UBGEELY@EP2607A

Geely CEO Announces Advanced ADAS Will Go Global

Riddara Considers Local Production in Thailand

Lynk & Co Car Accident Caused by Voice Command System Malfunction

Geely Auto repurchased 3.841 million shares for HKD63.118 million

Meizu Announces Complete Termination of Mobile Phone Business and Layoffs

Geely Automotive Repurchased 3.18 Million Shares

Geely Announces New Year's Address and New Technology Plans

Geely Auto CEO Outlines Intelligent Development Pace and Product Planning for 2026

Geely Auto Holdings Limited repurchased 659,000 shares on February 23, 2026

Geely Auto Repurchased 1.631 Million Ordinary Shares

Geely plans to launch seven new models in the UK market

Geely Auto repurchased 1.68 million shares for HKD 28.2814 million

Geely Auto Holdings Limited Repurchased 1,595,000 Shares

ZEEKR Recalls Vehicles Due to Battery Issues and Involves Legal Dispute with SVOLT

Geely Auto Holding Repurchased 1.201 Million Shares

Geely Automobile Holdings Limited repurchased 1,408,000 shares

JPMorgan Analyst Reiterates Buy Rating on Geely Auto Holdings

CGS International Maintains Buy Rating on Geely Automobile Holdings with a Target Price of HKD 26.00

Horsepower Dynamics Makes Its Debut at India's Largest B2B Auto Show ACMA

Geely Auto Holding Repurchased 67,431,000 Shares for Approximately HKD 2.3 Billion

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00175

159306

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159565

516110

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A driver in China experienced a crash after their car's voice command system mistakenly turned off the headlights instead of the interior lights. The incident, captured on dashcam, led to Lynk & Co issuing an emergency software update to fix the glitch. Other brands may also be affected by similar vulnerabilities. This incident highlights the potential risks associated with smart vehicle technology and the importance of robust safety measures in voice command systems.

- A driver in China experienced a crash after their Lynk & Co vehicle's voice assistant mistakenly turned off the headlights instead of the interior lights during a voice command.  
- Lynk & Co responded by issuing an emergency software update to prevent similar issues, though other brands like Zeekr and Deepal showed potential vulnerabilities as well.  
- This incident highlights the risks associated with smart vehicle technology and underscores the importance of safeguarding critical systems from ambiguous voice commands.

InsideEVs

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

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A Software Glitched Turned Off The Lights, Then The Car Crashed

According to Wall Street News on February 28, Geely Auto Group CEO Gan Jiayue announced in an internal meeting that the Qianli Haohan assisted driving system will be launched overseas this year and will become the first Chinese advanced assisted driving solution to achieve large-scale application in overseas markets

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Global X Autonomous & Electric V

Geely Ganjiayue: The vast journey of assisted driving will set sail this year

Riddara (Radar Auto), part of Geely Holding Group, is considering establishing a local production facility in Thailand to enhance competitiveness in the growing EV market. Despite a slowdown in the pickup truck segment, Riddara's General Manager, Cao Feng, believes in the long-term potential of electric pickups. The company aims to increase sales from 1,000 units last year to 3,000-5,000 this year, while expanding its showroom network from 17 to 38. Riddara's current models include the RD6 and Econ, both BEVs, with plans for further market expansion in Southeast Asia.

- Riddara is exploring the establishment of a local EV factory in Thailand to leverage the growing electric vehicle market, despite a slowdown in pickup truck sales.  
- In Thailand, EV sales surged by 80 percent in 2025, although Riddara sold only 1,000 electric pickup trucks last year and aims to increase that to 3,000-5,000 units this year with new models.  
- The company is also expanding its showroom and service center network from 17 to 38 outlets, and plans to produce vehicles for other Southeast Asian markets.

electrive

Thailand: Riddara (Radar Auto) considers a local production facility

A traffic accident in China involving a Lynk & Co Z20 revealed safety hazards in electric vehicles (EVs) due to misinterpreted voice commands. The driver attempted to dim interior lights but inadvertently turned off the headlights, leading to a collision. This incident has raised concerns about the minimalist design of EVs, which often lack physical controls. Other brands like Zeekr and Deepal also reported similar issues, prompting them to implement updates to prevent voice commands from disabling headlights while driving. Automakers are now reviewing safety functions to address these vulnerabilities.

- A traffic accident in China ignited concerns over safety hazards in electric vehicles (EVs) with minimalist designs and voice command features.  
- The accident occurred when a Lynk & Co Z20 owner mistakenly deactivated headlights while trying to turn off interior lights, leading to a collision with a median barrier.  
- Following the incident, various EV manufacturers quickly implemented updates to ensure external headlights remain operational while driving, highlighting a broader issue of potential risks associated with the lack of physical controls in modern vehicles.

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CaoCao Inc. shareholders approved key resolutions at an extraordinary general meeting on February 27, 2026. This includes a share purchase agreement for Suzhou Youxing Qianli Network Technology to acquire Zhejiang Geely Business Service for RMB65 million. Additionally, a new share incentive scheme was adopted, pending approval from the Hong Kong Stock Exchange. These moves aim to enhance corporate restructuring and align incentives with shareholder value. The stock currently has a Buy rating with a price target of HK$70.00.

- CaoCao Inc. held an extraordinary general meeting on 27 February 2026, where shareholders approved all resolutions, including a share purchase agreement for RMB65 million with Suzhou Youxing Qianli Network Technology.  
- They also supported a new share incentive scheme, pending Hong Kong Stock Exchange approval, aimed at aligning management incentives with long-term shareholder value.  
- The current analyst rating for CaoCao Inc. (HK:2643) is a Buy, with a price target of HK$70.00 and a market cap of HK$21.12 billion.

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Geely Automobile Holdings (SEHK:175) is currently facing mixed investor sentiment, with a recent share price of HK$16.31 reflecting a 12.4% decline over the past year. A Discounted Cash Flow (DCF) analysis suggests the stock is undervalued by 63.9%, estimating an intrinsic value of HK$45.24 per share. Additionally, Geely's P/E ratio of 9.41x is below the industry average of 19.30x, indicating further undervaluation. Analysts project significant future cash flows, raising questions about the company's position in the shifting Hong Kong auto sector.

- Geely Automobile Holdings' recent share price of HK$16.31 suggests a significant undervaluation, with a DCF analysis indicating a potential intrinsic value of HK$45.24, or 63.9% higher.  
- The company's P/E ratio of 9.41x, below the industry average of 19.30x, reinforces this assessment as undervalued based on earnings potential.  
- Various narratives about Geely's future growth and market performance offer differing views on its fair value, ranging from HK$20.53 to HK$33.42.

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EVERG VEHICLE

- An accident occurred on February 25, involving a Lynk & Co Z20, where a voice command misrecognition led to all vehicle lights suddenly turning off on the highway, causing a collision with a guardrail.  
- The incident highlights significant safety redundancy issues in smart cabin technologies, raising concerns about allowing voice systems to control critical functions while driving.  
- In response, the company provided a swift update to improve voice command recognition and emphasized the importance of prioritizing safety over smart features in vehicle design.

Lynk & Co Z20 voice command mistakenly turned off headlights, causing a highway collision; official emergency OTA patch issued

In January, China's EV sales saw a 20% decline, with 1.5 million units sold, reflecting a broader market drop of 14% YoY. Despite this, Geely and Xiaomi emerged as key players, with Xiaomi's YU7 topping sales at 37,869 units. Geely's Xingyuan also performed well, indicating a shift in market dynamics. The plugin vehicle share started strong at 39%, with expectations to reach 60% by year-end. Geely's success suggests potential challenges for BYD's market dominance.

- Following a December peak, January saw a 20% decline in EV sales in China amid a general market dip of 14%, totaling 1.5 million units.  
- The top-selling electric vehicle models included the Xiaomi YU7, which topped sales charts, alongside strong performances from Geely and AITO, indicating a shift in market dynamics.  
- As Geely and BYD vie for the top spot, startups are rapidly gaining ground, suggesting a competitive landscape ahead for the Chinese automotive market in 2026.

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Xiaomi Corporation

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Geely & Xiaomi Shine In China — January EV Sales Report

Lynk & Co Z20 caused an accident due to a voice command mistakenly turning off the headlights. The company has apologized and pushed an OTA update, disabling voice control for headlights while driving, allowing only manual operation

Donews

Lynk & Co Z20 voice miscommunication turns off headlights causing an accident, official apology issued and solution has been pushed out

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Chinese EV Manufacturers Raise Prices in Thailand Following End of Subsidies

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Chinese automakers, including Nio, Xpeng, and Geely, are focusing on overseas expansion and AI to stay competitive in 2023. They aim for significant growth, with Leapmotor targeting one million vehicles by 2026 and Xpeng aiming for 550,000 to 600,000 units. However, the China Association of Automobile Manufacturers projects only a 1% increase in vehicle sales. Companies are investing heavily in AI technologies, with Xpeng planning to mass-produce robots and flying cars. The market is expected to consolidate, favoring leading firms while smaller players struggle.

- Chinese automakers, including Nio and Xpeng, are focusing on overseas expansion and artificial intelligence to achieve ambitious growth targets in 2026.  
- Leapmotor aims for one million vehicles and Xpeng targets sales of 550,000 to 600,000 units, while industry forecasts predict only a modest 1 percent increase in vehicle sales.  
- Competition in the automotive sector is intensifying, with experts noting a concentration of industry leaders and a need for resource investment to maintain market positions.

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Audi and SAIC have reduced the price of the AUDI E5 Sportback in China by approximately 3,700 euros due to weak sales, with only 7,070 units delivered by January 2026. The model, aimed at regaining market share, has faced challenges including low conversion rates from pre-orders and confusion over its new sub-brand. To boost sales, Audi is offering discounts totaling 30,000 yuan and financing options. The E5 Sportback features an 800-volt system and competes with models like the Zeekr 007 GT and Nio ET5 Touring, which have outperformed it.

- By the end of January 2026, Audi had delivered only 7,070 units of the E5 Sportback, counter to initial excitement over 10,153 pre-orders.  
- Low conversion rates from non-binding reservations into sales, influenced by misconceptions regarding the brand's new sub-brand AUDI, have hampered market performance.  
- In response to sluggish sales, Audi is offering significant discounts, yet the E5 Sportback continues to struggle against competitors like Zeekr and Nio.

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Price drop for Audi E5 Sportback in China

After multiple strategic adjustments, Meizu Mobile is facing a significant crisis. Although the CMO announced that Meizu 23 would be released in mid-year, the project was halted in mid-February, and the mobile phone business is expected to exit the market by March 2026. The Meizu brand may continue to operate within the Geely system. As market competition intensifies and costs rise, the survival space for small and medium-sized mobile phone manufacturers is being compressed, and Meizu's future is filled with uncertainty

- Meizu has undergone strategic shifts and management changes in recent years, leading to the suspension of its smartphone business and a planned exit from the market by March 2026.  
- Despite a previously announced flagship release, the company's financial struggles and rising costs in the competitive smartphone sector have intensified pressure, with a shift towards integrating automotive technology under Geely's ownership.  
- As competition continues to escalate in the smartphone market, Meizu's withdrawal reflects a broader trend of consolidation among smaller brands, driven by the challenges of maintaining profitability in a saturated market.

The "last straw" that crushed Meizu phones

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UBGEELY@EP2607A(26033.HK)

A Software Glitched Turned Off The Lights, Then The Car Crashed

Geely Ganjiayue: The vast journey of assisted driving will set sail this year

Thailand: Riddara (Radar Auto) considers a local production facility

A voice command glitch is plunging Chinese EVs into darkness

Auto & transport roundup: Market talk