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Weekly Recap | GEELY AUTO +0.43%, results and reshuffle in focus
Weekly Review·1 day ago, 01:55 AM
- Geely Automobile's stock slightly rose by 0.43% to 18.75 HKD between August 17 and August 20, 2026, underperforming the Hang Seng Index. - The company released its 2026 interim results showing a record revenue of 173.6 billion CNY and a 46% increase in core profit, alongside a management reshuffle where An Conghui succeeded Li Shufu as board chairman. - Geely raised its annual export target to 920,000 vehicles and announced a vehicle recall of approximately 93,000 units due to LiDAR defects, while maintaining strong institutional backing with a consensus strong buy rating.
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Tesla recalls 3 million cars as part of China-wide push to stop hidden door handles
TechCrunch·2 days ago, 08:51 AM
- Tesla and 10 other automakers are recalling nearly 3 million vehicles in China to address safety risks associated with hidden electronic door latches and emergency releases. - The recall involves installing warning labels and pushing software updates to help occupants identify manual door release mechanisms during crashes or fires. - This regulatory push follows a two-year review by China, which announced a ban on hidden electronic door handles starting in 2027 amid growing global safety scrutiny.
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Geely recalls 93,000 vehicles over LiDAR defect that may disable driver assistance
CnEVPost·2 days ago, 08:27 AM
- Geely Auto is recalling 92,915 vehicles across its Galaxy and Lynk & Co brands due to a supplier defect in the LiDAR power chip that can impair driver assistance functions. - The automaker has filed recall plans with China's State Administration for Market Regulation, taking effect on August 24, and will replace the affected LiDAR units free of charge. - The recall comes during a challenging period for the Lynk & Co brand, which has experienced four consecutive months of double-digit year-on-year sales declines.
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Geely's Geespace Becomes Second Private Chinese Firm Approved for Satellite IoT Trials
Yicai·2 days ago, 06:09 AM
- Geespace, a satellite unit of Geely Holding Group, has been approved by China's industry ministry to conduct commercial trials of satellite IoT services. - The 2-year trial permits Geespace to use its 64 low-Earth orbit satellites deployed between 2022 and 2025 to provide global connectivity and intelligent data collection. - This regulatory milestone aims to stimulate the private economy, support commercial aerospace development, and expand applications in connected vehicles and other sectors.
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BREAKING: China's biggest auto recall hits Tesla, Xiaomi, Leapmotor and others over door escape risk
CnEVPost·2 days ago, 05:59 AM
- Chinese regulators announced the largest single vehicle recall in history, covering over 7 million cars from major automakers including Tesla and Xiaomi. - The recalls primarily address hard-to-identify interior emergency mechanical door releases that pose escape and rescue risks after severe crashes, alongside driver attention monitoring issues for Tesla. - Automakers plan to implement remedies such as adding warning labels, replacing covers, and deploying over-the-air software updates amid tightened safety regulations.
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Geely's Geespace gets approval for commercial satellite IoT trial in China
CnEVPost·Aug 20 at 07:59 AM
- Geespace, the commercial aerospace arm of Geely Holding Group, has received approval from China's Ministry of Industry and Information Technology to conduct a 2-year commercial trial of satellite Internet of Things services. - Operating on a pilot basis using its Phase 1 constellation of 64 low-Earth-orbit satellites, Geespace will provide wide-coverage connectivity for applications such as intelligent transportation, marine fisheries, and energy. - This regulatory approval integrates private satellite IoT operations into China's national framework and is expected to stimulate private-sector activity in commercial aerospace.
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Geely prepares revolutionary 500 Wh/kg solid-state EV battery that could beat diesel
Electrek·Aug 20 at 07:59 AM
- Geely is developing a next-generation solid-state electric vehicle battery that achieves an energy density of up to 500 Wh/kg. - The company is currently conducting real-world validation of the cells ahead of a pilot rollout scheduled for 2027. - This energy density doubles that of current lithium-ion battery packs in production electric vehicles, which typically range between 250 to 300 Wh/kg.
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Geely Auto awards 181,615,001 shares under employee incentive scheme at HK$ 0.02 each
PUBT·Aug 20 at 04:31 AM
- Geely Automobile awarded 181,615,001 shares under its employee incentive scheme at HK$ 0.02 each, consisting of 176,765,001 new shares and 4,850,000 treasury shares transferred to two executive directors. - The closing price on the grant date was HK$ 18.54, with the new shares representing about 1.64% of the shares outstanding as of August 20, 2026. - The company also granted 15,305,000 options at an exercise price of HK$ 18.54 with an eight-year term.
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Geely teases Monjaro EM-i, its first global hybrid D-SUV, with Egypt debut in late August
CnEVPost·Aug 20 at 01:17 AM
- Geely Auto announced the Monjaro EM-i as its first global hybrid D-SUV, with its international rollout scheduled to begin in Egypt in late August. - Built on the GEA Evo architecture, the vehicle features e-AWD four-wheel drive and broadens Geely's overseas powertrain lineup. - The global launch comes as Geely's overseas exports surged 157.6 % year-on-year to 474,228 vehicles in the first half of 2026, prompting the company to raise its full-year export target to 920,000 units.
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CGS International Remains a Buy on Geely Automobile Holdings (GELYF)
Tip Ranks·Aug 20 at 12:26 AM
- CGS International maintained a Buy rating on Geely Automobile Holdings with a price target of HK$ 28.40. - CMB International Securities also sustained a Buy rating on the stock with a price target of HK$ 27.00 on August 18. - The broader analyst consensus stands at a Strong Buy, projecting an average price target of HK$ 28.23.
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Billionaire founder of China's 2nd largest automaker Geely resigns
vnexpress·Aug 19 at 12:06 AM
- Li Shufu resigned as founder and head of Geely Auto, with Andy An Conghui filling the vacancy as the company pursues professional talent cultivation. - Geely Auto reported record first-half revenue of 173.6 billion yuan alongside a net profit of 9.1 billion yuan for 2026. - The leadership transition aims to foster sustainable growth and culture amid fierce domestic market competition and aggressive export targets.
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CMSI Cuts GEELY AUTO TP to HKD34.2, Says Current Valuation Attractive
AASTOCKS News·Aug 18 at 11:11 PM
- CMSI reported that Geely Auto achieved a 1H26 core profit of RMB9.68 billion, up 46% YoY, and raised its 2026 export target to 920,000 vehicles. - The broker adjusted its 2026 - 28 net profit forecasts down by 4% to 9% and cut Geely's target price to HKD34.2 while maintaining an Overweight rating. - CMSI noted that the current valuation remains attractive as pessimistic domestic competition expectations are already reflected in the share price.
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Geely (SEHK:175) Stock Faces Margin Questions Despite Cheap P/E
Simplywall·Aug 18 at 06:32 AM
- Geely Automobile Holdings reported Q2 2026 revenue of ¥89,824.313m and net income of ¥4,924.665m, alongside a trailing P/E ratio of 10.1x. - The company experienced strong growth in NEV volumes and record overseas sales, while its trailing net profit margin contracted from 5.5% to 4.5%. - Market caution persists due to competitive pressures, regulatory risks, and geopolitical challenges despite solid financial results.
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Li Shufu steps down as Geely Automobile chairman
TechNode·Aug 18 at 12:54 AM
- Li Shufu has stepped down as chairman and executive director of Geely Automobile Holdings, while remaining chairman of Geely Holding Group and the controlling shareholder. - An Conghui, who previously served as president of Geely Holding, has been appointed as his successor. - This leadership change separates Li’s group-level role from the day-to-day operations of Geely’s listed automobile platform.
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