On August 4, GEELY AUTO fell 3.06% in regular trading, trading at HKD 18.98/share, with turnover of HKD 364 million. The decline came amid broad-based selling across the automobile manufacturers sector, compounded by company-specific headwinds from its Lynk & Co sub-brand.

On the news front, while GEELY AUTO reported July total sales of 250,161 vehicles (up 5% YoY), its Lynk & Co brand posted a sharp 40% YoY decline to just 16,382 units. In contrast, ZEEKR deliveries surged 111% to 35,837 units. Additionally, the newly launched Lynk & Co 07GT encountered registration issues due to certificate parameter errors, prompting official compensation of up to 50,000 Co points per affected customer. Separately, multiple Lynk & Co models were reported to have lidar malfunctions requiring hardware replacement.

The broader sector traded lower, with SERES down 5.0%, XPENG down 3.59%, LI AUTO down 3.09%, GWMOTOR down 1.56%, and BYD COMPANY down 0.79%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)