Core Insights - Geely Automobile Holdings Limited has announced the final results of the privatization transaction for Zeekr Intelligent Technology Holdings Limited, marking the completion of the "One Geely" strategy [2][4] Group 1: Shareholder Decisions - Approximately 70.8% of eligible Zeekr shareholders opted for share consideration, resulting in the issuance of 777,228,611 shares by Geely [2][3] - The remaining 29.2% of eligible shareholders chose cash consideration, leading to a total cash payment of approximately $701 million [2][3] - The decision of over 70% of shareholders to choose stock over cash indicates a strong preference for long-term value investment, significantly higher than typical privatization transactions [3] Group 2: Strategic Integration - The completion of the share consideration selection signifies the final execution phase of the merger between Geely and Zeekr, which has been progressing since the "Taizhou Declaration" in September 2024 [4] - The merger aims to leverage Zeekr's high-end electric vehicle technology and Geely's scale in the mainstream market, creating synergies across R&D, supply chain, and manufacturing [4][6] Group 3: Financial Performance - Geely's revenue for the first three quarters of 2025 reached 239.5 billion yuan, a 26% year-on-year increase, with a core net profit of 10.62 billion yuan, up 59% [6] - The company reported total cash of 60.1 billion yuan and net cash of 45.2 billion yuan as of the end of September, providing ample liquidity to cover the cash consideration and support future R&D and global expansion [6] Group 4: Valuation Shift - As the merger nears completion, the market's valuation logic for Geely is shifting from a traditional automotive manufacturing model to one that incorporates technology and brand premiums [7] - Zeekr's high-end positioning is expected to elevate Geely's overall brand value, with average vehicle prices for Zeekr models exceeding 300,000 yuan, compared to 180,000 yuan for Lynk & Co and 120,000 yuan for Geely's mainstream models [7] - The merger is viewed as a starting point for Geely's valuation reformation, transitioning from a traditional car manufacturer to a smart technology group [7]

Core Insights - Renault and Ford have announced a strategic partnership in Europe, where Ford will develop two new electric vehicle models based on Renault's Ampere platform, with production taking place in France [1][3] - This collaboration allows Ford to quickly enhance its product lineup during a critical period of electrification in Europe, leveraging Renault's technological capabilities [1][3] Group 1: Strategic Collaboration - The partnership signifies a deeper integration of Chinese research and development capabilities, supply chain efficiency, and cost-effective solutions into Renault's electric vehicle strategy [3][4] - Renault's Ampere platform aims to provide high-cost performance electric vehicle solutions for the European market, utilizing modular and electrification solutions from China [3][4] Group 2: Development and Integration - Renault has established a new Advanced China Development Center (ACDC) to empower the Ampere platform in creating electric products, highlighting the importance of collaboration with Chinese supply chains [4][6] - The integration of Chinese supply chains into the Ampere platform is crucial for reducing self-research costs and enhancing efficiency in key areas such as battery and electric drive systems [6][13] Group 3: Market Dynamics - The collaboration may reshape the competitive landscape for Chinese automotive companies, as European brands like Ford and Renault will leverage Chinese efficiencies, potentially increasing competition for Chinese automakers in Europe [13][14] - The strategic shift of Renault from a traditional manufacturer to an integrator reflects a broader trend in the automotive industry, where collaboration and resource sharing are becoming essential for competitiveness in the electric vehicle market [9][14]

中新网西安12月10日电 (李一璠)当传统工业的高耗与污染成为过往，"零碳工厂"正用科技与自然的交 响，书写着制造业的绿色革命，厂房顶部光伏板整齐排列，阳光倾洒在生产线上，机械臂有条不紊地左 右轮转。 近日，中新网记者跟随"绿动西安·碳寻未来"西安市减污降碳协同创新试点采风活动，了解该市在绿色 发展领域的思路与成效。 同时，西安正在把"生活垃圾"变成循环利用的"绿色宝藏"。高陵生活垃圾无害化处理焚烧热电联产项 目，采用中温次高压高效发电技术，发电效率达27%，每吨生活垃圾焚烧后可发电600千瓦时，焚烧产 生的热量运用于集中供热，垃圾焚烧后的废渣经无害化处理达标后，可加工制成透水砖、路基材料等建 筑用料。 记者在西咸新区一园区内看到，测试员正驾驶着"氢能蓝"在各厂房间灵活穿梭，该氢能助力车具有无噪 运行、零碳排放的特点。"这款氢能助力车以压缩氢气罐为动力，一罐气可实现约80公里续航，即便在 极端环境下也能稳定运行。"陕西海创盛世氢能科技有限公司生产主管张海斌介绍，目前，30台氢能助 力车已在茯茶镇正式投放，为园区通勤勾勒出高效低碳的风景线。 据了解，在汽车工业传统生产模式中，涂装、电镀等工艺，以化石燃料为主的能 ...

吉利汽车回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.12.10 | 153.70 | 17.820 | 17.440 | 2713.61 | | 2025.12.09 | 163.40 | 17.910 | 17.420 | 2870.26 | | 2025.12.08 | 153.40 | 17.910 | 17.510 | 2711.69 | （文章来源：证券时报网） 证券时报·数据宝统计，吉利汽车在港交所公告显示，12月10日以每股17.440港元至17.820港元的价格回 购153.70万股，回购金额达2713.61万港元。该股当日收盘价17.680港元，上涨0.97%，全天成交额5.28 亿港元。 自12月8日以来公司已连续3日进行回购，合计回购470.50万股，累计回购金额8295.56万港元。 其间该 股累计上涨1.78%。（数据宝） ...

Core Viewpoint - Geely Automobile Holdings Limited is finalizing the privatization of Zeekr Intelligent Technology Holdings Limited, marking the completion of the "One Geely" strategy [1] Group 1: Privatization Details - Approximately 70.8% of eligible Zeekr shareholders opted for share consideration, resulting in the issuance of 777,228,611 shares by Geely [3] - About 29.2% of eligible Zeekr shareholders chose or are deemed to have chosen cash consideration, leading to a total cash payment of approximately $701 million by Geely [3] - Each Zeekr share can be exchanged for $2.687 in cash or 1.23 shares of Geely, while each Zeekr American Depositary Share can be exchanged for $26.87 in cash or 12.3 shares of Geely [3] Group 2: Strategic Implications - The merger is expected to be completed by December 29, 2025, allowing Geely to leverage Zeekr's position in the global luxury electric vehicle market [3] - Post-merger, Geely aims to cover mainstream, mid-to-high-end, and luxury segments, creating a diverse power system that includes fuel, pure electric, plug-in hybrid, and hydrogen electric vehicles [3] - The merger is anticipated to enhance Geely's cost advantages, brand competitiveness, and global market influence [4] Group 3: Financial Performance - For the first three quarters of 2025, Geely reported revenue of 239.5 billion yuan, a year-on-year increase of 26% [4] - Core net profit attributable to shareholders reached 10.62 billion yuan, reflecting a 59% year-on-year growth [4] - As of September 30, 2025, Geely's total cash level was 60.1 billion yuan, with a net cash level of 45.2 billion yuan, ensuring ample cash reserves for long-term development [4]

Group 1 - Geely Automobile (00175.HK) announced a share buyback on December 10, 2025, costing HKD 27.1361 million to repurchase 1.537 million shares at a price range of HKD 17.44 to 17.82 per share [1] - On December 9, 2025, Geely Automobile spent HKD 28.7026 million to buy back 1.634 million shares [2]

吉利汽车(00175)公布，2025年12月10日耗资约2713.61万港元回购153.7万股股份。 ...

智通财经APP讯，吉利汽车(00175)公布，2025年12月10日耗资约2713.61万港元回购153.7万股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 吉利汽車控股有限公司 呈交日期： 2025年12月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00175 | 說明 | | | | | | | | 多櫃檯證券代號 | 80175 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...

Core Insights - The 1ms urban computing network is a new type of information infrastructure that features low latency and one-stop computing services, enabling efficient matching and utilization of computing resources [1][2] - The construction of the 1ms urban computing network is crucial for upgrading traditional industries and fostering new ecosystems, serving as a key link between national strategies and local development [2][3] Industry Developments - The 1ms urban computing network is transforming computing resources from specialized assets into public services, supporting AI model training, smart manufacturing, and enhancing urban governance [2] - Sichuan Province has initiated the construction of computing centers and multi-level latency circles, exploring a unique development path for the computing industry focused on green and secure computing [2][4] Company Innovations - The Chengdu manufacturing platform, supported by the 1ms urban computing network, provides integrated services for industrial enterprises, facilitating digital transformation and smart upgrades [4] - The Jingxiu Zifeng company in the Chengdu Fanmu Creative Park utilizes the 1ms urban computing network to enhance collaboration efficiency and reduce costs in virtual digital content production [4] - Geely's Sichuan Lynk & Co factory, recognized for its smart manufacturing capabilities, employs advanced algorithms and low-latency networks to improve production quality and efficiency [5]