Core Viewpoint - Geely Automobile's stock price increased by over 8% during trading, currently up 7.15% at HKD 17.22, with a trading volume of HKD 1.11 billion [1] Group 1: Product Launch - Geely Automobile has officially announced the launch of its new model, the Galaxy M7, which is positioned as a mid-level hybrid SUV for family use [1] - The Galaxy M7 is now arriving at 474 authorized dealerships across 266 cities in China, allowing consumers to experience the vehicle in person [1] - The official unveiling of the new vehicle is scheduled for March 13 at the Jiayao Tongxing base in Quzhou, with expectations for it to be officially launched and available for sale in the first half of the year [1]

吉利汽车(00175)盘中涨超8%，截至发稿，涨7.15%，报17.22港元，成交额11.1亿港元。 消息面上，据ITBEAR科技资讯报道，近日，吉利汽车正式宣布，旗下银河系列迎来全新力作——银河 M7，这款定位家用的中级电混SUV现已陆续抵达全国266座城市的474家授权经销商门店。消费者可随 时前往门店近距离体验实车，新车将于3月13日在吉曜通行衢州基地正式亮相，预计上半年正式上市销 售。 ...

（文章来源：每日经济新闻） 每经AI快讯，3月11日，港股汽车板块拉升，蔚来汽车涨超15%，吉利汽车涨超7%，小鹏汽车涨超 4%，零跑汽车、广汽集团、赛力斯均涨超3%。 ...

港股汽车股集体上扬，蔚来-SW涨超15%，吉利汽车涨超7%，小鹏汽车-W、五菱汽车、广汽集团纷纷 上涨。 ...

加入轩辕同学 ， 成就新汽车人! 撰 文 | 杜 咏 芳 编 辑 | 黄 大 路 设 计 | 甄 尤 美 福特还特别表示，未来两年内投资20亿美元，扩大储能业务规模，并计划到2027年底，每年部署至少20GWh的储能电池。 当电动汽车销量增速放缓，车企悄然找到新的盈利赛道。 它们正集体将巨额资本与技术资源，投向这个看似与造车无关，却与能源未来深度绑定的新战场。 步入2026年，这一趋势非但没有消退，反而以愈发清晰的节奏，在全球汽车行业纵深推进。 2月，蔚来与隆基绿能联合打造的"光储充换一体化项目——蔚来换电站丨嘉兴隆基全球分布式研发中心"在浙江嘉兴正式投入运营。 同月，日本大型电池公司GS Yuasa International Ltd.也宣布，计划在东京北部建设一座年产能2GWh的储能电池制造工厂。而丰田是这个公司的重 要股东。 几乎同时，中国车企吉利的储能布局也迎来新动作——其全资持股的宝鸡闪聚电池有限公司正式成立，注册资本5000万元人民币，经营范围涵盖 电池制造、储能服务等多元领域，成为吉利完善西北储能供应链的重要节点。 3月9日最新消息，大众汽车在德国萨尔茨吉特启用了其首个大型储能设施。该设施隶属于 ...

Investment Rating - The industry investment rating is "Overweight," indicating an expected outperformance of the industry index relative to the benchmark by more than 5% over the next six months [42]. Core Insights - The report highlights a recovery in passenger vehicle demand due to the implementation of subsidy policies, with a positive outlook for the passenger vehicle sector in Q1 2026. It emphasizes the importance of selecting resilient domestic companies and those with strong export capabilities [32][33]. - For heavy trucks, the report anticipates a sales volume of 800,000 to 850,000 units in 2026, reflecting a year-on-year increase of 3%. It recommends leading companies in the heavy truck sector [35]. - The bus sector is expected to see a growth in sales to 40,000 units in 2026, driven by the continuation of subsidy policies and the need for fleet renewal [36]. - The motorcycle market is projected to grow by 14% in total sales, with a significant increase in large-displacement motorcycles, particularly in export markets [33]. Summary by Sections Passenger Vehicles - The report expects a recovery in passenger vehicle demand in Q1 2026 due to subsidy policies, with a focus on high-end electric vehicle manufacturers such as Jianghuai Automobile, Geely, Great Wall, and others [32][33]. - The report suggests prioritizing companies with proven execution capabilities in overseas markets, recommending BYD, Great Wall, and Chery for export [32]. Heavy Trucks - In 2025, the wholesale volume reached 1.144 million units, a year-on-year increase of 26.8%. The report forecasts a sales volume of 800,000 to 850,000 units for 2026, a 3% increase year-on-year [35]. - Recommended companies include China National Heavy Duty Truck Group, Weichai Power, and others [35]. Buses - The report indicates that the bus subsidy policy has exceeded expectations, with a projected sales increase to 40,000 units in 2026, a 40% year-on-year growth [36]. - Key recommendations include Yutong Bus and King Long [36]. Motorcycles - The motorcycle industry is expected to achieve total sales of 19.38 million units in 2026, a 14% increase, with large-displacement motorcycles projected to grow by 31% [33]. - Recommended companies include Chunfeng Power and Longxin General [33].

Investment Rating - The report maintains a "Recommendation" rating for the automotive industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [37]. Core Insights - The report highlights the upcoming launch of seven significant new models in March 2026, including the Chery iCAR V27, Zhijie V9, and Zeekr 8X, which are expected to have a substantial impact on the market and related stock prices [6][8]. - The focus for March is on the Chery Zhijie V9 and Zeekr 8X, both of which are anticipated to achieve monthly sales of 5,000 to 8,000 units [10][19]. - Investment opportunities are identified in the automotive sector, particularly in companies like Geely, JAC Motors, and Leap Motor, which are expected to exceed market expectations in terms of sales and profitability [6][8]. Summary by Sections Industry Basic Data - The automotive industry comprises 225 listed companies with a total market capitalization of approximately 30,810.37 billion yuan and a circulating market capitalization of about 23,623.17 billion yuan [3]. Relative Index Performance - The absolute performance of the automotive sector has seen declines of -3.5% over the past month, -4.3% over six months, and -9.1% over the past year, while relative performance shows a slight outperformance of 1.3% over six months and 3.2% over twelve months [4]. Upcoming New Models - The report outlines seven key new models expected to launch in March 2026, including: 1. Chery iCAR V27: C-class hard-core extended-range SUV 2. Zhijie V9: C-class extended-range MPV 3. Zeekr 8X: C-class high-performance plug-in hybrid SUV 4. Other models from various manufacturers [8][9]. Investment Recommendations - The report suggests focusing on the new product launches in March as potential catalysts for investment in the automotive sector, particularly recommending Geely (Zeekr 8X) and Chery (Zhijie V9) [6][8]. - Specific recommendations include: 1. Geely: Positioned as a top choice for rebound due to low valuation 2. JAC Motors: Expected to benefit from a favorable competitive landscape 3. Leap Motor: Potential investment opportunity if sales expectations improve [6][8].

国内头部车企的竞争由此进入比亚迪"守擂"、上汽与吉利"攻 擂"的"三国杀"阶段。全年车市"一哥"宝座将花落谁家，有了 悬念。 作者：周菊 封图：图虫创意 2026年伊始，中国车市头部格局就出现变数。1—2月，上汽集团和吉利汽车的月销量双双超越比 亚迪，打破了过去两年"比亚迪领跑，上汽集团紧随，吉利汽车第三"的格局。国内头部车企的竞 争由此进入比亚迪"守擂"、上汽与吉利"攻擂"的"三国杀"阶段。全年车市"一哥"宝座将花落谁 家，有了悬念。 实际上，上汽集团的"逆袭"早有迹象。2025年下半年，上汽集团曾连续数月销量超比亚迪，成为 年度销量冠军的有力竞争者。但最终上汽集团以438.7万辆的销量，惜败于比亚迪的460.2万辆。 进入2026年，上汽集团延续了增长势头，持续与比亚迪展开较量。与此同时，昔日的自主品牌销 量霸主吉利汽车也在2026年展现出较强的增长势头，大有重夺冠军的架势。 上汽不再"跪着做人" 纵观历史，中国车企销量冠军的宝座始终处于动态变化之中。今年的赛程仅过两月，未来走向仍充 满未知。目前可见的是，在上汽集团和吉利的持续施压下，比亚迪展开了反击，其在3月5日发布 了第二代刀片电池和闪充技术，有望刺 ...

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Insights - The automotive sector is experiencing a transformation driven by AI and technological advancements, which are expected to create new investment opportunities and potentially restructure valuations in the sector [5][14] - The report highlights significant sales growth for several automotive companies, particularly in exports, despite a challenging market environment due to the Spring Festival [4][12] - BYD's new generation blade battery technology and fast-charging capabilities are expected to enhance its competitive edge in the market [13][34] Summary by Sections Weekly Dynamics - In February, Geely's sales reached 206,200 units, a slight increase of 1% year-on-year, with exports up 138% to 60,879 units. BYD sold 190,200 units, with overseas sales of 100,115 units, a 41.4% increase year-on-year. Other notable performances include Chery and Great Wall Motors, with significant export growth [4][12][33] Sector Performance and Valuation - The automotive sector underperformed the broader market during the week of February 28 to March 6, with a decline of 2.8%. The sector's PE-TTM (unadjusted) stands at 32.8, with historical valuation percentiles indicating varying levels of valuation across sub-sectors [3][15][21] Important News and Announcements - The report includes announcements from companies like Desay SV, which reported a revenue increase of 17.9% year-on-year, and YINLUNTDI, which received a significant project order expected to generate approximately $13.1 million in annual sales [28][29]

Core Viewpoint - Geely Automobile (00175) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Buyback Details - The company will repurchase 735,000 shares at a total cost of HKD 11.2901 million [1] - The buyback price ranges from HKD 15.26 to HKD 15.60 per share [1]