On October 9, GEELY AUTO rose 3.01% in regular trading, trading at 15.05 HKD/share, with Turnover of 467 million HKD.
The move follows the announcement of a comprehensive strategic partnership between Geely Holding and NIO in the charging and battery swap sector. Geely will subscribe to new shares in NIO Energy with 100% equity of Yiyi Interconnect plus 640 million yuan in cash, taking a 30% stake; NIO will hold a 10% stake in Geely's Haohan Energy.
Additionally, Geely Auto reported September sales of 292,168 units, up 7% year-over-year and a new high for the year. Zeekr sales grew 103.8% year-over-year to 37,000 units, while overseas exports exceeded 100,000 units for the fourth consecutive month. Guotou Securities maintained a Buy rating, citing exports and premium brands as growth drivers.
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