Core Insights - Geely Automobile reported a record revenue of 150.285 billion yuan for the first half of 2025, marking a 27% year-on-year increase [1][5] - The company sold 1.4092 million vehicles in the first half of 2025, a significant 47% increase compared to the previous year, with new energy vehicle sales reaching 725,200 units, up 126% [1][4] - Geely has raised its annual sales target from 2.71 million to 3 million vehicles, reflecting confidence in future performance [1][6] Financial Performance - The net profit attributable to shareholders for the first half of 2025 was 9.29 billion yuan, a 14% decline year-on-year; however, the core net profit, excluding foreign exchange losses, was approximately 6.66 billion yuan, representing a 102% increase [1][5] - The company had cash reserves of approximately 58.8 billion yuan as of June 30, 2025, a notable increase from 46.6 billion yuan at the end of 2024 [1][8] Sales and Market Position - In the Chinese market, Geely's vehicle sales reached 1.2251 million units, a 62% increase year-on-year, capturing an 11.2% market share, making it the second-largest domestic brand [4][5] - The company's new energy vehicle sales in China accounted for 684,700 units, representing 55.9% of its total sales in the region, surpassing the national penetration rate of 50.4% for new energy vehicles [4][5] Research and Development - Geely's R&D expenditure for the first half of 2025 was 7.328 billion yuan, a 21% increase compared to the previous year [1][8] - The company has been rapidly increasing its R&D investments over the past few years, with expenditures rising from 5.518 billion yuan in 2021 to 10.419 billion yuan in 2024 [8] Strategic Initiatives - Geely plans to launch four new models in the second half of 2025 and is expanding into ten new overseas markets, including Brazil and the UK [6][7] - The company aims to enhance its global strategy through the establishment of five regional centers and is focused on technological innovation and product upgrades, avoiding price wars [7]

Group 1 - Li Auto's first pure electric six-seat SUV, the Li i8, has begun nationwide delivery in 44 cities, with a target of delivering over 8,000 units by the end of September and challenging to reach 10,000 units [1] - The delivery of the Li i8 marks a significant step towards diversification and scaling in the electric vehicle sector, showcasing strong production capacity and market confidence [1] - This initiative is expected to stimulate consumer demand for pure electric SUVs and activate the entire electric vehicle sector, solidifying Li Auto's market positioning [1] Group 2 - Geely Auto responded to complaints from some car owners regarding the unilateral change of "lifetime free basic data" rights, emphasizing that user rights promised at the time of sale will remain unchanged [2] - The company clarified the specifics of "basic data" rights, which typically include remote vehicle control, online navigation, voice assistant, weather queries, and OTA upgrades, depending on the actual configuration of the purchased model [2] - Geely's response reflects its sensitivity to user concerns and may prompt a reevaluation of user rights algorithms and information transparency within the smart connected vehicle industry [2] Group 3 - BYD has entered a strategic partnership with Finnish automotive dealer Veho Group to upgrade its sales and service network in Finland [3] - The collaboration aims to establish new retail outlets in Helsinki, Espoo, Tampere, and Turku, enhancing BYD's competitive advantage in Finland and laying the groundwork for future penetration into the Nordic market [3] Group 4 - Deep Blue Automotive and Star Semiconductor have established a joint venture, Chongqing Anda Semiconductor, which has recently commenced production [4] - This joint venture focuses on the development of industry-leading automotive-grade power semiconductors, setting a new benchmark in the industry [4] - The production launch enhances Deep Blue's capabilities in critical components and may drive innovation in semiconductor technology applications within the automotive industry, improving the performance and safety of future smart electric vehicles [4]

【#吉利汽车回应被指基础流量权益变更#】8月20日，@吉利汽车 发声明回应吉利旗下部分车型"基础 流量"等权益质疑： 此前在"基础流量"包含的权益信息传递中，存在不一致的情况。为消除用户的误解与疑惑，现统一说 明："基础流量"权益通常涵盖车辆远程控制、在线导航、语音助手、天气查询、OTA升级等功能。具体 所含功能，请以您所购车型的实际配置为准。 此前，有车主称，吉利汽车对"基础流量"政策调整，因此引发不满。有网友表示，"24年购车时宣传承 诺基础流量终身免费，包括语音控制、远程控制以及自带导航、OTA升级等，直到今年年初官方的回答 都是如此。如今基础流量部分仅剩远程控制了，且吉利回复'车机流量分为基础流量和娱乐流量，其中 基础流量仅包含远程控制，其它均为娱乐流量'。所以希望吉利能够遵守承诺，恢复车主原有的相关权 益，不能为了统一新款车权益，抹杀旧车主应有的权益。" 一、关于用户权益的持续性 吉利汽车在不同时期推出的智能网联车型，因市场定位、价格及配置存在差异，对应的用户权益方案会 有所不同。但需明确的是，销售时向用户承诺的包含E-CALL在内的权益，始终保持一致，不会进行任 何变更或减配。 二、关于"基础流量 ...

Core Viewpoint - Geely is focusing on an "All in One" AI cockpit strategy, integrating a unified AI OS architecture, AI Agent, and user ID to create a smart space for autonomous collaboration between people, vehicles, and the environment [1][2]. Group 1: AI Cockpit Development - Geely will no longer develop traditional smart cockpits without AI capabilities, emphasizing the transition to AI-driven solutions [1]. - The new AI cockpit operating system, Flyme Auto 2, will first be implemented in the Lynk & Co 10 EM-P and Geely Galaxy M9 models [1][5]. - The AI cockpit is part of Geely's broader AI technology system, which includes intelligent driving, power, and chassis domains [1]. Group 2: Unified AI Ecosystem - The cockpit development system of Geely, Lynk & Co, and Zeekr is being integrated under the "One Geely, One Cockpit" principle, utilizing a common AI OS architecture [2]. - Flyme Auto and Zeekr OS are built on the same AI OS architecture but are tailored for different user needs in terms of interaction design [2]. - The AI Agent ecosystem combines cognitive and action capabilities, allowing the AI cockpit to provide proactive services [5]. Group 3: AI Capabilities and Infrastructure - Geely's AI capabilities include the ultra-human emotional AI agent Eva, which integrates various AI models for enhanced emotional interaction and task execution [2][6]. - The cloud and vehicle sides of the AI cockpit are interconnected, with Geely's Starry Center 2.0 achieving a computational power of 23.5 EFLOPS and the AI Box featuring 200 TOPS of NPU computing power [3]. - The native software architecture of the AI cockpit allows for hardware-software decoupling and a shift from application-centric to intelligent agent-centric design [3].

Group 1 - Geely has launched a new AI cockpit operating system called Flyme Auto 2, which will first be installed in the Lynk & Co 10 EM-P and Geely Galaxy M9 [2] - The company introduced Eva, the world's first large-scale deployable hyper-personalized emotional intelligent agent, which will be initially featured in the Geely Galaxy M9 [4] - Geely aims to create a unified AI OS architecture and user ID across its brands, promoting an "All in One" AI cockpit that enables autonomous collaboration between humans, vehicles, and the environment [4] Group 2 - The launch of the AI cockpit is considered strategically significant for Geely and the automotive industry, showcasing the economic benefits of platform integration and ecological collaboration [5] - Eva represents a paradigm shift from passive response to active care, transforming the nature of automotive products from consumer goods to emotional companion intelligent terminals [5] - This development may redefine the technical standards for smart cockpits in the industry and accelerate competitors' efforts in AI-native architecture development, pushing the entire sector towards an AI-driven embodied intelligence era [5]

Core Viewpoint - Geely Auto has officially launched its "One Cabin" strategy, embracing the AI cabin era and ceasing the development of traditional non-AI cabins, aiming to lead the industry into the AI cabin age [1] Group 1: Strategic Developments - Geely has introduced a unified AI agent named Eva, claimed to be the world's first mass-producible hyper-personalized emotional intelligent agent, integrating advanced AI models for enhanced emotional interaction and autonomous capabilities [1] - The company has unveiled the new generation AI cabin operating system, Flyme Auto 2, built on a self-developed five-layer native architecture, featuring a cloud-based 23.5 EFLOPS computing center and a vehicle-side 200 TOPS AI Box [1] Group 2: Product Features and Innovations - The Flyme Auto 2 system includes the world's first 7 billion parameter edge-side multimodal large model and supports the LangChain intelligent agent programming framework, transitioning from "user finds function" to "service finds user" [1] - The Lynk & Co 10 EM-P and Galaxy M9 will be the first models to feature this new system, with older models able to receive updates via OTA to access related functionalities [1] Group 3: Future Goals - Geely aims to continuously advance embodied intelligence and aspires to become a leader and standard-setter in the global automotive AI revolution [2]

8月20日，吉利发布新一代AI座舱操作系统——Flyme Auto 2。第一财经记者了解到，继智能驾驶业务 整合之后，吉利智能座舱也开启整合，吉利聚焦"一个座舱"，极氪、领克、吉利、银河四大品牌的智能 座舱底层架构、生态、算力资源都会整合，品牌之间智能座舱区别将聚焦在UI和个性化功能。（第一 财经记者 肖逸思） ...

Group 1 - Meta announced a restructuring of its AI department, splitting the Meta Super Intelligence Lab into four separate divisions [1] - The South Korean AI startup Upstage secured $45 million in investments from Amazon and AMD [1] Group 2 - Zhipu launched the world's first mobile agent AutoGLM 2.0 [1] - Geely released the next-generation AI cockpit operating system Flyme Auto 2 [1] - Baidu's mobile search results are over 64% generated by AI [1] - Yushu Technology previewed a new humanoid robot with 31 degrees of freedom [1] - The WeChat team launched version 5.0, introducing intelligent search, intelligent summarization, and intelligent robot features [1]

Core Viewpoint - The Chinese electric vehicle (EV) market has seen significant growth in the first half of 2025, with Geely Automotive becoming the second-largest in new energy sales and Leap Motor achieving the highest sales among new forces. Both companies have surpassed one million units in cumulative sales, indicating a demand increase of approximately 100 GWh for battery supply [2][3]. Group 1: Market Dynamics - The growth in the EV market is largely driven by government policies promoting vehicle trade-ins, alongside a trend of "consumption downgrade," where lower-priced models are becoming the main sales drivers [2]. - Geely's new energy brand "Galaxy" has achieved over one million cumulative sales within 24 months, with a remarkable 232% year-on-year growth in the first half of 2025, selling 548,000 units [2]. - Leap Motor delivered over 220,000 units in the first half of 2025, surpassing competitors like Ideal and Xiaopeng, and has raised its delivery guidance for 2025 to between 580,000 and 650,000 units [2]. Group 2: Battery Supply Challenges - Geely is facing a battery supply shortage due to its rapid expansion, prompting the company to seek additional capacity from external suppliers [3]. - The establishment of the independent "Jiyao Tongxing" battery group aims to consolidate Geely's battery operations and enhance efficiency, with a target of achieving 70 GWh capacity by 2027 [3]. - Geely plans to adopt a "self-supply + external procurement" strategy, with an expected increase in self-supplied battery cells to 30% over the next two years [3]. Group 3: Leap Motor's Strategy - Leap Motor achieved a record gross margin of 14.1% in the first half of 2025, attributed to economies of scale and cost control [4]. - The company's strategy focuses on "full self-research" and decentralized procurement, allowing it to save costs and enhance bargaining power by sourcing battery cells from multiple suppliers [5]. - Leap Motor has begun supplying self-developed battery packs to over five new energy commercial vehicle clients, indicating a shift towards monetizing its battery technology [5]. Group 4: Opportunities for Battery Suppliers - The anticipated demand for 100 GWh of batteries presents both opportunities and challenges for battery suppliers, with CATL remaining a preferred choice but not the only option [5]. - Suppliers need to demonstrate stable performance, compatibility with vehicle models, and sufficient capacity to meet delivery timelines to secure orders [6].

7月，国内乘用车市场在传统淡季中展现出韧性，多项核心指标创当月历史新高。乘联分会公布的数据显示，当月国内狭义乘用车市场零售销量达183.7万 辆，同比增长6.9%，环比下降11.9%。 | | 7月销量 | 1-7月累计销量 | | --- | --- | --- | | 轿车 | 84.1万辆 | 587.5万辆 | | | 同比↑6.4% 环比↓ 11.4% | 同比↑10.2% | | VPV | 8.9万辆 | 59.8万辆 | | of | 同比↑ 6.7% 环比↓ 7.7% | 同比↑ 6.0% | | SUV | 90.8万辆 | 626.7万辆 | | | 同比↑ 7.5% 环比↓ 12.7% | 同比↑10.7% | | VEV | 98.6万辆 | 645.5万辆 | | | 同比↑ 12.0% 环比↓ 11.3% | 同比↑29.5% | 具体车型类别上，新能源车在7月销量达到98.6万辆，同比上升12.0%，环比下滑11.3%。得益于新能源车销量持续突破，轿车、SUV以及MPV的销量均实现 同比上涨。其中轿车销量为84.1万辆，SUV销量90.8万辆，MPV为8.9万辆。 品牌阵容方面 ...