Geely Auto (HKG: 00175) saw its stock price surge 5.02% during Friday's intraday trading, as investors responded positively to the company's recent announcements and upcoming events. The Chinese automaker's shares climbed on a combination of factors, including the implementation of a share buyback program and anticipation of its upcoming quarterly earnings release.

The company announced the implementation of its share buyback program earlier in the day, a move that typically signals management's confidence in the company's value and future prospects. Share buybacks are often viewed favorably by investors as they can lead to increased earnings per share and demonstrate a company's commitment to returning value to shareholders.

Adding to the positive sentiment, Geely Auto is scheduled to release its Q1 2025 earnings report on May 15. The upcoming financial disclosure has sparked investor interest, with many likely positioning themselves ahead of the results. Strong anticipation for positive quarterly figures may be contributing to the current stock price rally.

As Geely Auto continues to navigate the competitive automotive landscape, particularly in the electric vehicle sector, investors will be closely watching for signs of growth and market share gains in the upcoming earnings report. The combination of the share buyback program and the imminent financial results appears to have boosted investor confidence, driving the stock's significant intraday gain.