Group 1: Company Developments - Geely Holding Group signed a cooperation agreement with Wuhan Economic Development Zone to expand investment in the region and produce multiple new models, including the Geely Galaxy [1] - The Geely Galaxy will be the first passenger vehicle produced by Geely in Hubei, contributing to the local new energy vehicle industry [1] - This marks Geely's sixth investment in Wuhan Economic Development Zone over the past eight years, with previous investments in key automotive enterprises and projects [1] Group 2: Industry Context - Hubei is a traditional automotive province in China, with the automotive industry projected to exceed 1 trillion yuan in revenue by 2024 [2] - The automotive industry in Hubei is undergoing a significant transformation, with a focus on new energy vehicles as a key development area [2] - In the first half of this year, Hubei's automotive production decreased from 753,500 units to 627,100 units, ranking 13th nationally, attributed to reliance on fuel vehicles [2][3] Group 3: Future Goals - Hubei aims to produce 1 million "Hubei-made" new energy vehicles annually by 2025, with over 300 companies in the new energy and intelligent connected vehicle sector already established [3] - Geely's new model project is expected to enhance supply chain cooperation and expand product offerings in Hubei, contributing to the region's strategic development [3]
城市24小时 | “外援”到位,汽车大省加固“万亿底盘”