Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Zhejiang Geely Holding Group Co., Ltd has purchased a 7.6% stake in Aston Martin Lagonda Global Holdings PLC, a London-based English manufacturer of luxury sports cars and grand tourers. Prior to this new acquisition, it has already invested in other vehicle brands such as Mercedes-Benz, Volvo, and Polestar.
With the new major investment in Ashton Martin, the Chinese multinational automotive company headquartered in Hangzhou, Zhejiang is effectively expanding its acquisition portfolio as it gears towards becoming one of the leading manufacturers of electric vehicles.
Geely’s purchase of a 7.6% stake in the publicly traded luxury car producer was made possible after raising $730 million in the latest funding round that was participated in by Saudi Arabia's Public Investment Fund.
It was noted that the investment comes only two months after Ashton Martin Lagonda rejected the previous offer. At any rate, as per Fox Business, the Chinese automaker also has control over Lotus automotive company aside from the other makes that were mentioned earlier.
Geel owns more than nine percent shares in Mercedes-Benz, so it has really accumulated a number of good investments. On the other hand, it was said that Aston Martin Lagonda has been working hard to raise capital to pay its debt, so the deal with Geely will be of help.
The English car brand is also launching its very first fully electric car model, and the target date is in 2025. By 2026, the company hopes to release its entire EV lineup and other electrified options.
“We are delighted to announce our investment in Aston Martin and believe that with our well-established track record and technology offerings, Geely Holding can contribute to Aston Martin’s future success,” Geely Holding Group, chief executive officer Daniel Donghui Li, said in a press release.
He went on to say, “We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long term, sustainable growth and increased profitability.”
Meanwhile, Aston Martin did not reveal the exact value of the deal with Geely however, based on the closing share price last week, the stake could be valued at £7.55 billion or around $8.39 billion.
