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HKG:0175

12 stories mentioning HKG:0175

Every FINWIRES story that references HKG:0175, newest first.

Asia

Geely Automobile to Streamline Operations and Focus on Hong Kong-Listed Arm

Geely Automobile's (HKG:0175) parent Zhejiang Geely plans to shut down or merge redundant entities to build a more efficient corporate structure, said chairman Li Shufu at a recent industry on Saturday.Resources will be concentrated around its Hong Kong-listed unit, Geely Automobile, as the core platform, though specific units were not named, according to a transcript on the company's website.Shufu also reaffirmed the company's commitment to long-term growth, safety, and global partnerships with Volvo and Renault, while warning against shortcuts in manufacturing.

HKG:0175HKG:80175
Asia

Geely Automobile's Sale Rise 1% in May

Geely Automobile (HKG:0175) reported sales of 237,637 vehicles in May, up 1% from 235,208 units a year earlier, according to a Monday Hong Kong bourse filing.Of the total, Geely-branded sales slipped 3% to 182,528 units, including 81,727 Galaxy units, which were down 20% from a year ago.ZEEKR deliveries rose 82% to 34,377, while Lynk & Co. sales slid 25% to 20,732.For the five months ended May 31, sales grew 1% to nearly 1.2 million vehicles.

HKG:0175
Asia

Chinese EV Sales Fall 6% in April, Jefferies Says

Chinese electric vehicle sales fell 6% year over year in April, contributing to weaker growth worldwide, Jefferies said in a note Wednesday.Plug-in hybrid EV sales plunged 24% year over year, while that of battery-operated EVs jumped 4% year over year.In the battery EV segment, Li Auto's (HKG:2015) market share increased 4.1% while that of Zhejiang Leapmotor (HKG:9863) jumped 2.9%.BYD's (HKG:1211, SHE:002594) market share fell 4.5% while that of Geely (HKG:0175) slid 3.9% year over year.Electric vehicle penetration surged 830 basis points year over year to 61%.EV sales across Europe, the U.S., and China slipped 0.5% year over year. Market share rose 2.5 percentage points to 33.1%, impacted by a 19% slide in Chinese market share.

Shanghai Composite^SZSEHKG:0175HKG:1211HKG:2015HKG:9863SHE:002594
Asia

U.S. Allows Volvo to Continue Sales of Chinese Connected Cars

Volvo, which is majorly owned by Geely (HKG:0175), is allowed to continue importing connected cars to the U.S., avoiding the Trump administration's ban on Chinese cars.The U.S. Department of Commerce granted a permit to the Sweden-based automobile maker to import and sell connected vehicles in the country, according to a Tuesday press release.The Commerce Department placed a ban on Chinese connected cars and a 100% import tax on Chinese electric vehicles, according to a report on Bloomberg News.Volvo invested $1.3 billion into its U.S. operations to date and plans to bring two additional vehicles into production before 2030, the press release said.

HKG:0175
Asia

Market Chatter: Geely Automobile to Buy Ford Assembly Facilities in Spain

China's Geely Automobile (HKG:0175) is taking over a part of a Ford factory in Spain, Reuters reported Wednesday, citing a local publication.The company has reportedly agreed to purchase the Body 3 vehicle assembly facilities at the Almussafes plant in Valencia, with plans to build one of its models there, Reuters reported, citing Spanish trade publication La Tribuna de Automocion.A Ford representative called the news speculation, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0175
Asia

Geely Automobile's April Sales Flat

Geely Automobile (HKG:0175) posted April sales of 235,164 vehicles, flat from 234,112 units a year earlier, according to a Sunday Hong Kong bourse filing.For the first four months of 2026, total sales rose 1% to 944,522 vehicles from 937,936 a year earlier.Of the total, Geely-branded sales fell 6% to 180,622 units, including 91,001 Galaxy units, which declined 6% from a year prior.ZEEKR deliveries, however, jumped 132% to 31,787 units, while LYNK & CO sales fell 18% to 22,755 units.Battery electric vehicle sales dropped 19% to 74,860 units, while plug-in hybrid electric vehicle sales rose 83% to 60,731 units.

HKG:0175
Asia

Hong Kong Stocks Rebound as China Policy Signals Lift Sentiment; Sunmi Tech Shines on Debut

Hong Kong stocks rebounded on Wednesday as policy signals from China's top leadership lifted sentiment alongside improving corporate earnings sentiment.The Hang Seng Index gained 432.06 points, or 1.7%, to close at 26,111.84, while the Hang Seng China Enterprises Index added 160.79 points, or 1.9%, to 8,805.60.China's Politburo called for faster development of a modern industrial system, wider adoption of artificial intelligence, and greater emphasis on technological self-reliance and supply chain resilience.It also highlighted measures to support consumption, stabilize the property sector, protect employment, and address industrial overcapacity.Meanwhile, markets also absorbed the surprise departure of the United Arab Emirates from OPEC, although the broader alliance is expected to remain intact.In corporate news, Shanghai Sunmi Technology (HKG:6810) made its Hong Kong debut, closing 241% higher at HK$84.80, compared with the offer price of HK$24.86.Hong Kong Exchanges and Clearing (HKG:0388) gained nearly 3% after reporting a 27% increase in first-quarter profit.Geely Automobile (HKG:0175) gained nearly 3% despite reporting a 27% decline in first-quarter profit.

Hang SengHKG:0175HKG:0388HKG:6810
Asia

Geely Automobile's Profit Drops 27% in Q1

Geely Automobile Holdings (HKG:0175) posted profit attributable to owners of the parent of 4.17 billion yuan for the first quarter, down 27% from 5.67 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Revenue rose 15% to 83.8 billion yuan from 72.7 billion yuan in the prior-year period.The company's car sales rose 1% year over year to 709,358 units in Q1.

HKG:0175
Asia

Market Chatter: Volvo Holds on to Plan to Build Electric Vehicle in US

Zhejiang Geely Holding Group-owned Volvo Cars continues to plan building a new electric vehicle in U.S. in late 2026, Nikkei Asia reported, citing an interview with CEO Hakan Samuelsson.According to the report, Volvo does not plan to walk back on the plan even after the Trump administration ended tax breaks for electric vehicle purchases.Volvo is an affiliate of Geely Automobile (HKG:0175).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0175
Research

Phillip Securities Downgrades Geely Automobile to Accumulate from Buy; Price Target is HK$26.60

Geely Automobile (HKG:0175) has an average rating of buy and mean price target of HK$27.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

HKG:0175
Asia

Market Chatter: Geely Automobile Says New Hybrid System to Beat Japanese Car Efficiency

Chinese auto manufacturer Geely Automobile (HKG:0175) on Monday unveiled an artificial intelligence-based hybrid gas-electric vehicle platform that it said could surpass the fuel efficiency offered by Japanese cars, according to media reports.The so-called i-HEV system, which uses AI to analyze real-time environmental conditions to boost energy efficiency, consumed 2.22 liters ⁠per 100 kilometers in a highway test, Reuters reported."It will comprehensively surpass the hybrid technology from the Japanese," Geely Group spokesman Victor Yang was quoted as saying by Bloomberg.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0175
International

Chinese NEV Exports Surge 140% in March, Car Association Says

Chinese exports of new energy vehicles surged 140% year over year to 349,000 units, the China Passenger Car Association said Thursday.BYD (HKG:1211, SHE:002594) led the pack with 116,882 units, while Geely (HKG:0175) exported 52,186 units and Chery Automobile (HKG:9973) exported 40,837 units to complete the top three exporters for the month.The surge could be attributable to energy shocks due to the war in Iran, Bloomberg reported separately.

Shanghai Composite^SZSEHKG:0175HKG:1211SHE:002594