Core Viewpoint - Geely's new Dongfangyao series aims to redefine the value of fuel vehicles amidst the dominance of new energy models, emphasizing "Chinese design, intelligent technology, ultimate driving control, comfort, and Chinese-style safety" [2][13] Product Launch and Pricing - The Dongfangyao series includes the Xingrui and Xingyue L models, with prices ranging from 98,700 to 179,700 yuan, offering various power combinations [2] - The Xingrui model features two power options (2.0TD+8AT and 1.5TD+7DCT) across six versions, while the Xingyue L offers three 2.0TD+8AT models [2] Marketing Strategies - Geely is implementing user engagement activities, including a collaboration with Meizu to offer limited edition smartphones to select buyers and a test drive event with a cultural brand [4] - The "Cultural Tourism Exploration Plan" continues to promote cultural integration with automotive experiences, focusing on Dunhuang aesthetics and Silk Road culture [4] Design Philosophy - The design of the Dongfangyao series is centered around "Dunhuang aesthetics," featuring exclusive colors and materials that reflect cultural depth rather than superficial cultural symbols [7] - The shift from traditional design elements to a more refined cultural essence aims to meet consumer demand for "subtle luxury" [7] Intelligent Technology - The series incorporates the GEEA 3.0 electronic architecture and Xingrui AI model, enhancing vehicle intelligence and connectivity [8] - The architecture supports advanced features such as a central super brain for decision-making and significantly improved data transmission speeds [8] Driving Experience and Performance - The Dongfangyao series is equipped with advanced driving assistance systems and a powerful engine, achieving 0-100 km/h in 6.5 seconds [10] - The Xingyue L model features a sophisticated four-wheel-drive system, enhancing performance in various driving conditions [10] Comfort and User Experience - The Xingyue L offers premium comfort features, including a massage function for the driver and passenger seats, and advanced sound systems for an immersive experience [12] - The focus on detailed comfort enhancements aims to cater to family users and long-distance travel needs [12] Market Position and Strategy - Despite the rise of new energy vehicles, fuel vehicles still hold a significant market share in China, with Geely achieving a 10.4% market share and a 21% growth in the Dongfangyao series [13] - Geely's dual strategy of promoting both fuel and new energy vehicles reflects a commitment to meeting diverse consumer needs while leveraging intelligent technology to enhance fuel vehicle value [13][14]

Group 1 - The core viewpoint of the article highlights the strategic expansion of Geely in the battery manufacturing sector, particularly through the establishment of the Flash Battery project in Chengdu, which aims for an annual production capacity of over 250,000 battery packs and a cumulative output value of 20 billion yuan over five years [2] - Geely's battery business is structured into three main segments: Yaoning, Jidian, and Flash Battery, with a focus on lithium iron phosphate technology and partnerships with external suppliers for ternary batteries [2][3] - The newly formed group, Jiyao Tongxing, aims to achieve a battery production capacity of 70 GWh by 2027, supporting the production of 1 million new energy vehicles [2] Group 2 - Geely is enhancing its strategic investments in Sichuan, with multiple projects including the Flash Battery project and the establishment of its global headquarters for industrial software in Chengdu [3] - The company is diversifying its battery technology through various subsidiaries, which helps in standardizing battery products and improving quality control [3]

Core Insights - The B-class sedan market is experiencing a price war, with domestic brands aggressively competing in the 80,000 to 100,000 yuan price range, previously dominated by joint ventures [1][2] - The launch of the Roewe M7 DMH at a price of 85,800 to 102,800 yuan marks a significant entry into the mid-sized hybrid sedan market, challenging competitors like BYD Qin L and Galaxy A7 [1][2] - Domestic brands are increasingly capturing market share from joint ventures in the B-class hybrid sedan segment, with models like BYD Qin L and Galaxy A7 leading sales [4][6] Group 1: Market Dynamics - The B-class hybrid market is characterized by intense competition, with Roewe M7 DMH's pre-sale orders exceeding 10,000 in its first week, indicating strong market interest [2][4] - BYD Qin L and Galaxy A7 are positioned as key competitors, with monthly sales fluctuating between 16,000 to 20,000 units for Qin L and 12,000 units for Galaxy A7 [2][4] - The market is shifting towards domestic brands, which are leveraging pricing, technology, and intelligent features to gain an edge over joint venture brands [1][6] Group 2: Industry Trends - The hybrid sedan segment has seen rapid growth, with sales increasing from 9,925 units in July 2022 to 124,000 units in July 2023, capturing 12.6% of the overall market [8] - Despite a recent slowdown in growth, with a reported 8% decline in August sales, the long-term outlook for hybrid vehicles remains positive [8][9] - The export of plug-in hybrid vehicles has surged, with a year-on-year increase of 165% in the first half of the year, indicating a new growth engine for the segment [9][10]

Core Viewpoint - Geely Auto has launched the Galaxy M9, a six-seat SUV positioned as a competitive offering in the market, showcasing its capabilities in AI technology and design [1][10]. Design and Space - The Galaxy M9 features a "Starry Ripple" design language, with a low drag coefficient of 0.285Cd, and offers six body colors and two interior color options [1]. - The vehicle measures 5.2 meters in length with a wheelbase exceeding 3 meters, providing an interior space of 5.2 square meters and a space utilization rate of 88.3% [3][5]. Product Development and User Focus - Geely emphasizes collaboration between R&D and sales, focusing on user needs from the vehicle planning stage, such as optimizing third-row space for two-wheel drive models [5]. - The "Three-In-One" space design based on the GEA Evo architecture allows for a high space utilization rate, accommodating six 20-inch carry-on suitcases in the trunk when fully seated [5]. Technology and Performance - The Galaxy M9's core competitive advantage lies in its comprehensive AI capabilities, powered by the Starry Smart Computing Center 2.0 and extensive data [7]. - It features the new generation Raytheon EM-P AI hybrid system, achieving 0-100 km/h in 4.5 seconds, with a fuel consumption of 4.8L/100km and a comprehensive range exceeding 1500 kilometers [7]. - The vehicle is equipped with Flyme Auto 2 AI smart cockpit and advanced driving assistance features, including emotional AI and multi-screen interaction [7]. Market Response and Sales Strategy - The pre-sale of the Galaxy M9 saw over 40,000 orders within 24 hours, indicating strong market demand [8]. - Geely aims to ensure "delivery upon launch" and enhance user experience through transparent pricing and independent operations of sales channels [8]. - Over 50% of pre-sale orders are from families with two children, indicating a shift in the user demographic towards middle-class professionals [10].

Core Viewpoint - Geely Automobile (00175) announced the issuance of 15,000 ordinary shares on September 23, 2025, as part of its stock option plan adopted on April 28, 2023 [1] Summary by Relevant Categories - **Company Actions** - The company will issue 15,000 ordinary shares due to the exercise of stock options [1] - **Stock Option Plan** - The stock option plan was adopted on April 28, 2023, allowing for the issuance of shares [1]

Group 1 - Geely Automobile announced the issuance of 15,000 ordinary shares on September 23, 2025, as part of its stock option plan adopted on April 28, 2023 [1]

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9月23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 Viewpoint - The automotive industry is experiencing intense competition and a surge in new car launches, particularly in September, reflecting a shift from an incremental to a saturated market, leading to increased pressure on manufacturers and media alike [1][4][11]. Group 1: New Car Launches - Nearly 20 new car models were launched in the first half of September, covering price ranges from 100,000 to 500,000 yuan, including both new energy and fuel-powered vehicles [1]. - Over 30 new car models are set to be launched in the last week of September, indicating a coordinated effort among brands to release delayed products [1][2]. - The frequency of new car launches is a response to the competitive landscape, as companies aim to capture market share in a transitioning market [4][8]. Group 2: Industry Competition - The automotive market is increasingly competitive, with a notable rise in the number of brands, particularly in the new energy sector, leading to a rapid increase in product offerings and replacement cycles [4][6]. - The shift from a growth market to a saturated market has resulted in a zero-sum game, where one company's sales often come at the expense of another [8][11]. - The pressure to continuously launch new products is a strategy to stimulate consumer demand during peak sales seasons, despite the risk of oversaturation [8][10]. Group 3: Media and Industry Impact - The intense schedule of new car launches has led to increased workloads for media professionals, making it difficult to provide in-depth evaluations of each vehicle [11][13]. - The quality of media coverage may suffer due to the rushed nature of events, resulting in content that lacks unique perspectives and depth [13][15]. - The automotive industry faces challenges in maintaining brand loyalty and vehicle resale values due to the rapid pace of new product introductions [15][17]. Group 4: Future Considerations - The current state of the automotive industry reflects a need for companies to reassess the sustainability of frequent new car launches, considering the associated costs and impacts on brand perception [15][17]. - The ongoing competition may lead to a market consolidation, where only those companies with comprehensive advantages in technology, product, and operations will survive [17].

Domestic News - The Ministry of Industry and Information Technology and four other departments have issued a plan for the steel industry, targeting an average annual growth of around 4% in value added over the next two years, focusing on quality upgrades in major steel-consuming industries such as automotive and machinery [2] - In August, the retail sales of new energy passenger vehicles increased by 7.5% year-on-year, with a penetration rate of 55.2%, indicating a steady growth in the consumption market [3] - The State Administration for Market Regulation has revised and published national standards for urban public transport and car rental services, which will take effect on November 1, emphasizing the verification of rental operators and vehicles [4] - Since the beginning of the 14th Five-Year Plan, the cumulative insurance coverage for motor vehicles has exceeded 1.6 billion instances, marking a 40% increase compared to the previous five-year period [5] International News - In the first 20 days of September, South Korea's automobile export value increased by 14.9% year-on-year, reaching $3.42 billion, despite an overall export decline due to new U.S. tariff policies [6] - Belgium's exports of passenger cars to the U.S. plummeted by 45% from May to July, contributing to a trade deficit of €2.2 billion with the U.S. during this period [7] - Porsche announced a significant adjustment to its electric platform development timeline, extending the market lifecycle of existing internal combustion engine models while introducing new models [8] Company News - China FAW Group Corporation is in the public announcement period for its acquisition of a stake in Shenzhen Zhuoyu Technology Co., which specializes in advanced driver-assistance systems (ADAS) [9] - Geely Automobile issued 24,000 ordinary shares due to the exercise of stock options under its plan adopted in April 2023 [10] - Li Xiang, CEO of Li Auto, clarified that there is no model named "Li Xiang i7," addressing public inquiries about the vehicle [11] - CATL signed a strategic cooperation agreement with the People's Government of Milin City, focusing on new energy projects and zero-carbon industries [12] - WeRide partnered with Grab to launch the Ai.R autonomous driving service in Singapore, marking the first such service in residential areas [13]

Group 1 - The company, Guangting Information, has established collaborations with a variety of domestic and international automotive manufacturers and parts suppliers, including Geely, Great Wall, Chery, Seres, FAW Group, GAC Group, Toyota, and Nissan [1] - The company emphasizes a philosophy of shared innovation and collaboration within its industrial ecosystem, aiming for mutual benefits among its partners [1] - The company is actively engaging with major automotive clients to enhance its product offerings and market presence [1]