汽车视点丨天上“星”、地上“车”、低空“飞” 销量爆发背后吉利布下什么棋局？

Core Insights - Geely's sales are experiencing significant growth, with total sales reaching 2.953 million units in the first three quarters of 2025, a year-on-year increase of 29%, and electric vehicle sales reaching 1.591 million units, up 68% [1][3] - The company is expanding its ecosystem beyond automobiles, focusing on a comprehensive "land, air, and space" transportation network [2][8] Sales Performance - In Q3, Geely's sales surpassed 1 million units for the first time, totaling 1.021 million units, a 28% increase year-on-year, with electric vehicle sales of 588,000 units, up 59% [3] - The passenger vehicle segment showed remarkable performance, with Geely Auto Holdings Limited achieving sales of 2.17 million units, a 46% increase, and electric vehicle sales of 1.168 million units, up 114% [3] - New product launches, including the Lynk & Co 900 and Geely Galaxy M9, have contributed to high-value model sales, with the Zeekr 9X quickly becoming a market star [3] Global Market Expansion - Geely's overseas sales reached nearly 300,000 units in the first three quarters, with increasing exports of electric vehicles [3] - Volvo Cars, a subsidiary of Geely, sold 514,000 units globally, with electric vehicle sales of 227,000 units, achieving a 44% penetration rate [3] Stock Market Performance - Geely's strong sales performance has led to a steady recovery in its stock price, which has increased by over 50% year-to-date [4] - The company announced a share buyback plan of up to HKD 2.3 billion, reflecting confidence in its long-term development prospects [4] AI and Technology Integration - Geely aims to become a technology company with strong manufacturing capabilities by integrating AI technology into its operations [5][6] - The "Smart Geely 2025" strategy focuses on building a "smart technology ecosystem" using advanced technologies such as AI, big data, and low-orbit satellites [6] - Geely has established the "Smart Car Computing Alliance" to enhance its computing power, achieving a total computing capacity of 23.5 EFLOPS [7] Ecosystem Development - Geely is developing a satellite constellation for global commercial use, with 64 satellites deployed, enabling real-time data communication [8][9] - The company is also venturing into the flying car market, with its subsidiary WoFei ChangKong making progress in the eVTOL sector, having secured 1,000 commercial orders for its AE200 model [9]