HK Stock Market Move | GEELY AUTO (00175) rises more than 3%, privatization of GEEK+ expected to enhance competitiveness, the company's new energy brand momentum is increasing.

GEELY AUTO (00175) rose more than 3%, with a 3.5% increase to 18.9 Hong Kong dollars, with a turnover of 1.035 billion Hong Kong dollars as of the closing. In terms of news, GEELY AUTO recently announced that on July 15, 2025, the company, its merger subsidiaries, and Ji Ke entered into a merger agreement, whereby the company will privatize through the acquisition of all issued and outstanding Ji Ke shares and Ji Ke American depositary shares (excluding Ji Ke shares under exclusion). Li Shufu, Chairman of Geely Holding Group, stated that since the release of the "Taizhou Declaration" last year, the "One Geely Action" has made smooth progress, and this merger has laid a solid foundation for a better future for GEELY AUTO. Morgan Stanley believes that privatization will drive deeper integration and synergies among GEELY AUTO's various brands, reduce excess investment, and further enhance Geely's competitiveness. Minsheng Securities pointed out that Geely Galaxy A7 started presales on July 11, with a presale price of 103,800-133,800 yuan, equipped with Thunder God AI hybrid 2.0, the new Flyme Auto intelligent cockpit, capable of achieving 2-liter level fuel consumption and a comprehensive range of over 2100 km, and is expected to be launched next month; Galaxy M9 is positioned as a large six-seat plug-in hybrid SUV, expected to be launched in 2025 Q3. Due to better-than-expected performance in the first half of the year, the group has raised its original target of 2.71 million vehicles by approximately 11% to 3 million vehicles, demonstrating confidence in sales in the second half of the year, and firmly optimistic about the company's technology cost reduction and scaling up the main brand's entry into a profit-positive cycle.