On June 2, Geely Automobile fell 3.07% in regular trading, trading at HK$18.12/share, with trading volume of HK$530 million. The decline was triggered by disappointing May sales data released on June 1.
According to the company announcement, Geely reported total May vehicle sales of 237,600 units, representing only 1% year-over-year growth. Pure electric vehicle sales fell 19% YoY to 76,600 units. By brand, Geely-branded vehicles declined 3% to 182,500 units, with the Galaxy series down 20% and Lynk & Co down 25%. Only Zeekr delivered strong growth of 82% YoY to 34,300 units. In contrast, competitors performed significantly better during the same period — BYD exceeded 380,000 units in May sales, NIO grew 62.3% YoY, and Leapmotor also posted strong results, highlighting the competitive pressure on Geely's core brands excluding Zeekr.
Within the Automobile Manufacturers sector, performance was mixed. Among peers, BYD Company up 3.53%, XPeng up 3.76%, NIO up 3.18%, while Li Auto fell 3.16% and Great Wall Motor fell 4.41%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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