---
title: "GEELY AUTO  Rises Over 3% Against Market as CLSA Says Acquisition of Spanish Plant Strengthens Tariff Resilience"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293692738.md"
description: "Geely Auto shares rose over 3% after CLSA highlighted the strategic value of its EUR221 million acquisition of a 34% stake in Ford's Spanish plant. The deal establishes a joint venture for passenger vehicle production, aiming to bolster Geely's European manufacturing base and tariff resilience. CLSA maintains a 'High Conviction Outperform' rating with a HKD30 target price, noting the move aligns with EU industrial policies and is expected to enhance per-vehicle profitability by 2028."
datetime: "2026-07-24T02:40:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293692738.md)
  - [en](https://longbridge.com/en/news/293692738.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293692738.md)
generator: "portal-rs"
---

# GEELY AUTO  Rises Over 3% Against Market as CLSA Says Acquisition of Spanish Plant Strengthens Tariff Resilience

GEELY AUTO (00175.HK) +0.620 (+3.348%) Short selling $128.68M; Ratio 26.866% plans to spend EUR221 million to acquire a 34% stake in Ford's Spain plant. The stock rose against the broader market this morning and is now quoted at HKD19.15, up 3.4%, with turnover of approximately HKD395 million. CLSA reiterated its "High Conviction Outperform" rating on GEELY AUTO, with the TP maintained at HKD30.

In a report, CLSA said GEELY AUTO plans to acquire a 34% stake in Ford's Spain plant for EUR221 million. The two parties will establish a joint venture to produce passenger vehicles at the Spain factory. The plant currently has annual production capacity of around 500,000 vehicles.

The broker believes the joint venture will provide GEELY AUTO with a solid European production base, thereby strengthening its ability to withstand tariff impacts. Meanwhile, the agreement is also aligned with the EU's proposed Industrial Acceleration Act and is expected to qualify for tariff exemptions. The broker expects the Spain plant to begin production in 2028, with an electric vehicle-focused product lineup likely to significantly enhance GEELY AUTO's per-vehicle profit contribution in Europe. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-23 16:25.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**