On July 29, GEELY AUTO rose 3.29% in regular trading, trading at 19.78 HKD/share, with turnover of 56.88 million HKD. The move was driven by continued positive sentiment following the company's announcement to acquire a 34% stake in Ford's Valencia, Spain factory for EUR 221 million.

Under the deal, GEELY AUTO and Ford will establish a joint venture for passenger vehicle contract manufacturing at the Valencia plant, with the first vehicles planned for production in 2028. The company will produce two pure-electric SUV models under the Geely brand. The investment will be accounted for as an associate rather than consolidated into Geely's financials, at approximately 0.35x Ford Spain's book value.

Multiple institutions have endorsed the move. Bank of America reiterated a Buy rating with a target price of 29.30 HKD, citing strong export growth and improving profitability. Citibank maintained its Buy rating with a 30 HKD target, calling the deal a milestone in Geely's long-term European expansion. JPMorgan named GEELY AUTO as its top pick for H2, noting the company's H1 overseas exports reached 474,228 units, up 158% YoY, already surpassing full-year exports last year.

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