HK Stock Market Move | GEELY AUTO (00175) rose more than 5% recently as it completed its privatization with Ji Ke.

GEELY AUTO (00175) rose by more than 5%, reaching a 5.5% increase to HK$17.85 by the time of publication, with a trading volume of HK$7.31 billion. On the news front, GEELY AUTO announced that all the preconditions for the transactions (including privatization and merger matters) under the merger agreement have been met, and the related transactions were completed on December 22, 2025. Following the completion of the transactions under the merger agreement: in accordance with the privatization arrangements, the company has acquired all issued and outstanding Geely shares and Geely American depositary shares. In accordance with the merger matters, the merged subsidiary has merged with Geely, with Geely continuing to operate as a going concern. Therefore, Geely has been privatized as a wholly-owned subsidiary of the company, and has delisted from the NYSE. It is reported that since its establishment, Geely has focused on the high-end pure electric market, with products covering various segments such as sedans, MPVs, and SUVs. Data shows that Geely has delivered over 600,000 vehicles, with an average unit price close to 300,000 yuan. In terms of technology, the vast architecture and related electric-hybrid, intelligent chassis, and advanced driving assistance technologies developed by Geely may gradually be applied to more models under the Geely brand. CICC pointed out that after the merger with Geely, the "One Geely" image is further strengthened, and a clearer management structure can further win the trust of the capital market.