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38 stories mentioning HKG:0175Updated 4d ago

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Asia

Market Chatter: Geely to Ship First Lotus EVs to Canada in July, Says Chinese Ambassador

Geely Automobile Holdings' (HKG:0175) Lotus brand electric vehicles are scheduled to arrive in Canada in July, Reuters reported Friday, citing China's ambassador to Canada, Wang Di.Brokered by Canadian Prime Minister Mark Carney and Chinese President Xi Jinping, the deal allows up to 49,000 Chinese-made EVs into Canada annually at reduced tariff rates, the report said.Other Chinese automakers are already working with Canadian agencies to launch their own shipments soon, Wang reportedly told Reuters.Geely and Lotus did not immediately respond to' request for comment.(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

Market Chatter: Geely Unit Lotus Eyes US Production of New Hybrid SUV Amid Tariff Impact

Geely Automobile Holdings (HKG:0175) unit Lotus Technology is exploring the production of Eletre X, its new plug-in hybrid SUV, in the U.S. following detrimental effects of U.S. tariffs on sales, Nikkei Asia reported Friday.The new SUV will allow the automotive company to target buyers who don't want to switch solely to EV technology, Nikkei Asia said, citing Lotus' Chief financial officer Daxue Wang.Eletre X is currently available in China and will be launched in Europe in the fourth quarter, with no release date announced for the U.S. yet.British sportscar maker Lotus' international deliveries had slipped 46% to 6,520 vehicles in 2025 amid the tariffs.Geely Automobile and Lotus did not immediately respond to a request for comment from.(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

Polestar to Pivot to EU After US Ban

Polestar on Thursday said it would pivot to the European market after the U.S. government banned the sale of its vehicles from model year 2027 onward.The firm said most of its retail sale volumes originated from markets outside the U.S. during the first quarter of 2026. "We will continue to invest in markets where we have opportunities to continue to grow, like Southeast Asia, Eastern Europe, Latin America and Canada," Polestar CEO Michael Lohscheller said in a statement.The decision came after the U.S. Department of Commerce decided to not grant Polestar an authorization under the current Connected Vehicle Rule to sell vehicles in the U.S.The rule restricts the import and sale of cars with connected-vehicle technology linked to China.Geely Automobile Holdings (HKG:0175) is the majority shareholder of Polestar.

HKG:0175
Asia

Market Chatter: India Set to Approve $370 Million Investment From Horse Powertrain

India is expected to greenlight an investment of approximately $370 million from Horse Powertrain, Bloomberg News reported Thursday, citing insiders.The potential agreement would enable the Geely Automobile-backed (HKG:0175) hybrid-engine venture to invest in the Indian manufacturing operations of its other major shareholder, French automobile maker Renault. The investment includes the construction of domestic advanced hybrid powertrains and engines, the sources told the media outlet.Renault is expected to kick off a Horse-powered Duster sport utility vehicle in the country later in the year, the report said.Horse, Geely and India's commerce department did not immediately respond to' request for comment.(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.)

^BSEHang SengNifty 50Shanghai Composite^SZSEHKG:0175
Asia

Market Chatter: Chinese Auto Majors Exploring Plans to Produce in Canada via JVs

China's BYD (HKG:1211, SHE:002594) and Chery Automobile (HKG:9973) are considering plans to produce electric vehicles in Canada via joint ventures with local partners, Bloomberg reported Monday, citing a Canadian minister.Geely Automobile's (HKG:0175) parent Zhejiang Geely and Shanghai Launch Automotive Technical are also considering similar plans, Canadian Industry Minister Melanie Joly reportedly said.The plans would help the major Chinese auto manufacturers use Canada's low-tariff quota of about 6% for their electric vehicles.BYD, Geely, Chery Automobile, and Launch Automotive did not immediately respond to requests for comment from.(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:0175HKG:1211HKG:9973SHE:002594
Asia

Market Chatter: Geely Automobile to Begin Producing Zeekr Model in Malaysia

Geely Automobile (HKG:0175) plans to begin producing premium electric vehicles under its Zeekr sub-brand in Malaysia next year, Nikkei Asia reported Friday, citing a company executive.The Chinese carmaker could begin producing the fully electric Zeekr 7X midsize SUV at Malaysian partner Proton's factory as early as the first half of 2027, Zeekr vice president Mars Chen reportedly said.Zhejiang Geely, which owns Geely Automobile, is also a 49.9% owner of Proton, the report said.The company's decision to produce cars in Malaysia is part of a broader strategy to revive underutilized factories abroad and mitigate trade restrictions, according to the report.Geely and Proton did not immediately respond to requests for comment from.(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 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.

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

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