On July 24, GEELY AUTO rose 3.19% in regular trading, trading at 19.2 HKD/share, with turnover of HKD 234 million.

On the news front, GEELY AUTO announced that its wholly-owned subsidiary plans to acquire a 34% stake in Ford's Spanish subsidiary for EUR 221 million. The two parties will establish a joint venture to conduct passenger vehicle contract manufacturing at the Valencia plant in Almussafes, Spain. Ford will retain 66% ownership, and the target company will be accounted for under the equity method without consolidation into Geely's financial statements. The joint venture is expected to commence operations in the first half of 2027, with the first co-developed vehicles rolling off the production line in 2028. Geely plans to produce two pure electric SUVs under its own brand at the facility, marking a critical step toward European localized production.

Additionally, Morgan Stanley reaffirmed its bullish stance on GEELY AUTO, citing benefits from premiumization and overseas product mix, projecting anchored profit growth in Q2 with an estimated RMB 4.8-5.0 billion in earnings. Geely's June overseas exports reached 102,874 units, up 157% year-over-year, with first-half exports surpassing full-year volume.

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