Core Viewpoint - Geely Automobile benefits from its internal combustion engine (ICE) and new energy vehicle (NEV) strategies, which may mitigate potential risks from electric vehicle subsidy policies [1] Group 1: Market Positioning - The company maintains a target price of HKD 23 and a "high conviction outperform" rating [1] - Geely is expected to achieve a market share of over 29% in the new energy vehicle segment this year, with export volumes reaching 420,000 units [1] Group 2: Growth Prospects - The company is entering new markets in Latin America and Europe while launching more new energy models overseas, which supports confidence in achieving its targets [1] - Monthly sales of the Geely Galaxy are projected to exceed 150,000 units, with overall sales expected to surpass the target of 3 million units for the year, and internal combustion engine sales anticipated to reach at least 1 million units [1]

Group 1 - The Hong Kong automotive stocks experienced a rally, with NIO leading the gains by over 8%, followed by Geely, GAC Group, and Li Auto with increases of over 2%, and BYD with a rise of 1.55% [1] - The Ministry of Industry and Information Technology and seven other departments jointly issued the "Automobile Industry Stabilization and Growth Work Plan (2025-2026)" on September 13, 2025, aiming to promote qualitative improvements and reasonable quantitative growth in the automotive industry [1] - The plan targets approximately 32.3 million vehicle sales in 2025, representing a year-on-year growth of about 3%, with a specific goal of 15.5 million new energy vehicle sales, reflecting a year-on-year increase of around 20% [1] Group 2 - NIO announced that the NIO Day 2025 will be held on September 20, where the new ES8 will officially launch, and nationwide deliveries have already commenced [1] - BYD recently announced the launch of the Tang DM-i smart driving version with a new 175KM variant, offering three configurations with official prices ranging from 179,800 to 199,800 yuan [1] - Geely has received formal approval from its shareholders to privatize Zeekr [1]

Group 1 - The Hong Kong automotive stocks experienced a rally, with NIO leading the gains by over 8%, followed by Geely, GAC Group, and Li Auto with increases of over 2%, and BYD up by 1.55% [1] - The Ministry of Industry and Information Technology and seven other departments jointly issued the "Automobile Industry Stabilization and Growth Work Plan (2025-2026)" on September 13, 2025, aiming for qualitative improvements and reasonable quantitative growth in the automotive industry [1] - The plan targets approximately 32.3 million vehicle sales in 2025, representing a year-on-year growth of about 3%, with a specific goal of 15.5 million new energy vehicle sales, reflecting a year-on-year increase of around 20% [1] Group 2 - NIO announced that the NIO Day 2025 will be held on September 20, where the new ES8 will officially launch, and nationwide deliveries have already commenced [1] - BYD recently introduced the Tang DM-i Intelligent Driving version with a new 175KM variant, offering three configurations with official prices ranging from 179,800 to 199,800 yuan [1] - Geely has received formal approval from Zeekr shareholders for the privatization of Zeekr [1]

Core Viewpoint - Geely Automobile's stock rose over 3%, currently at 19.03 HKD with a trading volume of 1.333 billion HKD, following the announcement of the latest progress on the merger agreement [1] Group 1: Company Developments - On September 15, Geely Automobile announced the latest developments regarding the merger agreement, which includes privatization and merger matters, with formal approval expected from Zeekr shareholders at the shareholder meeting on September 15, 2025, in accordance with Cayman Islands company law [1] Group 2: Financial Projections - Daiwa updated its valuation model for Geely Automobile after the company released its half-year results, predicting sales volumes of 3 million to 3.8 million vehicles from 2025 to 2027, an increase from the previous forecast of 1.9 million to 2.3 million vehicles [1] - The firm is optimistic about Geely's successful transition to new energy vehicles, expecting that more growth from 2025 to 2027 will come from overseas expansion [1] Group 3: Profitability and Cost Efficiency - Daiwa believes Geely will benefit from profit improvements due to economies of scale and cost savings from internal synergies within the group [1]

Core Viewpoint - Geely Automobile's stock has risen over 3% following the announcement of the latest developments regarding its merger agreement, indicating positive market sentiment towards the company's future prospects [1] Group 1: Company Developments - On September 15, Geely Automobile announced the latest progress on the merger agreement, which includes privatization and merger matters, with formal approval expected from Zeekr shareholders by September 15, 2025, under Cayman Islands company law [1] - The stock price of Geely Automobile reached HKD 19.03, with a trading volume of HKD 1.333 billion [1] Group 2: Analyst Insights - Daiwa updated its valuation model for Geely Automobile following the release of its half-year results, predicting sales volumes of 3 million to 3.8 million units from 2025 to 2027, an increase from the previous forecast of 1.9 million to 2.3 million units [1] - The firm is optimistic about Geely's successful transition to new energy vehicles and anticipates that future growth from 2025 to 2027 will be driven by overseas expansion [1] - Daiwa expects Geely to benefit from improved profits due to economies of scale and cost savings from internal synergies [1]

Core Viewpoint - Geely Automobile (00175) announced the issuance of 10,000 ordinary shares on September 16, 2025, due to the exercise of stock options by related entity participants under the stock option plan adopted on April 28, 2023 [1] Summary by Relevant Categories - **Company Actions** - Geely Automobile will issue 10,000 ordinary shares as part of a stock option plan [1] - The stock option plan was adopted on April 28, 2023 [1] - **Future Implications** - The issuance of shares is scheduled for September 16, 2025, indicating a planned approach to capital management [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16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 - Geely Auto has unveiled the exterior images of the 5th generation Emgrand, showcasing a more pronounced sporty design with the new Geely 4.0 family design language [1] Design Features - The front features a newly designed grille with 12 vertical slats, flanked by sharp three-segment LED daytime running lights and headlight clusters [3] - The side profile includes a high waistline extending from the front to the rear, traditional door handles, and a slightly raised ducktail design to enhance the sporty feel [3] Dimensions - The 5th generation Emgrand measures 4815mm in length, 1885mm in width, and 1480mm in height, with a wheelbase of 2755mm, representing a comprehensive improvement over the current model [3] Rear Design - The rear does not feature the popular through-type taillights but instead has elongated LED tail lights with over 300 meters of penetration capability, significantly enhancing driving safety in rainy or foggy conditions [5] Powertrain - The vehicle is equipped with a 1.5T engine, delivering a maximum power of 133kW and a peak torque of 290N·m, paired with a 7-speed wet dual-clutch transmission [5]

Core Viewpoint - Lynk & Co has launched its first plug-in hybrid model, the Lynk 10 EM-P, responding to user demand for a vehicle in the hybrid segment after the introduction of its first pure electric product, the Lynk Z10 [2][3] Product Launch and Features - The Lynk 10 EM-P was launched on September 8, 2024, with a starting price of 163,800 yuan, offering four versions: 120 four-wheel drive Halo, 120 four-wheel drive Ultra, 240 four-wheel drive Ultra, and 240 four-wheel drive Ultra Sport [2] - The vehicle features a smart electric four-wheel drive system, laser radar, and is the first to use the NVIDIA Thor driving assistance chip, supporting the Qianli Haohan H7 driving assistance solution [2][3] Strategic Positioning and Market Approach - Lynk & Co aims to enter the "Intelligent 2.0 Era," addressing previous shortcomings in smart technology compared to new competitors [3] - The company emphasizes creating "high-value products" by leveraging scale effects to reduce costs while maintaining quality, avoiding a low-quality price war [4][5] - The pricing strategy is designed to ensure profitability while considering market conditions and consumer demand, aiming for a balance between price and value [5] Technological Advancements - The integration of the Qianli Haohan H7 driving assistance system across Lynk models allows for significant cost-sharing in software development, enhancing competitiveness [4][5] - The Lynk 10 EM-P is designed with future upgrades in mind, featuring hardware that exceeds current requirements to accommodate future technological advancements [4] Brand Integration and Future Planning - The integration of Lynk & Co and Zeekr is not merely a merger but aims to maintain distinct brand identities while optimizing resource allocation and technological development [6] - Lynk will continue to develop a diverse product line, including fuel vehicles and new hybrid models, while Zeekr will focus on higher-end electric vehicles [7]

Core Points - Geely Automobile announced the approval of the privatization proposal for Zeekr at the shareholders' meeting, marking significant progress in the privatization deal [2] - The company plans to acquire all issued and outstanding shares of Zeekr, including Zeekr's American Depositary Shares, as part of the privatization process [2] - The transaction is subject to several conditions that must be met before final completion, indicating uncertainty in the deal [2] Summary by Sections - **Privatization Approval** - The privatization proposal for Zeekr has been formally approved by shareholders, representing a milestone for Geely Automobile [2] - **Transaction Details** - Geely intends to acquire all issued and outstanding shares of Zeekr, excluding certain shares, to achieve privatization [2] - **Conditions and Uncertainty** - Despite the approval, the transaction is contingent upon meeting several prerequisites outlined in the merger agreement, which introduces uncertainty regarding its finalization [2]