$GELYF

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.

The article says Mercedes-Benz sold 1,153 electric CLA units in China in the first half, far below Xiaomi’s SU7 at over 80,000 similarly priced deliveries. It cites at least 30% second-quarter sales declines for BMW, Volkswagen and Porsche in China. Mercedes is pausing the CLA push due to unprofitable economics, while BMW cut its China margin outlook to about 1% and plans Neue Klasse models.

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.

Geely Automobile Holdings (OTCMKTS:GELYF) reported short interest of 1,886,815 shares as of May 15, down 63.4% from 5,160,588 on April 30, according to the article. With average daily volume of 123,989 shares, days to cover was 15.2. The stock was up 1.2% to about $2.45.

GELYY's subsidiary plans to reduce 3,000 jobs, mostly white-collar, as high costs, slowing EV demand and growing trade uncertainty engulf it.

Geely offers $25.66 per ADS to take Zeekr private at $6.5 billion value. Privatization aims to streamline EV operations and cut redundancies. Get prepared for the Fed's next move-live with Matt Maley on Wednesday, May 7 at 6 PM ET. Reserve your free spot now.

Geely Automobile Holdings GELYF announced that the company will share its battery safety patents at the Shanghai Auto Show. What Happened: The Chinese automaker revealed on Wednesday the "Geely Global Safety Center," which the company says is the world's largest standalone safety lab.