Gasgoo Munich-On March 17, Geely Auto was a standout in Hong Kong trading, with its share price surging more than 6% at one point before settling at 18.84 HKD — a 4.55% gain. This closing price values the company at 203.1 billion HKD.
Image Source: Baidu Stock
Since March 4, Geely Auto shares have rallied more than 20%, adding roughly 30 billion HKD in market value. This momentum outpaces the broader auto sector in Hong Kong over the same period.
Positive Catalysts Unveiled
The stock's jump is directly linked to a flurry of positive news released that day.
On March 17, Geely Auto took the stage at NVIDIA's GTC 2026 conference to announce several partnership milestones. The automaker revealed that its "Super Eva + Zeekr G-Pilot G-ASD 4.0" system — co-developed with StepFun and Qianli Technology — is poised for mass production and imminent deployment in vehicles.
Separately, Geely said it will co-develop Level 4 autonomous driving technology with NVIDIA based on the DRIVE Hyperion platform. Their collaboration will span intelligent driving, smart cockpits, and cloud AI. According to the Geely Auto Group, this marks a critical breakthrough in the integration of cockpit and driving systems.
Image Source: ZEEKR
Strong market reception for a new model from Geely's premium brand, ZEEKR, also buoyed the stock. On the evening of March 16, ZEEKR unveiled the 8X and opened pre-orders starting at 376,800 yuan. Data shows the model secured over 10,000 small deposits within just 38 minutes. The 8X debuts a "super intelligent agent" that bridges the smart cockpit, intelligent driving, and the digital ecosystem — Geely's latest tangible product in the smart mobility space.
At the 8X launch, Lin Jie, Senior Vice President of Geely Auto Group and General Manager of ZEEKR Sales, outlined the brand's strategic direction.
Lin stated that ZEEKR will concentrate on a premium product matrix, building high-value models like the Series 9, 8, and 7, without extending downward. The goal is to benchmark and seize market share from traditional luxury brands. Addressing potential cost inflation in 2026, Lin said the company will absorb costs through internal optimization and economies of scale, adjusting prices only if necessary rather than passing the full burden to consumers.
Analysts Bullish on 2026 Prospects
Market interest in Geely Auto extends beyond short-term headlines to its 2025 performance and 2026 roadmap. The automaker is set to release its full-year 2025 results on March 18, with investors expecting updates on its intelligentization strategy and progress with NVIDIA.
Disclosed sales data show Geely Auto sold 3.025 million vehicles in 2025 — a 39% year-on-year jump. New-energy vehicle sales surged 90% to 1.688 million units, lifting their share of total sales to 55.8%.
Breaking it down by brand: the main Geely marque sold 2.451 million units, up 47%; ZEEKR sold 224,000 units, a 1% increase; and Lynk & Co delivered 350,000 units, up 23%.
For 2026, Geely Auto has set a sales target of 3.45 million vehicles, representing 14% growth. The NEV target is 2.22 million units, up 32%. Specifically, the Geely brand aims for 2.75 million units (+12%), ZEEKR targets 300,000 units (+34%), and Lynk & Co targets 400,000 units (+14%).
Image Source: Geely
Several securities firms have issued analysis reports on Geely Auto. China Merchants Securities noted that Geely's third-quarter 2025 net profit met expectations, with per-vehicle profit rebounding quarter-on-quarter and fourth-quarter figures poised for continued improvement. The report forecasts that in 2026, Geely will launch at least one or two new models each quarter, totaling nearly 10 new models for the year across the ZEEKR, Lynk & Co, Galaxy, and China Star series.
Regarding overseas markets, China Merchants Securities projects Geely will export 300,000 to 350,000 internal combustion engine vehicles and nearly 300,000 pure electric and hybrid models in 2026. New-energy vehicles are expected to account for 45% to 50% of total exports. The firm also anticipates overseas sales channels will expand to 1,100 to 1,200 outlets.
The report also mentioned that ZEEKR completed its privatization and delisted from the NYSE at the end of 2025, becoming a wholly-owned subsidiary of Geely Auto. In this consolidation, about 70.8% of holders opted for a share swap, for which the company issued 777 million consideration shares; the remaining 29.2% chose cash consideration, requiring a payout of 701 million USD.
Image Source: Geely Auto
The report believes that through this integration, synergies in technology, product, supply chain, manufacturing, and marketing resources will materialize for Geely Auto in 2026.
Other institutions have also issued "buy" or "overweight" ratings, with the highest target price set at 36.6 HKD. They argue Geely now exhibits characteristics of a tech enterprise, possessing a technological moat, data assets, and strategic positioning in the ecosystem.
Clearly, Geely Auto's recent stock rally is tied to short-term catalysts like the NVIDIA GTC announcements and strong pre-order figures, but it also reflects market expectations for its 2025 performance and its 2026 product roadmap, overseas expansion, and internal integration.
