock Ideas every month. Act quickly.
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