China Merchants Securities International issued a report on June 4th, reaffirming its target price of HK$27.5 and maintaining a 'Buy' rating for Geely Automobile (00175.HK). The report highlights that Geely's wholesale sales of new energy vehicles witnessed robust growth in May, outpacing the industry average. Additionally, the premium fuel vehicle brand China Star also recorded significant sales increases. Recently, several new Geely models have gained substantial market demand, and it is anticipated that new offerings from brands like Yinhe, Lynk & Co, and Zeekr will further propel product line enhancements in the second half of the year. The bank anticipates that Geely might elevate its annual sales target, which is poised to positively influence share prices. Despite potential short-term performance impacts from off-season promotions, China Merchants Securities International remains confident that these effects will be contained and has kept its earnings forecast for Geely Automobile unchanged.