[Brokerage Focus] Minsheng Securities maintains a 'recommended' rating for Geely Auto (00175), bullish on the company's new energy brand momentum.

Jinwu Financial News | Minsheng Securities research indicated that Geely Autos (00175) announced its November sales figures, with total wholesale sales of 0.25 million units in November, a year-on-year increase of +25.0% and a month-on-month increase of +10.3%; cumulative sales from January to November reached 1.967 million units, +28.4% year-on-year. Among these, new energy sales in November amounted to 122,453 units, an increase of +88.3% year-on-year and +12.6% month-on-month, with a penetration rate of 49.0%; from January to November, new energy sales totaled 0.777 million units, +82.0% year-on-year. The report indicated that driven by the new models from the Galaxy and zeekr brands, the company's overall wholesale sales performed strongly.

金吾财讯Dec 2 01:14 ET

Geely's Total Sales Rise 27% in November; Shares Rise 3%

MT NewswiresDec 2 00:47 ET

Profitablity of China's Auto Sector May Improve Next Year -- Market Talk

WSJDec 2 00:08 ET

Geely autos issued 0.453 million shares due to the exercise of subscription rights.

Geely Autos (00175) announced that on December 2, 2024, it will issue 0.453 million ordinary shares due to the exercise of stock options by group employees under the stock option plan adopted on April 28, 2023.

Sina Hong Kong stocksDec 1 23:42 ET

Geely autos (00175.HK) due to the exercise of stock options plan, a total of 0.5785 million shares were issued.

Gelonghui, December 2nd丨Geely Autos (00175.HK) announced that on December 2, 2024, it issued 0.453 million shares due to group employees exercising stock options under the stock option plan adopted on April 28, 2023. Additionally, on December 2, 2024, it issued 0.1255 million shares due to related entity participants exercising stock options under the stock option plan adopted on April 28, 2023.

Gelonghui FinanceDec 1 23:16 ET

Nomura: Chinese electric vehicle companies are expected to reach their peak by the end of the year. BYD (01211) may easily achieve annual sales of over 4.2 million vehicles.

BYD Co., Ltd. (01211) achieved another record-breaking monthly sales of 0.5 million vehicles in November, a year-on-year increase of 67.2%.

Zhitong FinanceDec 1 22:25 ET