[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49minutes ago

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

MT Newswires00:47 ET

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

WSJ00:08 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 Finance23:16 ET

Nomura: Chinese electric vehicle companies are expected to reach peak levels by the end of the year. BYD's annual sales may easily exceed 4.2 million vehicles.

Nomura released a research report stating that as the year end approaches, benefiting from the government's subsidies for trading in old cars for new ones, Chinese electric car manufacturers continued to perform strongly in November. As expected, Chinese electric car manufacturers reached peak levels by the end of the year. With the automotive industry entering its peak season, compared to October this year, sales of more electric car manufacturers and brands hit new highs in the past month. BYD Co., Ltd. (01211) achieved another milestone in November with monthly sales of 0.5 million vehicles, a 67.2% year-on-year increase. According to the latest channel survey by the bank, in December, BYD may offer 1-3 thousand RMB discounts on certain models.

Sina Hong Kong Stocks23:06 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 Finance22:25 ET