Geely Automobile Holdings Ltd

Lotus Technology, the Geely-backed electric vehicle group, has finalized its acquisition of Lotus Advance Technologies, also known as Lotus UK, consolidating its UK sportscar production and engineering consultancy into a single entity. The deal was triggered by put options exercised by shareholders Geely International (Hong Kong) and Etika Automotive, who held 51% and 49% stakes respectively. Geely exercised its option in April 2025, and Etika followed in July 2025. Lotus UK, based in Hethel, Norfolk, includes the Hethel plant and Lotus Engineering, which provides consultancy services. CEO Qingfeng Feng said the move unifies the brand and supports the Focus 2030 strategy, with UK operations continuing as the company expands globally. This follows Geely's July export of Lotus-branded EVs to Canada under a new trade arrangement with China.

Jinbei Automobile disclosed its 2026 semi-annual report on the evening of August 26. In the first half of the year, it achieved operating revenue of 2.349 billion yuan, up 10.16% year-on-year; net profit attributable to shareholders of the listed company was 92.9128 million yuan, down 9.7% year-on-year; basic earnings per share were 0.07 yuan. The company plans to distribute a cash dividend of 0.1 yuan per 10 shares, tax included, to all shareholders. During the reporting period, the company's core holding enterprise obtained multiple nominations for seats, door panels, instrument panels and other components for models such as the BMW X7 and the mid-cycle refresh of the BMW 5 Series, with expected new orders generating full-lifecycle revenue of 3.085 billion yuan. At the same time, it entered Geely's supply chain, securing business for instrument panels, seats, air-conditioning assembly and other items, with expected new orders generating full-lifecycle revenue of 950 million yuan. In addition, Zhongtuo Technology obtained its first nomination for a CATL battery module component project, achieving a key breakthrough in the new energy business.

The 29th Chengdu International Automobile Exhibition was held from August 21 to 30 at the Western China International Expo City, reflecting the domestic auto industry's departure from years of price-driven involution and its full entry into a new cycle dominated by value competition, with technology popularization and scenario-based segmentation advancing in parallel. Leading independent brands such as BYD, Chery, and Great Wall Motor exhibited with full-brand, full-category product matrices occupying entire halls, while mainstream joint-venture brands including Lexus, Infiniti, Dongfeng Nissan, Yueda Kia, and Dongfeng Honda were collectively absent, and ultra-luxury brands like Rolls-Royce and Bentley also did not appear. Data from the China Passenger Car Association shows that in July 2026, the domestic retail penetration rate of new energy passenger vehicles climbed to 65.1 percent, breaking through the 60 percent threshold on a stable basis for the first time. At this year's show, core technologies previously reserved for million-yuan-level high-end models, such as 800-volt high-voltage fast charging, lidar-based intelligent driving, full-domain chassis control, and silicon carbide oil-cooled electric drive systems, were comprehensively extended to mainstream family models in the 200,000-yuan and 150,000-yuan classes. The new Lynk & Co 20 comes standard with an 800-volt high-voltage platform, 6C ultra-fast charging, a lidar intelligent driving system, and a new-generation 16-in-1 silicon carbide oil-cooled electric drive. Geely Auto launched the Xingrui L Plus and the Boyue L i-HEV lidar version, and SAIC Roewe's Jiayue 07 made its first public appearance. IM Motors officially released its new product strategy, NEXT 2028, built on three core proprietary technology pillars: the NEO three-electric architecture, an aviation-grade safety full-by-wire chassis, and the IM Claw intelligent agent. BYD's second-generation blade battery and full-domain God's Eye intelligent driving system achieved deployment in high-difficulty scenarios such as narrow-space parking and customized parking. Joint-venture brands showed insufficient new product momentum and a slowing transformation pace. The Freelander brand, jointly created by Chery and Jaguar Land Rover, made its debut, and a small number of joint-venture new products such as the Buick GL8 Lushang and SAIC Volkswagen's all-new ID.ERA appeared, but their overall presence and product strength struggled to compete with the intensive technology and product iterations of independent brands.

Geely Automobile Holdings delivered record half-year revenue and higher core profit, yet its stock still trades at a discount to fair value on Simply Wall St's valuation checks. The company's P/E of about 10.4x sits below the auto industry average of roughly 13.1x and well under the peer group average of about 34.4x, while a tailored Fair Ratio model suggests a fair P/E of about 11.8x. Despite a 111.2% share price gain over the past three years and a recent leadership reshuffle, the stock screens as undervalued in all six valuation tests. The key debate is whether Geely can sustain earnings to prompt a re-rating or whether execution concerns keep the discount in place.

Geely Automobile Holdings has entered a significant leadership transition, with a new CEO, chairman and vice chairman taking office alongside the resignation of its long-serving chairman. The change coincides with the latest half-year earnings release. The most followed narrative for Geely Automobile Holdings places fair value at HK$29.27 compared with the last close of HK$18.75, implying a sizeable valuation gap. Geely's strategy of launching 10 new NEV models in 2025 and continuing global expansion is likely to impact revenue positively, while integration of smart driving technologies is expected to enhance product offering and potentially lead to higher average selling prices and improved net margins. However, the company still faces pressure from intense NEV competition and execution risk around integrating Zeekr and Lynk & Co.

Alphabet's Waymo has built a custom application-specific integrated circuit for its robotaxis that is already in production in its latest generation, reducing its reliance on Nvidia and Advanced Micro Devices. The chip speeds up sensor data processing and the AI models its vehicles use to read and respond to their surroundings, and runs above 1,000 TOPS, putting it level with Nvidia's latest autonomous driving systems on that measure. It is made on Taiwan Semiconductor's 5-nanometer process. Waymo's fleet has largely been Jaguar vehicles retrofitted with autonomous technology, but the robotaxi it launched with Geely's Zeekr is now being fitted with the new chip. Waymo said the shift toward purpose-built vehicles may cut costs while giving riders more space.

Tesla's Model Y has lost its position as China's best-selling car model to Geely's Xingyuan electric hatchback. Geely's Xingyuan led the market with nearly 197,500 vehicles sold during the six months through July, while Tesla's Model Y ranked second with more than 180,000 sales. The Xingyuan starts below 100,000 yuan, or about $14,820, compared with the Model Y's price range of 263,500 yuan to 313,500 yuan. Despite the price gap, Tesla still outsold competing vehicles from Li Auto, Xiaomi and BYD. New-energy vehicles accounted for 65.1% of new passenger-car sales in July, up from 54% a year earlier.

Geely Automobile Holdings Limited reported total sales of 250,161 vehicles in July, a 5% year-on-year increase and its fifth consecutive month of both year-on-year and month-on-month growth. The Geely brand contributed 197,942 units, Lynk & Co delivered 16,382 units, and Zeekr added 35,837 units. Combined new energy vehicle sales across the three brands reached 160,165 units, a 23% increase from the same period last year. Sales outside Mainland China hit a new monthly high of 106,663 vehicles, with exports surging 202% year on year and new energy vehicle exports soaring 616% to 62,604 units, accounting for 59% of total exports in July.

Geely Auto has announced it has obtained China's first certification certificate for a combined driver assistance safety management system for automotive production organizations. This certification is a mandatory compliance requirement directly tied to market access. The certificate, numbered 001, was obtained at a critical juncture as the mandatory national standard for safety requirements of combined driver assistance systems for intelligent connected vehicles is about to be implemented. With just over half a year remaining before the full enforcement of the mandatory standard in January 2027, all vehicle models on sale across the industry must complete this system certification before they can be sold. As one of the core drafting units of this mandatory national standard, Geely Auto incorporated its vast amount of real-world testing data from complex domestic road conditions into the regulatory clauses, and completed internal process alignment during the standard framework development phase, thereby securing the first certification as soon as the standard took effect. Currently, the penetration rate of Level 2 driver assistance systems in new vehicles in China has exceeded 70 percent, and the installation rate of advanced navigation-assisted driving has surpassed 30 percent. This system certification is effectively a compliance permit for automakers' intelligent vehicle models, forcing the entire industry chain to address shortcomings in the full lifecycle management of intelligent driving safety.

CaoCao Inc. has officially launched Robotaxi testing without a safety driver behind the wheel in Hangzhou’s Binjiang District. The testing uses a station-triggered dispatch mechanism under real-world urban traffic conditions to validate driverless operations and service reliability on a limited and controlled scale. All vehicles are connected to the CaoCao Zhixing RAS Remote Safety Service Platform, which provides continuous safety monitoring, emergency call response, real-time remote assistance, and incident handling. CaoCao became the first company in Hangzhou approved for road testing of intelligent connected vehicles without onboard safety drivers in April this year and has deployed a fleet of around 100 Robotaxis in the city. The company is advancing autonomous driving services as the primary commercialization platform for Geely Holding Group’s RoboX strategy, using an end-to-end large model architecture and transitioning toward driverless operations ahead of the mass production of its purpose-built Eva Cab Robotaxi in 2027.

Ford Motor and Tesla reported their latest quarterly revenues, with Ford posting $43.3 billion for the first quarter of 2026 and Tesla reporting $28.2 billion for the second quarter of 2026. Ford's revenue for the quarter ended March 31, 2026, was $43.3 billion, while Tesla's revenue for the quarter ended June 30, 2026, reached $28.2 billion, representing a 26% year-over-year increase. Ford's first-quarter sales grew 6% year-over-year, but its electric vehicle segment generated only $1.2 billion in sales and remains unprofitable. Tesla commenced Cybercab production at Gigafactory Texas, though its free cash flow fell nearly 850% year-over-year due to artificial intelligence development costs. Ford announced plans for a manufacturing joint venture with Geely Auto in Spain and launched a Ford Energy division in May to provide battery storage solutions.

Geely Auto Group has officially launched the Lynk & Co 07GT, a new performance-oriented wagon available in four variants. The model features an EM-P intelligent hybrid system, with the all-wheel-drive version delivering up to 390 kW and 765 Nm of torque, and a 28.3 kWh Geely Short Blade Battery supporting a combined driving range of up to 1,422 kilometers. A rally-prepared version was also unveiled and will compete in an August rally event, expanding Lynk & Co's motorsport involvement beyond circuit racing. The 07GT includes an MRC magnetorheological suspension, a towing capacity of 1.6 tons, and up to 6 kW of external power discharge for outdoor activities.

Ford Motor and Geely announced a new joint venture to restart and repurpose Ford's Valencia plant for producing electric and multi-energy vehicles for the European market. The partnership turns the underutilized facility into a shared asset, allowing Ford to align with European demand for cleaner transport while sharing capital and model risk with Geely. The joint venture will produce a mix of Ford and Geely branded models, tying plant utilization to multiple product families. Investors are watching for details on capacity, capital spending, profit sharing, and which models will be prioritized, as well as how the cross-border structure navigates trade policy and tariff exposure.

China's Geely Auto and US automaker Ford Motor have announced a business alliance in Europe, under which Geely will produce two electric SUV models at a Ford plant in Spain, and the two companies will jointly develop new vehicles. A joint venture, 66% owned by Ford and 33% by Geely, will be established in Spain, with shipments of Geely's electric SUVs expected to begin at the Valencia plant in 2028. They also plan to jointly develop a crossover SUV equipped with different powertrains, including full EVs, plug-in hybrids, and extended-range EVs, with production starting in 2028. The Valencia plant has an annual production capacity of around 500,000 units, but its utilization rate stood at only 26% as of 2025, and Ford's European chief has set a goal of running the facility at full capacity. This will be Geely's first production base in Europe, highlighting a clear trend of Chinese manufacturers leveraging underutilized plants of established players to comply with European local sourcing rules.

New passenger car registrations in Europe rose 13.1% year-on-year in June to 1,407,332 units, according to the European Automobile Manufacturers' Association, with electric vehicles and Chinese brands driving growth. Battery electric vehicles surged 51%, plug-in hybrids rose 22.7%, and hybrids increased 17.1%, with these three categories accounting for over 80% of the total. In contrast, internal combustion engine vehicles struggled, with petrol car sales down 12.2% and diesel down 16.9%. Among Chinese brands, BYD, Chery Automobile, and Leapmotor saw increases of roughly three to six times, while SAIC Motor and Zhejiang Geely Holding Group rose over 50% and 11% respectively.

Geely Auto Group has launched the Geely 16-in-1 Intelligent E-Drive, a new-generation 800V electric drive system that will debut on the Geely TT. The compact system weighs 75 kg and achieves a CLTC comprehensive efficiency of 93.8%, supported by Geely's 800V high-voltage platform and intelligent power optimization technology. In an energy efficiency challenge around Qinghai Lake, the Geely TT equipped with this system recorded measured energy consumption of 8.20 kWh/100 km, setting a Guinness World Records title for the lowest energy consumption circumnavigation of Qinghai Lake by a battery electric-powered production saloon. The system also supports a dual-motor all-wheel-drive configuration with a combined output of 425 kW, enabling 0–100 km/h acceleration in 3.8 seconds, and features 54-channel directional cooling technology that can reduce maximum motor temperature by up to 15°C. In a separate performance challenge, the Geely TT achieved a continuous twin vehicle drift distance over 46 kilometers on a wet surface, earning a second Guinness World Records title for the longest continuous twin vehicle drift on a wet surface by electric vehicles.

Geely Auto Group's Zeekr 9X recorded a Net Promoter Score of 83.9, the highest among vehicles priced above RMB 500,000, according to the 2026 First-Half New Energy Vehicle Brand Health Study from China-based consultancy LandRoads. The study, which drew responses from over 10,000 new energy vehicle owners, underscores strong owner satisfaction and brand health for the Zeekr 9X in China's competitive high-value vehicle segment. LandRoads associated Zeekr's improving owner recommendation with greater transparency around product updates, a more stable pricing approach, and more direct communication with customers. Zeekr has also recorded five consecutive months of both year-on-year and month-on-month sales growth in China, with flagship models like the Zeekr 009, Zeekr 9X, and Zeekr 8X now accounting for close to half of the brand's sales. The brand has entered more than 50 countries and regions and is preparing for the first international deliveries of the Zeekr 9X in selected Middle Eastern markets during the second half of 2026.

Geely Auto Group has expanded its portfolio to nine Euro NCAP five-star rated models after the ZEEKR 7GT secured a top rating under the new 2026 testing protocols. The ZEEKR 7GT is one of the first vehicles to pass these more demanding standards, achieving 95 percent in Post-Crash Safety and 93 percent in Crash Protection. The group’s five-star lineup now includes the Geely E5, Geely Starray EM-i, Lynk & Co 08 EM-P, Lynk & Co 02, Lynk & Co 01, ZEEKR 7X, ZEEKR X, and ZEEKR 001. Geely’s safety ecosystem is supported by five global testing clusters with 16 bases, including the Geely Europe Testing Base in Frankfurt and the world’s largest Geely Comprehensive Safety Testing Center. The company also submitted over 70 technical reports for the ZEEKR 7GT assessment to demonstrate robust and repeatable safety performance.

Toyota Motor's global sales fell 7.2% year-on-year in May 2026 to 834,279 vehicles, marking a fourth consecutive month of decline. Sales in China dropped 31.7% and in the Middle East by 38.6%, while U.S. sales slipped just 0.6% and Japan rose 11.1%. The automaker cited challenging market conditions including rising gas prices, and global production also fell 5.5% due to fewer operating days at some plants. The slump comes as Chinese rivals like BYD and Geely gain ground, with BYD recently stating its aim to overtake Toyota as the world's top automaker by 2030.

Geely will begin shipping Lotus-branded electric vehicles to Canada next month under a new bilateral trade deal with China. China's ambassador to Canada, Wang Di, confirmed the shipment to Reuters, describing it as the first delivery of Chinese-manufactured cars under an arrangement permitting up to 49,000 Chinese EVs annually into the country at reduced tariff rates. Wang said the vehicles will arrive in Montreal with a ceremony planned. Other Chinese manufacturers, including Chery and BYD, are still working through Canadian regulatory requirements, with BYD unlikely to begin sales before next year. The EV agreement is part of a broader trade realignment as Canada aims to reduce economic dependence on the US, with Canadian exports to China already up 27.5% in the five months following Prime Minister Mark Carney's January visit.

حقق فريق Geely Cyan Racing إنجازًا تاريخيًا في الجولة الثانية من بطولة سباقات السيارات السياحية Kumho FIA TCR العالمية لعام 2026 على حلبة Ricardo Tormo في إسبانيا، حيث أصبح السائق Santiago Urrutia أول من يفوز بالسباقات الثلاثة كافة ضمن فعالية واحدة على متن سيارة Geely Preface TCR. ويبرهن هذا النجاح على الأداء والموثوقية والقدرات الهندسية لبرنامج سيارات السباقات السياحية الأحدث من Geely، كما يعكس دور رياضة السيارات الدولية في دعم تطوير المركبات والابتكار ضمن محفظة Geely العالمية. وقد تم تطوير كل من سيارة السباق والنسخة الإنتاجية من Geely Preface على منصة Geely Compact Modular Architecture المشتركة، والتي تجمع بين الصلابة الهيكلية والأداء الديناميكي والسلامة. وتسهم الدروس المستفادة من ظروف السباق القاسية في تحسين تقنيات المركبات الإنتاجية، حيث تعتمد Geely Preface على محرك 2.0TD توربيني بقدرة 147 كيلوواط وعزم دوران 325 نيوتن متر، مع نظام هيكل مضبوط وفق المعايير الأوروبية وتوجيه كهربائي DP-EPS لتحقيق الثبات والراحة.

Four Chinese automakers are examining ways to use Canada’s low-tariff import quota for electric vehicles and are considering domestic manufacturing partnerships, Industry Minister Melanie Joly said Monday. Joly traveled to China last week and met with officials from BYD Co., Chery Automobile Co., Zhejiang Geely Holding Group Co., and Shanghai Launch Automotive Technical Co. Her trip followed Prime Minister Mark Carney’s January visit to Beijing, where he announced a trade agreement that permits up to 49,000 Chinese-made EVs to enter Canada under a tariff of approximately 6%, eliminating the additional 100% tariff imposed in 2024. Joly told reporters that all the companies she met with are willing to explore creating joint ventures in Canada, though such arrangements would need to meet specific conditions including Canadian control of the joint venture and a localized supply chain. Chinese-made EVs began entering Canada under the new low-tariff quota in May, with the majority being Tesla Inc. cars made at the company’s Shanghai factory.

Tesla is set to report second-quarter electric-vehicle deliveries on July 2, with Wall Street expecting around 400,000 cars, which would mark a second straight quarter of growth after a 6% year-over-year rise in the first quarter. The company delivered 1.79 million vehicles in 2024, a 1% decline, and 1.63 million in 2025, a 9% drop, as automotive revenue fell 10% last year and earnings plunged 47% due to aggressive price cuts. Competition is intensifying, with China's BYD outselling Tesla in EVs last year at over 2.2 million units and Geely's New Energy Vehicle sales surging 90% to nearly 1.7 million units in 2025, while Tesla's stock trades at a trailing price-to-earnings ratio of 366, more than ten times the Nasdaq-100's 34.4. CEO Elon Musk may also update investors on the Cybercab robotaxi, which entered production in April but awaits regulatory approval for its full self-driving software, and the Optimus humanoid robot, slated for mass production by year-end at a Fremont factory with capacity for 1 million units annually.

Geely Auto Group extended its winning streak in the 2026 Kumho FIA TCR World Tour as Santiago Urrutia swept all three races at Circuit Ricardo Tormo in Valencia. Urrutia converted a front-row lockout into a Race 1 victory, then charged from eighth on the reverse grid to win Race 2, with teammates Ma Qinghua and Thed Björk finishing fourth and sixth. He completed the clean sweep in Race 3 by setting the fastest lap and leading every lap, becoming the first driver to achieve a Perfect Weekend. Geely Cyan Racing now leads the team standings with 277 points, 54 points ahead of its nearest competitor, while Urrutia tops the drivers' standings with 140 points and Björk is second with 120 points.