Geely autos (00175) opened high in the morning, and as of the report, the stock price has risen by 5.02%, reaching HKD 13.80, with a turnover of HKD 0.537 billion.

According to the Hong Kong Stock Exchange's equity disclosure documents, Geely Autos' chairman Li Shufu purchased a total of 24.2 million shares of Geely Autos on November 26 and 27, spending approximately 0.316 billion Hong Kong dollars based on the average price, increasing his shareholding from 41.19% to 41.40%.

CMB International's previous research reports pointed out that the sales forecast for Geely in the coming year was raised by 18% to 2.38 million vehicles, based on the popularity of recently launched electric vehicles, estimating that the company's electric vehicle sales will increase by 51% year-on-year to 1.32 million vehicles, accounting for 55% of total sales.