GEELY AUTO(HK:00175) 第一财经·2025-10-11 11:14Core Viewpoint - 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 the A0 electric vehicle segment [3][4]. Summary by Sections New Model Launch - Geely's Xingyuan has launched its 2026 model, maintaining a price range of 68,800 to 98,800 yuan, with a promotional price of 65,800 to 95,800 yuan. The new model features two versions with ranges of 310 km and 410 km, and includes standard configurations such as CATL battery cells and an intelligent cockpit system [3][4]. Market Trends - The A0 electric vehicle segment is experiencing rapid growth, with the penetration rate of new energy vehicles in the A0 market rising from 68.5% last year to 71.5% in the first eight months of this year, and exceeding 74% in August [3][4]. Sales Performance - Since its launch in October last year, Geely's Xingyuan has seen a significant increase in sales, with over 46,000 units sold in August alone and nearly 240,000 units sold in the past six months, making it the best-selling vehicle across all categories [4][5]. Competitive Landscape - The influx of competitors into the A0 electric vehicle market is intensifying, with new models such as Wuling's Bingguo S and MG's MG4 entering the market, both offering competitive pricing and superior range compared to Geely's Xingyuan [4][5]. Market Dynamics - In the A0 electric vehicle segment, the key competitive factors are product cost-effectiveness rather than brand loyalty or emotional value, indicating that the market competition is far from reaching a conclusion [5].