Geely Auto's stock soared 5.00% during intraday trading on Thursday, driven by the company's strong first-half performance and positive outlook from multiple investment banks.

The automaker disclosed record first-half sales of 1.9348 million units, with new energy vehicle sales reaching 1.1009 million units, representing a 10% year-over-year increase. Geely also became the top-selling passenger car brand in China for the period, while its overseas exports surged 158% year-over-year to 474,000 units, already surpassing last year's full-year export volume.

Multiple investment banks have expressed bullish views on Geely's stock. Citi added the company to its Pan-Asia Focus List with a target price of 30 HKD, citing strong export momentum and sales breakthroughs from its premium brand Zeekr. CLSA maintains a high-conviction outperform rating with the same target price, while Changjiang Securities, Guotai Haitong, and Oriental Securities all maintain Buy ratings, highlighting the company's overseas expansion and premium brand profit realization.