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GEELY AUTO Jumps Up 6.5% as CN 2024 Car Exports Hike 23%
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GEELY AUTO (00175.HK) opened 1.49% higher this morning (4th) and drifted higher, peaking at $15.98. It last traded at $15.74, up 6.5%, with a turnover of 53.0351 million shares, involving $827 million. In addition, GWMOTOR (02333.HK) also opened high and trended high, peaking at $12.74. It last traded at $12.54, up 1.95%, with a volume of 8.6576 million shares, involving $109 million. BYD COMPANY (01211.HK) also shot up 3.4%.

Data released by the General Administration of Customs of China last month showed that the mainland's automobile exports hit 6.41 million units in 2024, a year-on-year increment of 23%. Among them, Chery Automobile and SAIC Motor (600104.SH) won the first and second place respectively, with export volumes reaching 1.14 million and 920,000 vehicles respectively; and GEELY AUTO and GWMOTOR followed behind with exports of 532,000 and 453,000 vehicles respectively.

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