Geely Auto (HKG:0175) saw its stock price soar by 5.12% during intraday trading on Wednesday, as investors reacted positively to a new report highlighting the company's strong position in future readiness among global automakers.

The surge comes after the International Institute for Management Development (IMD) released its future readiness report for the auto industry. Geely Auto secured a spot in the top four positions, alongside other Chinese electric vehicle (EV) manufacturers. This recognition underscores Geely's ability to anticipate and adapt to external changes in the rapidly evolving automotive sector.

The report also revealed that Chinese EV makers are dominating the future readiness rankings, with BYD overtaking Tesla for the top spot. This strong showing by Chinese manufacturers, including Geely, Li Auto, and BYD, demonstrates the growing influence of Chinese companies in the global automotive industry, particularly in the electric vehicle segment. The positive outlook for Geely's future competitiveness appears to have boosted investor confidence, driving the significant uptick in its stock price.