GEELY AUTO(HK:00175) Xin Hua Cai Jing·2025-05-23 13:57Core Viewpoint - Geely Holding Group is leveraging "carbon neutrality" as a strategic pivot to achieve sustainable development in the automotive industry, showcasing a 50% penetration rate of new energy vehicles, positioning itself among the global leaders in this transition [2][4]. Group 1: Sustainable Development Strategy - Geely emphasizes the importance of green sustainable development and carbon neutrality as a global consensus, focusing on environmental, social, and governance (ESG) aspects to drive a low-carbon transformation across the entire industry chain [3]. - The company has established an ESG committee at the board level to ensure that sustainable development is integrated into its long-term strategy and operations [3]. - Geely actively participates in international initiatives, being the first Chinese automaker to join the EU's Drive Sustainability program and sharing its ESG practices at global climate conferences [3]. Group 2: Carbon Neutrality Goals and Achievements - Geely aims to achieve full-chain carbon neutrality by 2045, accelerating innovation in new energy and smart technologies tailored to the automotive sector [4]. - The company is focusing on green energy transformation through the use of green electricity and green methanol, having initiated deep research into green methanol technology since 2005 [4]. - In 2024, Geely plans to achieve total sales of approximately 3.34 million vehicles, with new energy vehicles accounting for 1.48 million units, reflecting a penetration rate of 45% [4]. Group 3: Product and Technology Integration - Geely integrates sustainable development principles throughout the vehicle lifecycle, emphasizing low carbon and recycling in its R&D efforts [5]. - The Geely Galaxy E5 has been recognized as a "Low Carbon Leader Model" for 2024, and the Zeekr 009 features over 30% plant-based materials in its interior [5]. - The luxury brand Lotus has achieved a 98% recycling rate for aluminum materials in its electric SUV [5]. Group 4: Supply Chain Management and Collaboration - Geely promotes sustainable development not only within its operations but also by leading its supply chain partners in environmental and social responsibilities [8]. - The company is breaking traditional control models by fostering collaborative innovation with suppliers, focusing on shared responsibilities and value [8]. - Geely provides resources and training to suppliers to enhance their sustainability capabilities, creating a shared ecosystem for best practices [8]. Group 5: Green Methanol and Circular Economy - Green methanol is recognized as a key clean renewable energy source that aligns with the automotive industry's low-carbon transition [9]. - Geely has over 300 patents related to methanol technology and has sold more than 40,000 methanol operational vehicles, accumulating over 20 billion kilometers in mileage [9]. - The company emphasizes the potential for carbon capture from methanol vehicle emissions to be reused in green methanol production, promoting a circular economy [9].