On August 10, GEELY AUTO rose 3.58% in regular trading, trading at 19.06 HKD/share, with turnover of 165 million HKD.
On the news front, the company recently reported July sales of 250,161 vehicles, up 5% year-over-year, with new energy vehicle penetration reaching 64%. Overseas exports surged 202% YoY to 106,663 units, marking seven consecutive months of sequential and year-over-year growth. The ZEEKR brand delivered 35,837 units in July, soaring 111% YoY, with cumulative sales for the first seven months up 99% and exports up 165%, signaling an accelerating shift toward premium and overseas markets.
Additionally, a subsidiary of Geely Technology signed a 10-year battery-grade lithium carbonate supply agreement with Guocheng Mining, securing critical raw materials for its electrification strategy. Multiple investment banks maintained bullish outlooks, with Guotai Haitong issuing an Outperform rating and a target price of 34.49 HKD, Bank of America reiterating Buy with a 29.30 HKD target, and Citi maintaining Buy at 30 HKD, citing strong export momentum and improving profitability from high-end models.
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