GEELY AUTO (HKEX: 00175) experienced a significant intraday surge, with its stock price soaring 5.06%. The movement occurred during Wednesday's trading session, reflecting strong investor sentiment towards the automaker.

The rally was primarily driven by the news that Geely's driver assistance system has received certification to operate in the European Union. This marks the first time a Chinese-developed auxiliary driving system has met the UN R171 regulatory standards, with the company expecting to launch the first model equipped with this Geely Afari Smart Driving system in Europe in 2026.

Further bolstering investor confidence were the company's impressive overseas sales figures. GEELY AUTO reported May overseas sales of 85,000 units, representing a year-on-year surge of 183.7%, hitting a record monthly high. The company's premiumization strategy, particularly through its Zeekr brand, is showing strong consumer acceptance, with premium 8-series and 9-series models contributing significantly to volume. Multiple brokerages have maintained buy ratings on the stock, citing these positive fundamentals and sales outperformance versus the broader industry.