

Group 1 - The core viewpoint of the report is that Geely Automobile is expected to see significant growth in vehicle deliveries and profitability from 2025 to 2027, with projected deliveries of 3.09 million, 3.53 million, and 3.93 million vehicles, and an increasing penetration rate of new energy vehicles [1] - Geely's revenue for the first half of the year reached 150.28 billion RMB, a year-on-year increase of 27%, slightly exceeding market expectations, while vehicle sales reached 1.409 million units, up 47% year-on-year, leading to a market share increase to 10.4% [1][2] - The company aims to narrow the gap with industry leaders to within 4% and has set a goal to surpass them in market share [1] Group 2 - The merger between Geely and Zeekr is progressing, with both shareholder meetings scheduled for September, and if approved, the merger is expected to be completed by the end of the year [2] - Post-merger, Geely will establish two major business groups: Geely Galaxy and Zeekr Technology, while retaining the China Star fuel vehicle series, creating four distinct brands to cover diverse markets [2] - The company plans to accelerate the launch of new products in the second half of the year, focusing on fair and high-quality development amidst market challenges [2] Group 3 - Several new models from Geely are anticipated in the second half of 2025, including the Galaxy A7, Galaxy M9, and Galaxy Xingyao 6, which are expected to set benchmarks in their respective segments [3] - The Zeekr 9X, based on the Haohan-S architecture, is also expected to launch in the third quarter, representing Geely's new flagship technology [3]