$GLE

Global Engine Group Holding Limited (GLE) announced a 1-for-10 share consolidation to comply with Nasdaq listing rules. Trading on a post-consolidation basis begins October 8, 2026, under the same symbol (GLE) but with a new CUSIP. The company's Class A and B shares will reduce from 16,060,000 and 4,640,000 to 1,606,000 and 464,000, respectively. The consolidation does not require shareholder approval.

Societe Generale completed a €1.5B share buyback, repurchasing 19.87M shares for cancellation. The buyback was announced in August 2026 and was part of a previously disclosed capital return plan. No new guidance was provided.

Societe Generale (GLE) shares fell 4.70% to €66.29. Options activity showed bearish sentiment, with puts outnumbering calls 3.1 to 1. Notable options included a €72 call and a €66 put, suggesting hedging or downside protection. The stock has declined 13.73% over 3 months but is up 16.68% over 1 year. No specific catalyst was identified for the drop.

Geely Auto unveiled EV charging tech that charges from 10% to 70% in 4.5 minutes. BYD and CATL also announced similar ultrafast charging technologies. Analysts note China's lead in EV charging, but caution about battery overheating and network expansion challenges. BYD aims for 90,000 superfast charging stations by 2028. US charging speeds lag behind China's.

Geely has unveiled the Galaxy Cruiser 700, a flagship 4x4 PHEV SUV with over 1,120 HP. It features a 1.5L or 2.0L turbo engine paired with three electric motors, a 47.14 kWh battery, and up to 305 km of EV range. The vehicle offers advanced off-road capabilities and luxury amenities. It is currently available in China, with potential future availability in the Philippines.

Geely unveiled a 4.5-minute EV charging system, a next-gen battery, and an upgraded SUV to boost sales amid China's slowing EV market. The system charges from 10% to 70% in 4.5 minutes, using 2.2MW infrastructure and AI for safety. Geely competes with BYD, which plans 90,000 charging stations by 2028, aiming to address charging time concerns.

Geely unveiled a 2.25 MW charging station, claiming it offers the fastest production-ready charging performance. The company demonstrated charging times for its Lynk & Co 10 and Zeekr 001 models, with the new station achieving 10% to 70% charge in 4 minutes 30 seconds. Geely also introduced an AI energy model and a new battery for cheaper models. The automaker is competing with BYD and XPeng in the electric vehicle charging infrastructure space.

CATL's share price fell to a yearly low, despite strong financial performance and analyst buy ratings. Geely clarified its investment in Chongqing Yaoning, denying factory sale rumors. Li Auto announced plans to switch to self-developed batteries, reducing reliance on CATL. CATL's revenue and net profit grew significantly in the first half of 2023.

Société Générale has completed 65% of its €1.5 billion share buyback, repurchasing 2 million shares at €73.86 each. The bank aims to cancel the shares, aligning with its strategy to return capital and support earnings per share.

14 Chinese automakers reported H1 2026 revenue of 1.47 trillion yuan, with only 1 profitable. Traditional automakers like BYD, Geely, and Great Wall saw mixed results, while 7 new EV brands posted total losses of 15.9 billion yuan. CATL, a battery supplier, reported 43.28 billion yuan in profit, exceeding the total profit of all 14 automakers combined.