SEHK:175Auto
UK EV Credits Turn MG Into New Earnings Source For Geely
UK electric vehicle credit rules allow MG, owned by Geely Automobile Holdings, to sell surplus EV credits to other carmakers.
MG has exceeded the UK's net zero vehicle sales targets, creating a new revenue stream within the UK regulatory framework.
This policy shift directly affects Geely's exposure to the UK market through its interest in MG branded EVs.
Geely Automobile Holdings (SEHK:175), trading at HK$16.09, is in a mixed performance phase, with the share price up 14.7% over 1 year and...