GEELY AUTO(HK:00175) 3 6 Ke·2025-11-05 02:30Core Insights - In October, Geely's passenger car sales reached 307,100 units, marking a year-on-year increase of 35% and a month-on-month increase of 12%, maintaining a dual growth trend for eight consecutive months [1] - Geely's cumulative sales of new energy vehicles from January to October reached 1.345 million units, achieving 89% of its annual target of 1.5 million units [1] - Geely's Galaxy brand, launched this year, saw sales of 127,476 units in October, a year-on-year increase of 101%, contributing to a 58% share of new energy vehicles in Geely's total sales [1] Sales Performance - Geely's total sales in October were 307,100 units, with a year-on-year growth of 35% and a month-on-month growth of 12% [1] - The Galaxy brand achieved cumulative sales of 1,002,000 units in the first ten months, a year-on-year increase of 187%, surpassing its annual target ahead of schedule [1] New Energy Vehicle Strategy - The overall completion rate of sales targets for new energy vehicle companies is generally low, with most brands achieving less than 80% [1] - Geely's new energy vehicle sales accounted for 58% of its total sales, indicating a strong focus on this segment [1] International Expansion - Geely exported 41,000 vehicles in October, a year-on-year increase of 27.73%, marking the highest growth rate in a year [3] - The company aims to replicate its domestic success in overseas markets, having launched the Geely International EX5 in London, which is positioned as a competitive electric vehicle [3][4] - Geely plans to introduce 15 new models in the European market over the next five years and establish over 1,000 sales outlets [5] Efficiency and Cost Management - Geely is integrating resources across its brands, including Zeekr, Lynk & Co, and Galaxy, to enhance efficiency and reduce costs [6] - The company is leveraging external production capacity to minimize capital expenditures and avoid industry overcapacity risks [7] - Geely announced a share repurchase plan of HKD 2.3 billion to improve capital management efficiency [7]