Geely Auto’s market value exceeds BYD for the first time, ranking third in domestic auto industry

Shanghai June 30th, 2017 Gasgoo-Geely Auto’s total market value exceeded BYD for the first time on June 29th, ranking first among self-independent brands and third among all domestic auto industry.
Geely Group announced to purchase 49.9% shares of Proton Auto from DRB Group and 51% shares of luxury brand Lotus Group on May 24th, becoming Proton Auto’s exclusively foreign strategic partner.
Geely Auto’s stock price soared afterwards, reaching HKD 17.28 on June 9th. Its market value also increases HKD 40.89b to HKD 154.39b during one-month period.
It’s known that SAIC and GAC ranking first and second respectively in the domestic auto market in terms of market value. SAIC Group has a market value of RMB 359.1b currently, much greater than others. GAC Group has a market value of RMB 169.9b, and the distance between Geely Group and GAC Group is narrowing fast.