Geely Auto (00175) saw its stock price surge by 5.08% in morning trading, leading a broader rally in automotive stocks. The company's shares climbed to HK$19.19, outpacing gains seen by other sector players such as NIO, Li Auto, and XPeng, which also posted significant increases.

The rally comes on the heels of encouraging data from the China Passenger Car Association, which reported a 4.6% year-over-year increase in national passenger car retail sales for August 2025, reaching 1.995 million units. New energy vehicle sales were particularly strong, with August retail sales totaling 1.101 million units, marking a 7.5% year-over-year increase. Industry analysts from Founder Securities noted that with the traditional peak selling season approaching and new model launches, terminal demand is expected to continue recovering.

Geely Auto's stock surge was further bolstered by company-specific news. On September 9, Geely Constellation successfully launched its fifth orbital plane, deploying 11 satellites in a single mission. This launch included a "Lynk & Co 900" satellite, marking a significant step in the company's "integrated heaven-earth mobility ecosystem" strategy. Additionally, Lynk & Co, a Geely brand, launched its first mid-to-large plug-in hybrid sedan, the Lynk & Co 10 EM-P, on the evening of September 8. These developments underscore Geely's commitment to innovation and its expanding presence in both the automotive and aerospace sectors.