- Hong Kong-listed carmaker climbs to sector’s No. 2 by market value
- Hybrid rollout and premium EV launches fuel sales momentum
Geely Auto Group shares have rallied more than 60% over the past 22 trading days on the Hong Kong Stock Exchange, lifting the company’s market value to more than HK$260 billion ($33 billion).
This makes it the second-largest automaker listed in Hong Kong, as investors bet on an aggressive product cycle and advancing electrification technology.
Despite the rally, however, Geely still trails BYD, whose Hong Kong-listed stock’s market capitalization stands near HK$850 billion.
Geely’s surge comes as the Chinese carmaker accelerates both technological development and vehicle launches in the second quarter, strengthening sales momentum and boosting confidence across capital and consumer markets.
The Hangzhou-based carmaker plans to introduce its self-developed i-HEV hybrid system on April 13, expanding its presence in the hybrid segment under its own brands.
Meanwhile, sub-brand Lynk & Co unveiled flash-charging technology built around its “Golden Brick” battery pack, reinforcing market recognition of the company’s core electric powertrain capabilities.
More than 10 new models are scheduled for release during the second quarter, including entirely new vehicle categories and upgraded versions of existing bestsellers.
Premium offerings such as the Zeekr 8X and the Lynk & Co 900 five-seat edition aim to capture customer demand in the high-end market and support higher-quality growth through the year.
Geely’s performance has also been buoyed by shifting global energy dynamics, including disruptions linked to tensions around the Strait of Hormuz, which have supported demand for Chinese electric vehicles both at home and abroad.
The automaker climbed to the top of China’s auto sales rankings in the first quarter, delivering 709,358 vehicles worldwide, The Yangtzeer reported earlier.
As of today’s close, Geely shares rose 2.35% to HK$24.38, valuing the automaker at a market capitalization of HK$263.30 billion.
