吉利汽车：Solid 1H24 earnings, better NEV outlook

22 Aug 2024 CMB International Global Markets | Equity Research | Company Update Geely Automobile (175 HK) Solid 1H24 earnings, better NEV outlook Maintain BUY. Geely's 1H24 core earnings beat our prior forecast by 18% even with a lower R&D capitalization ratio. We are of the view that the Galaxy E5 BEV based on the GEA platform could be a sales volume driver with better margins than previous Galaxy models. Zeekr's plan to roll out hybrid models could also make it more competitive. We also think Geely's curr ...