GEELY AUTO(HK:00175) Di Yi Cai Jing·2025-10-11 09:07Core Insights - The Chinese automotive market is highly competitive, with no permanent winners, as evidenced by the rapid shift in sales leadership from Tesla's Model Y to Geely's Xingyuan in 2023 [1] - Geely's Xingyuan has launched its 2026 model at a price range of 68,800 to 98,800 yuan, maintaining the same pricing as the previous model while offering two versions with ranges of 310 km and 410 km [1] - The penetration rate of new energy vehicles (NEVs) in the A0 segment has increased from 68.5% last year to 71.5% in the first eight months of this year, with August seeing a rate exceeding 74% [1] Industry Trends - The A0 pure electric vehicle segment is experiencing rapid growth, with Geely's Xingyuan achieving retail sales of over 46,000 units in August and nearly 240,000 units in the past six months, making it the best-selling vehicle across all categories [2] - Competitors are entering the A0 electric vehicle market aggressively, with models like Wuling's Bingguo S and MG's MG4 offering competitive pricing and superior range compared to Geely's Xingyuan [2] - The core competitive advantage in the A0 electric vehicle segment is product cost-performance rather than brand loyalty or emotional value, indicating a highly price-sensitive market [3]