What's Going On With Zeekr Stock Today? - ZEEKR Intelligent Tech (NYSE:ZK)

Geely Automobile Holdings reported first-half fiscal 2026 results. Profit attributable to the parent fell to RMB 9.09 billion (RMB 82.10 cents per share) from RMB 9.26 billion, while core profit rose 46% to RMB 9.68 billion. Revenue increased 15% to RMB 173.60 billion. Sales volume rose 1% to 142.3 million units. The company expects FY2026 sales of 3.45 million units; shares rose about 5% in Hong Kong.

Geely Automobile reported first-half 2026 net profit down 1.8% to 9.09 billion yuan, while revenue rose 15% to 173.60 billion yuan, according to the company. Overseas deliveries more than doubled to 474,288 units and exports exceeded 100,000 in June. Gross margin rose 1.6 points to 17.9% on stronger exports and premium mix, with shares up 4.8% in Hong Kong. Citi cited a slight earnings beat and noted a Ford Spain EV manufacturing partnership.

Geely Automobile shares rose about 3% after the company said its unit Geely SPV will buy a 34% stake in Ford España, S.L. for €221 million, creating a joint venture at Ford’s Valencia plant. Operations are planned for H1 2027, with a Geely-branded electric SUV targeted for 2028. The deal aims to reduce tariff exposure and scale production to about 500,000 units annually, subject to approvals.

BioNTech (NASDAQ:BNTX) halted a mid-stage trial of its mRNA cancer vaccine, autogene cevumeran, due to an overall survival imbalance. The decision raises concerns about its mRNA strategy in colorectal cancer and other 'cold' tumors. BioNTech plans to continue other trials, including one for pancreatic cancer and BNT113 for head and neck cancer. The company also focuses on diversifying its oncology pipeline. According to Reuters, the news caused a 7.5% drop in BioNTech's US-listed shares.

Volkswagen (VW) plans to produce components for Israel's Iron Dome missile defense system at its Osnabrück, Germany factory. The move is part of VW's restructuring efforts amid economic challenges and competition. The project involves a joint venture with Israeli defense company Rafael and the German state of Lower Saxony, aiming to overcome opposition from Qatar's sovereign wealth fund, a VW stakeholder. This marks VW's return to defense-related manufacturing as European defense spending rises.

Piper Sandler raised its price target for ExxonMobil (XOM) to $185, citing strong fundamentals, cost savings, and growth in Guyana. XOM's Q2 earnings beat expectations, with high free cash flow and shareholder returns. However, risks include exposure to Middle East conflicts and potential crude price normalization. XOM's stock has risen 30% in 2026, with a 16% upside implied by the new target.