Hong Kong Stock Market Movement | Geely Auto (00175) rose over 4% in early trading, with first-quarter sales surpassing 709,000 units, and exports doubling year-on-year.

Zhitong Finance APP learned that Geely Automobile (00175) rose more than 4% in early trading. As of the time of publication, it was up 4.37%, quoted at HK$22.94, with a turnover of HK$484 million.

On the news front, on April 1, Geely Automobile released data showing that in the first quarter of 2026, Geely Automobile’s cumulative sales reached 709,358 vehicles, setting a historical record for the same period; among them, sales in March alone were 233,031 vehicles, up 13% month over month. During the period, cumulative new energy sales were 369,059 vehicles, with a penetration rate of 52%, and the March monthly penetration rate further increased to 55%. During the period, cumulative overseas exports totaled 203,024 vehicles, with a year-on-year increase of 126%; the export growth rate was significantly higher than the overall sales growth rate.

A report from HSBC said that looking ahead, it expects that the launch of new domestic models, growth in exports, and cost synergy effects brought by the reorganization of Zeekr and Lynk & Co will support an expansion in 2026 sales and profit margins. It raised its earnings forecasts for 2026 and 2027 by 15% and 14%, respectively. The target price was increased from HK$30 to HK$32, and it maintained a “Buy” rating.