Geely Automobile Holdings Ltd. has become the best-performing global EV stock,
with its Hong Kong shares rising more than 50% since the Iran war began,
outperforming BYD Co.. The rally is driven by strong sales and record earnings,
positioning Geely as a key challenger to BYD. Allspring’s Gary Tan said Geely
benefits from broader brand segmentation, while CLSA’s Luo Ding highlighted its
push into higher-end segments and overseas EV growth, despite signs the stock
may be overbought.
