China Auto Daily丨Geely Automobile Repurchases 3.841 Million Shares for Approximately HKD 63.12 Million

Geely Automobile Repurchases 3.841 Million Shares for Approximately HKD 63.12 Million

Geely Automobile announced on February 26 via a filing with the Hong Kong Stock Exchange that it repurchased shares on the same day at prices ranging from HKD 16.31 to HKD 16.66 per share, with a weighted average price of HKD 16.43. The company's current treasury stock stands at 23.456 million shares, representing approximately 0.22% of its total issued share capital. Share repurchases typically signal management's confidence in the company's future performance and valuation.

NIO Chip Subsidiary Secures Over RMB 2.2 Billion in First-Round Financing

NIO (NYSE: NIO, HKG: 9866) announced on February 26 that its chip subsidiary, Anhui Shenji Technology Co., Ltd. (安徽神玑技术有限公司), has completed the signing of its first-round equity financing agreement, securing over RMB 2.2 billion (approximately USD 314 million) with a post-investment valuation approaching RMB 10 billion. The funding round attracted multiple industrial capital investors and leading financial institutions, including Hefei State-owned Investment, Hefei Haiheng, IDG Capital, China Fortune-Tech Capital, and Hua Capital.

CAAM: January Chinese Brand Passenger Vehicle Sales Reach 1.329 Million Units

According to data released by the China Association of Automobile Manufacturers (CAAM) on February 26, Chinese-brand passenger vehicle sales totaled 1.329 million units in January 2026, representing a 32.1% decline from the previous month and an 8.9% decrease year-on-year. Domestic brands accounted for 66.9% of total passenger vehicle sales during the month, with their market share contracting by 1.5 percentage points compared to January 2025.

Volkswagen: China Leading Development of EV, AI and Battery Technology Standards

German automaker Volkswagen stated on February 25 that China is increasingly shaping the pace and establishing standards for technological development across electric vehicles, automotive software, artificial intelligence, and battery technologies. The statement comes amid a profound transformation of the global automotive industry, with Volkswagen—one of the largest foreign automakers operating in China—emphasizing its commitment to expanding research and development investments and deepening local partnerships within the country. The company indicated it now regards China as a key innovation hub and is actively adjusting its global technology roadmap to align with the evolution of Chinese technical standards, recognizing the market's growing influence in defining the future direction of mobility technology.

*(Exchange rate: RMB 7.0 = USD 1)*