Movement Alert|Geely Auto Falls 3.04% in Regular Trading, May Sales Growth Stalls at 1% Amid Sector-Wide Weakness

Market Focus
Jun 08

On June 8, Geely Auto fell 3.04% in regular trading, trading at HK$17.88/share, with trading volume of HK$111 million.

On the news front, Geely previously disclosed May total vehicle sales of 237,637 units, representing only 1% year-over-year growth. Notably, pure electric vehicle sales dropped 19% YoY to 76,600 units. By brand, Galaxy series sales fell 20% YoY, Lynk & Co declined 25%, while only Zeekr posted strong growth of 82% to 34,377 units. In comparison, BYD reported May sales exceeding 380,000 units and NIO achieved 62.3% YoY growth, highlighting competitive pressure on Geely's core brands excluding Zeekr.

The broader auto sector also weighed on sentiment, with BYD Company down 2.73%, XPeng down 3.92%, Li Auto down 1.94%, and NIO down 2.95%, reflecting broad-based selling pressure across the industry.

(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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