Lyon: Reiterates Geely Auto (00175)'s “High Confidence Outperforms Market” Rating Target Price HK$23

The Zhitong Finance App learned that Lyon released a research report stating that it reaffirmed Geely Auto (00175)'s “High Confidence Outperforms the Market” rating, and the target price is HK$23. According to the report, Geely released June delivery data and raised the 2025 sales target from 2.7 million to 3 million vehicles. The bank believes that this increase supports the bank's argument that the strong product cycle and early economies of scale are sufficient to offset market pressure. Furthermore, Geely's export profitability is rising to 4-5 times the domestic gross margin, and the bank is expected to further drive future profit growth.