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Geely Galaxy launches updated Starship 7 EM-i hybrid SUV starting at $13,470

Geely Galaxy has launched the 2026 Starship 7 EM-i hybrid SUV, priced from $13,470, featuring improved range and motor performance. The model is assembled in Indonesia and competes with BYD's Song Plus DM-i. It offers four variants with discounted prices, and boasts a combined range of 1,575 km. The SUV uses Geely's Leishen AI 2.0 hybrid system, enhancing efficiency and motor output. Production began in Indonesia in September, with plans to utilize additional capacity at Lotus's Wuhan plant.

CnEVPost·
US
GELYY
0.00%
HK
00175
+0.24%
CnEVPost·
US
GELYY
0.00%
HK
00175
+0.24%

China NEV retail at 554,000 in Nov 1-16, up 2% year-on-year

China's NEV retail sales reached 554,000 units from Nov 1-16, up 2% year-on-year, while total passenger vehicle sales were 886,000 units, down 14%. NEV penetration was 62.5% during this period. Year-to-date, NEV sales hit 10.7 million units, up 21%. Wholesale NEV sales totaled 618,000 units, up 1% year-on-year. BYD leads the NEV market share in October, while Tesla dropped out of the top 10.

CnEVPost·
SZ
002594
-1.37%
US
BYDDY
-2.36%
US
BYDDF
-2.16%
CnEVPost·
SZ
002594
-1.37%
US
BYDDY
-2.36%
US
BYDDF
-2.16%

Daiwa raises Great Wall Motor's target price to 22 yuan and adjusts next year's net profit forecast upward

Daiwa's research report pointed out that Great Wall Motor's revenue in the third quarter reached 61.2 billion yuan, with a net profit of 2.3 billion yuan. In the first three quarters, revenue was 153.6 billion yuan, and net profit was 8.6 billion yuan. Due to increased sales and R&D expenses, the overall gross margin was compressed. Daiwa has lowered its revenue forecast for 2025 by 11% and net profit forecast by 7%, but has raised its net profit forecast for 2026 by 5% due to growth from new models and overseas expansion. The target price has been raised from HKD 19 to HKD 22, maintaining a "Buy" rating

AASTOCKS·
SH
601633
-0.72%
HK
02333
+0.27%
AASTOCKS·
SH
601633
-0.72%
HK
02333
+0.27%

Bank of China Reaffirms Their Buy Rating on Geely Automobile Holdings (GELYF)

Bank of China and DBS have reaffirmed their Buy ratings on Geely Automobile Holdings, with price targets of HK$32.00 and HK$27.00, respectively. The current share price is HK$17.00. The analyst consensus is Strong Buy, despite a price target consensus indicating a potential downside.

Tip Ranks·
HK
00175
+0.24%
US
GELYY
0.00%
US
GELHY
+0.16%
Tip Ranks·
HK
00175
+0.24%
US
GELYY
0.00%
US
GELHY
+0.16%

Geely Automobile climbs most in 4 weeks on share buyback programme

Geely Automobile's shares rose 2.3% to HK$17.39, marking the largest intraday gain since October 21. This rise follows the announcement of a share buyback agreement with Morgan Stanley to repurchase up to HK$2.3 billion in shares, starting mid-December. The stock is the third-biggest gainer on the Hang Seng Automobile Index, which is up 0.3%. Year-to-date, Geely's stock is up 17%, while the Hang Seng Index is up 29.6%.

Reuters·
HK
00175
+0.24%
US
GELYY
0.00%
US
GELHY
+0.16%
Reuters·
HK
00175
+0.24%
US
GELYY
0.00%
US
GELHY
+0.16%
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