Core Insights - Geely is undergoing a significant internal restructuring of its intelligent driving business, merging various teams and companies into a single entity called Chongqing Qianli Intelligent Driving [3][4][6] - The restructuring aligns with Geely's "One Geely" strategy, aiming to streamline operations and enhance efficiency as the company targets a sales goal of 5 million vehicles by 2027 [4][14][16] Company Restructuring - The merger involves the integration of the Zeekr intelligent driving team, Geely Research Institute, and the intelligent driving brand "Maichizhi Xing" under Qianli Technology, which was established in June 2023 [3][6][10] - The new company will have a combined workforce of nearly 3,000 employees from the merging teams, with the integration process expected to be completed by August 15 [6][7][11] Strategic Goals - Geely aims for a sales target of 2.71 million vehicles in 2025, with a focus on achieving a 55% penetration rate in new energy vehicles, equating to 1.5 million units [14][15] - The company has set a long-term goal to exceed 5 million annual vehicle sales by 2027, emphasizing strategic integration over expansion [14][15][16] Industry Context - The intelligent driving sector is experiencing a shift in business models, with a convergence of technology routes driven by competitive pricing in the automotive market [14] - Geely's restructuring is part of a broader trend in the industry to reduce redundancy and improve resource utilization amid changing market dynamics [14][15]

Core Viewpoint - Geely Holding Group's CEO, Li Donghui, stated that the complete merger of Geely Auto and Zeekr is expected to save tens of billions in R&D expenses annually, along with significant savings in procurement and management costs [1] Group 1: Cost Savings - The merger is projected to save over tens of billions in R&D expenses each year [1] - Initial attempts in joint procurement have resulted in additional savings of tens of billions beyond the original budget [1] Group 2: Management Efficiency - Significant improvements are anticipated in human resources, finance, and legal departments due to the merger [1]