INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Geely Automobile Holdings Limited - GELYF; GELYY

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices involving Geely Automobile Holdings Limited and its officers or directors [1][3]. Group 1: Investigation Details - The investigation is prompted by allegations that Geely's premium electric vehicle brand, Zeekr, inflated sales figures to meet aggressive targets [3]. - Reports indicate that Zeekr engaged in practices such as arranging for cars to be insured before sale, allowing them to book sales early under Chinese registration practices [3]. Group 2: Impact on Investors - Following the news of the investigation and allegations, the value of Geely securities experienced a significant decline, adversely affecting investors [3].