GEELY AUTO(HK:00175) Mei Ri Jing Ji Xin Wen·2025-05-23 10:12Core Viewpoint - Chengdu's economic performance in the first four months of 2023 shows a significant growth in the industrial sector, particularly in the new energy vehicle (NEV) segment, which has seen a remarkable increase in production and is indicative of the city's industrial transformation and upgrade [1][2]. Group 1: Economic Performance - The industrial added value of Chengdu increased by 8.1% year-on-year in the first four months of 2023, indicating a strong industrial development trend [1]. - The production of new energy vehicles in Chengdu surged by 412.5%, highlighting the city's rapid growth in this sector [1]. Group 2: Key Models and Production - The introduction of the Geely Starwish and Lynk & Co Z20 models has significantly contributed to the growth in NEV production, with production volume expected to more than double this year [1][2]. - The Starwish model, launched in October last year, became the best-selling sedan in April 2023 with sales of 36,100 units [2]. - The Lynk & Co Z20, launched in December last year, is the first global pure electric SUV from Lynk & Co, enhancing the product lineup and production capacity at the Chengdu base [2]. Group 3: Future Goals and Policies - Chengdu aims to establish itself as a major national research and manufacturing base for new energy vehicles, with a target of exceeding 150 billion yuan in industry scale and producing 250,000 vehicles by 2025 [2]. - The city plans to improve the ratio of complete vehicles to components to 1:1, with vehicle capacity utilization and local supply rates reaching over 70% and 50%, respectively, while striving for a total of 800,000 NEVs in use [2].