智通财经网·2025-09-17 09:03Core Viewpoint - Geely Automobile (00175) is expected to benefit from its internal combustion engine (ICE) and new energy vehicle (NEV) strategies, which may mitigate potential impacts from electric vehicle subsidy policies [1] Group 1: Market Positioning and Sales Forecast - The company maintains a target price of HKD 23 and a "high conviction outperform" rating [1] - Geely anticipates that its market share for new energy vehicles will exceed 29% this year, with export volume reaching 420,000 units [1] - The firm is entering new markets in Latin America and Europe while launching more NEV models overseas, which supports confidence in achieving its targets [1] Group 2: Sales Projections - Based on strong domestic and international prospects, Geely's Galaxy monthly sales are expected to exceed 150,000 units [1] - Overall sales for Geely this year are projected to surpass the target of 3 million units, with internal combustion engine sales expected to reach at least 1 million units [1]