CTGEELY@EC2611A

Geely Auto Acquires Radar Automotive and Thailand Business for Approx. 218 Million RMB to Include New Energy Pickup Brand

Geely Auto Repurchased 425,000 Shares

Citics Securities and DBS Maintain Buy Rating on Geely Automobile

Daiwa 下调 GeelyAutomobile 的目标价至 23.70 港元

Daiwa downgrades Geely Auto rating from buy to hold

Geely Auto Clarifies Pricing Policies and Internal Controls for Related Party Transactions

Geely Auto Repurchased 1.161 Million Ordinary Shares

Geely China Star Team Wins at FIA TCR World Tour

Geely Automobile Issues RMB 2 billion Medium-Term Notes Due 2028

Guotai Junan Reiterates Buy Rating on Geely Auto, With a Target Price of HKD 34.17

Geely Auto Repurchased Shares and Issued New Shares

Geely Shows Focus on Software-Defined Cars at Auto Show

Geely Auto Repurchased 171,000 Shares

Automakers Roll Out Intelligent Vehicle Solutions

Geely Aims to Acquire Ford's Valencia Plant Body Shop

East China Securities Maintains Buy Rating on Geely Auto Holdings

BYD and Geely See Stable April Sales, Boosted by Overseas Orders

BOA Securities Raises Target Price for Geely Auto

Geely Auto Repurchased 742,000 Shares

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

FINELAND LIVING

NUR HOLDINGS

GOLDEN LEAF INT

UBOT HOLDING

MAN YUE TECH

00175

GELHY

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Canada's shift from a 100% tariff to a quota-based import system for Chinese-made electric vehicles (EVs) is causing Chinese automakers like BYD, Chery, and Geely to slow their expansion plans. The new policy, which limits imports to 49,000 vehicles in the first year, has led to uncertainty and a more conservative approach to market entry. Dealership ambitions are shrinking, with a focus on major urban areas instead of widespread rollouts. Certification delays further complicate the situation, pushing expected delivery timelines to 2027.

- Canada has shifted from a 100% tariff on Chinese-made electric vehicles to a quota-based import system, aiming for a balanced market entry.  
- This new system has led to delays for brands like BYD, Chery, and Geely, causing them to reassess their launch strategies and focus on limited retail locations in urban areas.  
- As uncertainty around inventory and government policies persists, the timeline for these automakers is slipping from late 2026 to potentially 2027, despite ongoing interest from Canadian dealer groups.

Drive Tesla Canada

GEELY AUTO

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

CHERY AUTO

Geely Auto

Hua Xia CSI New Energy Vehicles ETF

Global X Autonomous & Electric V

BYD COMPANY

Tesla

Polestar Automotive UK

Volvo

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

GEELY AUTO-R

Polestar Automotive UK PLC - CW 27

Chinese Automakers Slow Canada Expansion Plans as Quota Limits Growth Potential

吉利汽车

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Surging oil prices are driving Chinese consumers towards battery electric vehicles (BEVs), which claimed nine of the top ten sales spots in April. Geely's Xingyuan led with 34,727 units sold, while Tesla's Model Y dropped to third place with a 42% sales decline. The shift reflects a significant decrease in petrol vehicle demand, with BEVs now accounting for 61.4% of new car sales. The China Passenger Car Association noted a rise in domestic brands' market share to 80%, as high oil prices continue to reshape the automotive landscape in China.

- Surging oil prices are driving Chinese consumers toward battery electric vehicles (BEVs), which dominated April sales, securing nine out of the top 10 sales spots.  
- Geely’s Xingyuan led with 34,727 units sold, and overall, electric vehicles represented 61.4% of new car sales, highlighting a significant shift in market dynamics.  
- The rise of domestic brands amid high fuel costs is reshaping China's auto landscape, with expectations for further electrification growth if oil prices remain elevated.

SCMP

Hwabao WP CSI Intelligent Electric Vehicle ETF

XL2CSOPTSLA

First Trust S-Network Future Vehicles & Tech ETF

XIAOMI-W

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

Lotus Technology, owned by Geely, has suspended its full electrification strategy due to market challenges. The company will focus on fuel and hybrid vehicles, launching the Emira 420 soon and a hybrid hypercar, Type 135, in 2028. Lotus aims for a 60-40 mix of PHEVs and BEVs in its portfolio. Sales fell 46% last year, prompting a shift towards higher profit margins and cost efficiency. The firm plans to integrate R&D and manufacturing in the UK and China, targeting profitability next year.

- Lotus Technology, owned by Geely Holding Group, will halt its full electrification strategy due to market challenges and will focus on fuel and hybrid vehicles.  
- The company plans to introduce the fuel-powered Emira 420 soon and aims to launch a hybrid hypercar, Type 135, by 2028 while transitioning to electric vehicles when conditions improve.  
- Lotus reported a significant sales decline of 46 percent last year, prompting a shift toward achieving higher profit margins rather than just sales growth, with plans to integrate R&D and manufacturing operations.

Yicai

Lotus Tech

General Motors

LOTUS TECHNOLOGY INC C/WTS 22/02/2029 (TO PUR COM)

Geely's Ultra-Luxury Carmaker Lotus Drops Full Electrification Plans, CEO Says

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In April, China's NEV exports surged to 406,000 units, a 111.8% increase year-on-year. BYD led with 130,042 units (32.0% share), followed by Chery (57,910 units, 14.3%) and Tesla (53,522 units, 13.2%). Other contributors included Geely (48,901 units, 12.0%) and Leapmotor (14,225 units, 3.5%). NEVs accounted for over 53% of total passenger vehicle exports, with battery electric vehicles making up 57.2% of NEV exports. BYD also ranked first in the overall passenger car market with a 13.2% share.

- In April 2026, China's NEV exports reached 406,000 units, marking a 111.8% increase year-over-year.  
- BYD led the exports with 130,042 units, contributing 32.0%, followed by Chery and Tesla with 57,910 and 53,522 units, respectively.  
- Battery electric vehicles comprised 57.2% of NEV exports, highlighting significant growth in this sector.

CnEVPost

Direxion Daily TSLA Bull 2X Shares

Simplify Volt TSLA Revolution ETF

GraniteShares 2x Long TSLA Daily ETF

LEAPMOTOR

XPeng

XPENG-W

SAIC Motor

DONGFENG GROUP

DFAC

CHANGAN AUTOMOBILE

GWMOTOR

Great Wall Motor

FAW Jiefang

BAIC MOTOR

SERES

GAC GROUP

GAC Group

GWMOTOR-R

Top automakers by China NEV exports in April: BYD 130,042 units, Chery 57,910

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China's NEV retail sales increased by 27% in early May compared to April, reaching 226,000 units, despite a 13% year-on-year decline. The wholesale penetration rate for NEVs surpassed 60%, indicating a shift in production focus. Overall passenger vehicle sales also showed improvement, with a 36% month-on-month increase. Year-to-date, cumulative retail sales of passenger NEVs are down 17%, while total passenger vehicle sales have decreased by 19% compared to last year. The market is gradually recovering from previous lows, driven by demand following the Beijing Auto Show and Labor Day holiday.

- China's retail sales of new energy vehicles (NEVs) reached 226,000 units from May 1 to May 10, marking a 27% increase from April despite a 13% year-on-year decline.  
- The wholesale penetration rate for NEVs hit 60.3%, indicating a production focus shift among automakers, while total passenger vehicle retail sales also increased by 36% month-on-month.  
- Year-to-date retail sales of passenger NEVs are down 17%, totaling 2.984 million units, signaling a gradual recovery in the market following recent events.

NIO-SW

HASCO

LI AUTO-W

China Universal CSI New Energy Vehicle Industry ETF

Huaan CSI New Energy Vehicles ETF

Guotai CSI 800 Automobile and Parts ETF

GX CN EV BATT-U

GX CN EV BATT

New Energy Vehicles ETF

China's early May NEV sales rebound from April lows despite yearly drop

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KNOWLEDGE ATLAS(02513) rose 36.9%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 889.7%. MONTAGE TECH(06809) rose 21.31%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 368.7%. GEELY AUTO(00175) fell 5.23%, with a trading turnover 2.5 Billion HKD, and a year-to-date rose 19.4%. GANFENGLITHIUM(01772) fell 3.96%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 54%.

- The Hang Seng Index rose by 0.15%, with a year-to-date increase of 3%.  
- The Hang Seng Tech Index increased by 0.46%, but has seen a year-to-date decline of 7.7%.  
- Notable stock performances include Zhicheng (02513) up 36.9%, with a total increase of 889.7% for the year, while Geely Auto (00175) fell by 5.23%, reflecting a year-to-date increase of 19.4%.

Top Gainers&Losers

KNOWLEDGE ATLAS

MONTAGE TECH

MINIMAX-W

HUAQIN

GIGADEVICE

GANFENGLITHIUM

CPIC

SMIC

TIANQI LITHIUM

Top 5 HK Stock Gainers/Losers (>100B) (5.13)

Orient Securities has reaffirmed its Buy rating for Geely Automobile Holdings (GELYF), setting a price target of HK$23.79, while the shares closed at HK$22.56. The analyst consensus for Geely is Strong Buy, with a target of HK$28.97, indicating a potential upside of 28.39%. Additionally, DBS also maintains a Buy rating with a target of HK$28.00.

- Orient Securities has reiterated a Buy rating on Geely Automobile Holdings, setting a price target of HK$23.79.  
- The shares closed at HK$22.56, reflecting potential growth based on analyst consensus.  
- Additionally, DBS also supports the stock with a Buy rating and a price target of HK$28.00, indicating a positive outlook for investors.

Tip Ranks

DFZQ

Orient Securities Sticks to Their Buy Rating for Geely Automobile Holdings (GELYF)

GEELY AUTOshares fell over 4% after Daiwa downgraded its investment rating from Buy to Hold and cut the target price from HKD24.5 to HKD23.7. The downgrade was attributed to weak sales growth momentum, with the company reporting a 15% YoY revenue increase but a 27% YoY net profit decline due to foreign exchange losses. Daiwa noted that GEELY's ambitious sales target for 2026 appears aggressive amid weak domestic demand, leading to lowered vehicle sales forecasts and a reduction in EPS projections for 2026-27.

- GEELY AUTO's stock opened 1.06% lower today, currently trading at HKD21.6, with short selling at $702.85 million and a ratio of 99.293%.  
- Daiwa downgraded GEELY AUTO's investment rating from Buy to Hold, citing weak sales growth momentum and lowering the target price from HKD24.5 to HKD23.7.  
- While the company's 1Q26 revenue rose 15% YoY, net profit fell 27% due to foreign exchange losses, leading to a revision of vehicle sales forecasts amid weak domestic demand.

AASTOCKS News

Daiwa Securities Group Inc.

ZEEKR Intelligent Tech

GEELY AUTO  Slumps Over 4% as Daiwa Downgrades to Hold, TP Cut to HKD23.7

VWAPY

Geely, Volkswagen Group, and BYD lead the latest Electromobility Report 2026 by CAM, assessing innovations in electric mobility. Geely tops the ranking with 209 index points, followed by VW (200 IP) and BYD (171 IP). The report highlights significant advancements, including Geely's high charging power models and VW's innovative battery system in the Porsche Cayenne Electric. BMW climbed to 5th place, while Tesla fell to 6th due to a lack of new models. The study indicates a near parity in innovation strength between German and Chinese manufacturers, with both making significant strides in the electric vehicle sector.

- The German Center of Automotive Management (CAM) released its latest ‘Electromobility Report,’ ranking Geely, VW, and BYD as the top three innovators in electric mobility.  
- A total of 874 innovations were evaluated, with 162 introduced in 2025 alone, showcasing significant advancements in battery-electric vehicles.  
- Notably, while Tesla fell to 6th place due to a lack of new models, German manufacturers are enhancing their innovation strength, now nearly on par with Chinese OEMs in the electric vehicle sector.

CTGEELY@EC2611A(29214.HK)