GEELY AUTO(HK:00175) Xin Hua Cai Jing·2025-06-12 13:20Core Insights - Geely Holding Group established Zhejiang Jiyao Tongxing Energy Technology Co., Ltd. during the Shanghai Auto Show, integrating its battery technologies into a new product called "Shen Dun Jin Zhuan Battery" [2] - The company aims to achieve a production capacity of 70 GWh by 2027, marking a record in both scale and efficiency for domestic battery supply chain mergers in the past five years [2] - The restructuring signifies Geely's entry into the global supply chain as a "battery player," enhancing its research and development, talent matrix, and production capacity [2] Industry Transformation - Jiyao Tongxing's core value lies in creating a proprietary full-stack battery ecosystem, transitioning from a fragmented technology layout to a cohesive ecosystem [3] - The integration allows Geely to independently control innovative materials such as ultra-thin, high-heat-resistant membranes and high-safety electrolytes, supporting differentiated advantages in battery safety and fast charging [3] - The scale of production is expected to support Geely's target of 5 million vehicle sales by 2027, optimizing costs and enhancing competitive positioning in the market [3] Supply Chain Evolution - The "super circle" strategy of Jiyao Tongxing introduces a new development approach for the battery industry, fostering collaboration with major European automaker Renault through a joint venture [4] - This dual open mechanism transforms the traditional closed nature of supply chains, effectively mitigating instability in global supply and demand [4] - By promoting an open ecosystem, the industry shifts from singular competition to ecological win-win scenarios, providing a replicable model for strengthening and supplementing industry chains [5]