吉利汽车丨2月：新能源持续亮眼 智能化加速布局【民生汽车 崔琰团队】

Group 1 - The company reported a total wholesale sales volume of 205,000 units in February, representing a year-on-year increase of 83.9% and a month-on-month decrease of 23.2%. Cumulative sales for January-February reached 472,000 units, up 45.2% year-on-year. The new energy vehicle (NEV) sales in February were 98,433 units, a year-on-year increase of 193.8% and a month-on-month decrease of 18.7%, with a penetration rate of 48.0% [1][2] - The company plans to launch five new NEV models, including two SUVs and three sedans, to strengthen its position in the market segment priced below 200,000 yuan, aiming for a sales target of 1 million units by 2025 [1][2] - The establishment of Zeekr Technology Group, following the acquisition of a 51% stake in Lynk & Co, aims to enhance strategic focus and operational efficiency by integrating internal resources and reducing conflicts [2] Group 2 - The company announced a deep integration with DeepSeek's AI model to optimize its smart vehicle control and interaction systems, with plans to release a comprehensive AI strategy in early March [3] - Revenue projections for 2024-2026 are estimated at 224.78 billion, 289.69 billion, and 338.83 billion yuan, respectively, with net profits expected to be 16.42 billion, 14.10 billion, and 17.45 billion yuan [4] - The company maintains a "recommended" rating, with expected earnings per share (EPS) of 1.63, 1.40, and 1.73 yuan for the years 2024-2026, corresponding to price-to-earnings (P/E) ratios of 10, 12, and 9 times [4]