---
title: "CITIC Securities continues to be optimistic about the allocation value of leading car companies, recommending Geely, BYD, and XPeng"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/279406818.md"
description: "The research report from China Merchants Securities International points out that ZEEKR, a subsidiary of Geely Auto, has launched the new high-performance flagship SUV ZEEKR 8X and has started pre-sales, with strong market demand. It is expected that orders will further be released after the new vehicle is launched. China Merchants Securities is optimistic about the allocation value of leading car companies and recommends Geely, BYD, and XPeng, while also paying attention to short-term trading opportunities for Nio"
datetime: "2026-03-17T09:49:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279406818.md)
  - [en](https://longbridge.com/en/news/279406818.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279406818.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279406818.md) | [English](https://longbridge.com/en/news/279406818.md)


# CITIC Securities continues to be optimistic about the allocation value of leading car companies, recommending Geely, BYD, and XPeng

CITIC Securities International's research report pointed out that Geely Auto (00175.HK) subsidiary ZEEKR launched the all-new high-performance large five-seat flagship SUV ZEEKR 8X yesterday (16th) and started pre-sales, with a pre-sale price ranging from RMB 376,800 to RMB 516,800 (the same below). The company disclosed that within 38 minutes of starting pre-sales, small orders exceeded 10,000 units and continued to strive for 20,000 units, indicating strong market demand.

The firm considers that new car launches typically coincide with price or benefit adjustments, and it is expected that orders will further release after the official launch in April. It also believes that as the 9 series and 8 series product systems gradually improve, the company's high-end path is advancing towards a matrix approach.

CITIC Securities stated that the current pessimistic expectations in the automotive sector have been fully released, and valuations remain at historically relatively low levels. With the new car cycle and the catalysis of intelligence, it continues to be optimistic about the allocation value of leading car companies, recommending Geely (target price of HKD 32, rating "Buy"), BYD (01211.HK), XPeng-W (09868.HK), while also paying attention to Nio-SW (09866.HK) for short-term trading opportunities

### 相關股票

- [Guotai CSI 800 Automobile and Parts ETF (516110.CN)](https://longbridge.com/zh-HK/quote/516110.CN.md)
- [GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD (GELHY.US)](https://longbridge.com/zh-HK/quote/GELHY.US.md)
- [吉利汽车 (44069.HK)](https://longbridge.com/zh-HK/quote/44069.HK.md)
- [BYD (002594.CN)](https://longbridge.com/zh-HK/quote/002594.CN.md)
- [Global X Autonomous & Electric V (DRIV.US)](https://longbridge.com/zh-HK/quote/DRIV.US.md)
- [Hwabao WP CSI Intelligent Electric Vehicle ETF (516380.CN)](https://longbridge.com/zh-HK/quote/516380.CN.md)
- [Hua Xia CSI New Energy Vehicles ETF (515030.CN)](https://longbridge.com/zh-HK/quote/515030.CN.md)
- [BYD Company Limited (BYDDF.US)](https://longbridge.com/zh-HK/quote/BYDDF.US.md)
- [GEELY AUTO (00175.HK)](https://longbridge.com/zh-HK/quote/00175.HK.md)
- [ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF (159323.CN)](https://longbridge.com/zh-HK/quote/159323.CN.md)
- [ChinaAMC CSI Auto Components Thematic ETF (562700.CN)](https://longbridge.com/zh-HK/quote/562700.CN.md)
- [HFT CSI Auto Components Thematic ETF (562260.CN)](https://longbridge.com/zh-HK/quote/562260.CN.md)
- [E Fund CSI Auto Components Thematic ETF (159565.CN)](https://longbridge.com/zh-HK/quote/159565.CN.md)
- [Ping An CSI Auto Components Thematic ETF (159306.CN)](https://longbridge.com/zh-HK/quote/159306.CN.md)
- [BYD COMPANY (01211.HK)](https://longbridge.com/zh-HK/quote/01211.HK.md)
- [XPENG-W (09868.HK)](https://longbridge.com/zh-HK/quote/09868.HK.md)
- [Geely Auto (GELYY.US)](https://longbridge.com/zh-HK/quote/GELYY.US.md)
- [BYD Company (BYDDY.US)](https://longbridge.com/zh-HK/quote/BYDDY.US.md)
- [XPeng (XPEV.US)](https://longbridge.com/zh-HK/quote/XPEV.US.md)

## 相關資訊與研究

- [Upgraded Zeekr 007 lineup to start pre-sales Apr 2, launch Apr 10](https://longbridge.com/zh-HK/news/281147515.md)
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- [Lynk & Co names first wagon 07 GT ahead of 2026 launch](https://longbridge.com/zh-HK/news/281160156.md)
- [Fuel crisis powers surge in EV interest in Asia-Pacific region](https://longbridge.com/zh-HK/news/281322094.md)