HK Stock Market Move | GEELY AUTO (00175) rises nearly 3%, reaches final agreement with Volvo Cars on commercial cooperation plan for the Lynk & Co brand in the European market.

GEELY AUTO (00175) rose nearly 3%, up 2.54% as of press time, at HK$16.53, with a turnover of HK$318 million. On the news front, according to Lynk & Co's official WeChat account, GEELY AUTO Group and Volvo Cars recently formally reached a final agreement on the commercial cooperation plan for the Lynk & Co brand in the European market. Under the agreement, starting from January 2027, Volvo Cars will become the exclusive dealer for Lynk & Co in Europe, fully responsible for the brand's local commercial and brand operations. This cooperation does not involve any change in equity structure, and GEELY AUTO Group will continue to lead the Lynk & Co brand's core businesses globally, including product design, R&D, compliance certification, and overall brand strategy.