GEELY AUTO(HK:00175) Mei Ri Jing Ji Xin Wen·2025-06-17 10:42Core Insights - The core viewpoint of the articles is that domestic brands in China, particularly Geely, are making significant advancements in hybrid technology, exemplified by the launch of the Raytheon AI Electric Hybrid 2.0, which integrates AI to enhance fuel efficiency and performance [1][2]. Group 1: Technological Advancements - Geely's Raytheon AI Electric Hybrid 2.0 features multiple technological pathways, including Raytheon EM-i AI hybrid and Raytheon EM-P AI hybrid, showcasing rapid iteration in hybrid technology [1]. - The AI integration allows the system to predict road conditions, make intelligent judgments, and actively optimize fuel consumption, achieving a fuel consumption of 2.49L per 100km, which is over 30% lower than traditional hybrid systems [1][2]. Group 2: Market Growth and Competition - The hybrid vehicle market in China has seen a tenfold increase in sales from 2020 to 2023, with projections indicating that hybrid vehicle sales will reach 7.252 million units in 2024, capturing 40% of the new energy vehicle market [3]. - Domestic automakers, including Great Wall, BYD, and Chery, are intensifying their focus on hybrid technology, contributing to a competitive landscape as new entrants like Avita and Xiaopeng also explore hybrid offerings [3]. Group 3: Global Market Dynamics - Chinese brands have made significant inroads in the European market, with a 78% year-on-year increase in registrations, reaching a record 150,000 units, while plug-in hybrid sales surged by 368% [4]. - Despite advancements, Chinese automakers face challenges in the global hybrid market, particularly from Japanese brands like Toyota and Lexus, which still dominate with 80% market share [6].