00175 Overview

Stock Performance: GEELY AUTO (00175.HK) experienced a decline of 2.724% with a short selling amount of $71.57 million and a ratio of 6.487%.

Zeekr EV Deliveries: The EV brand Zeekr reported a 70% year-over-year increase in deliveries, totaling 23,867 new cars in February, with month-over-month growth also noted.

Pricing and Production: The average transaction price for the Zeekr 9X surpassed RMB530,000, and production output is improving, with a delivery cycle for the Hyper version expected to be within 14 weeks.

Future Launch: The new high-performance flagship SUV, Zeekr 8X, is scheduled for an official launch in the second quarter of 2026.

US Supreme Court Decision: The US Supreme Court dismissed Donald Trump's reciprocal tariffs, resulting in a surge in e-commerce stocks on the Hong Kong market.

Hong Kong Market Performance: The Hong Kong bourse opened significantly higher, with the HSI rising 1.5% and various tech stocks, including Alibaba and JD.com, also showing gains.

Sector Highlights: E-commerce and technology stocks experienced notable increases, while AI model stocks like Knowledge Atlas faced declines due to recent issues.

Commodity and Resource Stocks: Commodity prices rose, leading to higher openings for related stocks, including those in the mining sector, which saw significant gains.

Market Expansion: Zeekr, a subsidiary of GEELY AUTO, is entering the Italian market to expand its European presence.

Partnership and Product Launch: The company will collaborate with Jameel Motors to deliver four electric vehicle models priced between EUR38,000 and EUR73,000, with retail stores set to open in spring.

Acquisition Interest: BYD COMPANY and GEELY AUTO are among the final candidates to acquire a Nissan-Mercedes joint venture plant in Mexico, which is facing shutdowns and layoffs due to US tariff policies.

Chinese Carmakers' Strategy: The plant has attracted interest from Chinese carmakers looking to establish a production base in Mexico, with other companies like CHERY AUTO and GWMOTOR also expressing interest.

Short Selling Data: BYD COMPANY has a short selling amount of $290.69M with a ratio of 19.810%, while GEELY AUTO has $40.87M in short selling with a ratio of 9.108%.

Market Analysis: Jefferies has raised the target price for BYD COMPANY to $105, indicating positive market catalysts for the company.

XIAOMI YU7 Sales Performance: In January, XIAOMI YU7 achieved sales of 37,869 units, leading the market, as reported by Lei Jun, Chairman and CEO of XIAOMI-W.

Competitors' Sales Figures: Following XIAOMI, GEELY AUTO's Boyue L, Xingyuan, and AITO M7 sold 34,176, 29,007, and 26,454 units respectively.

Short Selling Data: XIAOMI-W experienced significant short selling at $728.14M with a ratio of 25.403%, while GEELY AUTO had $22.85M in short selling with a ratio of 9.094%.

Spring Festival Operations: Lei Jun announced that stores will remain open during the Spring Festival, with limited YU7 vehicles available for immediate delivery on the same day for orders placed.

Market Performance: The HSI rose by 83 points (0.3%) to 27,266, with the HSCEI and HSTECH also showing gains, closing at 9,268 and 5,499 respectively, and total market turnover reaching HKD217.218 billion.

Stock Highlights: SENSETIME-W and PONY-W saw increases of 2.9% and 2.6%, while HESAI-W surged by 7.9%. Conversely, YOFC dropped by 5.7% after being added to the MSCI China Index.

Tech Sector Movements: SMIC fell by 2.2% despite a significant YoY profit increase, while other tech stocks like TENCENT and BABA-W experienced slight declines, whereas KINGSOFT CLOUD and KINGDEE INT'L saw notable gains.

Auto and Gold Stocks: Auto stocks led the market with XIAOMI-W and BYD COMPANY rising significantly, aided by new EU tariff exemptions for Chinese electric vehicles. Gold stocks also performed well, with several companies experiencing gains of 2.8% to over 9%.