On September 7, GEELY AUTO fell 3.3% in regular trading, trading at 16.72 HKD/share, with turnover of HKD 329 million. The decline came amid broad-based selling across the automobile manufacturing sector.

Multiple foreign investment banks have recently turned cautious on the Chinese auto sector. Nomura noted that GEELY AUTO's Galaxy series, its primary sales driver, delivered 119,115 units in August with year-on-year growth of just 7.6%, significantly lagging the industry average. Meanwhile, Deutsche Bank's latest weekly tracking data showed GEELY AUTO's domestic new orders at approximately 19,300 units, down 8% week-on-week and 38% year-on-year. Nomura, HSBC, and Deutsche Bank collectively flagged that the anticipated Golden September peak season carries high uncertainty, as persistent industry-wide price wars continue to erode terminal pricing and profit margins.

Within the Automobile Manufacturers sector, stocks were broadly weak. Among peers, BYD COMPANY fell 2.5%, XPENG-W declined 3.59%, LEAPMOTOR dropped 4.5%, NIO-SW slid 1.56%, while LI AUTO-W rose 4.06%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)