Ge Long Hui·2025-09-17 02:57Core Viewpoint - Geely Automobile benefits from its internal combustion engine (ICE) and new energy vehicle (NEV) strategies, which may mitigate potential risks from electric vehicle subsidy policies [1] Group 1: Market Positioning - The company maintains a target price of HKD 23 and a "high conviction outperform" rating [1] - Geely is expected to achieve a market share of over 29% in the new energy vehicle segment this year, with export volumes reaching 420,000 units [1] Group 2: Growth Prospects - The company is entering new markets in Latin America and Europe while launching more new energy models overseas, which supports confidence in achieving its targets [1] - Monthly sales of the Geely Galaxy are projected to exceed 150,000 units, with overall sales expected to surpass the target of 3 million units for the year, and internal combustion engine sales anticipated to reach at least 1 million units [1]