Movement Alert|GEELY AUTO Falls 3.19% in Regular Trading, Auto Sector Under Broad Selling Pressure Amid Full-Year Target Concerns

Market Focus
Sep 02

On September 2, GEELY AUTO fell 3.19% in regular trading, trading at 16.98 HKD/share, with turnover of 3.14 billion HKD. The decline came amid broad-based weakness across the automobile manufacturers sector.

On the news front, the company recently disclosed August sales of 270,194 vehicles, up approximately 8% year-over-year, with exports surging 205% to 110,094 units and ZEEKR deliveries soaring 110% to 36,981 units. However, Lynk & Co sales slid 37% to 17,027 units. Critically, cumulative sales for the first eight months exceeded 1.9 million vehicles, representing only a 2% year-over-year increase, leaving a significant gap to the full-year target of 3.45 million units and highlighting considerable acceleration pressure in the second half.

Within the Automobile Manufacturers sector, the overall sector was under pressure. Among individual stocks, BYD COMPANY down 3.85%, LI AUTO-W down 4.08%, XPENG-W down 3.33%, NIO-SW down 5.34%, LEAPMOTOR down 0.11%.

(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.)

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