Core Insights - The 2025 Qilu Autumn Auto Show was held from September 4 to 8 at the Shandong International Convention and Exhibition Center, featuring various awards including the Annual Glory Brand Award and Best Partner Award [1] Group 1: Event Highlights - The Qilu Auto Show recognized the Lynk & Co 900 as the Most Attention-Grabbing Model Award [2] - Lynk & Co 900 is positioned as a "smart and versatile flagship six-seat SUV" targeting the 300,000 to 400,000 RMB market, emphasizing "space, intelligence, performance, and safety" [4] - The vehicle has received strong market response since its launch in April, with over 30,000 units delivered [4] Group 2: Technological Features - Lynk & Co 900 is built on the SPA Evo architecture, incorporating 864 cutting-edge technologies for enhanced safety, space, performance, and intelligence [4] - The vehicle features the LYNK Flyme Auto intelligent cockpit system powered by Qualcomm Snapdragon 8295 chips, establishing a leading computational capability in the industry [4] - It includes a comprehensive intelligent safety assistance system with features like city NOA and highway NOA, supported by advanced sensors and NVIDIA DRIVE AGX chips [4] Group 3: Brand Engagement - Lynk & Co's exhibition space at the auto show was 600 square meters, designed to resonate with younger consumers and strengthen emotional connections with the brand [5]

Core Viewpoint - Geely is focusing on an "All in One" AI cockpit strategy, integrating a unified AI OS architecture, AI Agent, and user ID to create a smart space for autonomous collaboration between people, vehicles, and the environment [1][2]. Group 1: AI Cockpit Development - Geely will no longer develop traditional smart cockpits without AI capabilities, emphasizing the transition to AI-driven solutions [1]. - The new AI cockpit operating system, Flyme Auto 2, will first be implemented in the Lynk & Co 10 EM-P and Geely Galaxy M9 models [1][5]. - The AI cockpit is part of Geely's broader AI technology system, which includes intelligent driving, power, and chassis domains [1]. Group 2: Unified AI Ecosystem - The cockpit development system of Geely, Lynk & Co, and Zeekr is being integrated under the "One Geely, One Cockpit" principle, utilizing a common AI OS architecture [2]. - Flyme Auto and Zeekr OS are built on the same AI OS architecture but are tailored for different user needs in terms of interaction design [2]. - The AI Agent ecosystem combines cognitive and action capabilities, allowing the AI cockpit to provide proactive services [5]. Group 3: AI Capabilities and Infrastructure - Geely's AI capabilities include the ultra-human emotional AI agent Eva, which integrates various AI models for enhanced emotional interaction and task execution [2][6]. - The cloud and vehicle sides of the AI cockpit are interconnected, with Geely's Starry Center 2.0 achieving a computational power of 23.5 EFLOPS and the AI Box featuring 200 TOPS of NPU computing power [3]. - The native software architecture of the AI cockpit allows for hardware-software decoupling and a shift from application-centric to intelligent agent-centric design [3].

Group 1 - Geely has launched a new AI cockpit operating system called Flyme Auto 2, which will first be installed in the Lynk & Co 10 EM-P and Geely Galaxy M9 [2] - The company introduced Eva, the world's first large-scale deployable hyper-personalized emotional intelligent agent, which will be initially featured in the Geely Galaxy M9 [4] - Geely aims to create a unified AI OS architecture and user ID across its brands, promoting an "All in One" AI cockpit that enables autonomous collaboration between humans, vehicles, and the environment [4] Group 2 - The launch of the AI cockpit is considered strategically significant for Geely and the automotive industry, showcasing the economic benefits of platform integration and ecological collaboration [5] - Eva represents a paradigm shift from passive response to active care, transforming the nature of automotive products from consumer goods to emotional companion intelligent terminals [5] - This development may redefine the technical standards for smart cockpits in the industry and accelerate competitors' efforts in AI-native architecture development, pushing the entire sector towards an AI-driven embodied intelligence era [5]

Core Viewpoint - The 2025 World Artificial Intelligence Conference (WAIC 2025) showcased over 3,000 cutting-edge exhibits from more than 800 companies, highlighting advancements in AI technology, particularly in smart vehicles, with Geely's "Smart Egg Cabin" receiving the highest honor [1] Group 1: Geely's AI Strategy - Geely is not just an automotive company but one of the earliest adopters of AI technology in the industry, emphasizing the importance of user safety in the application of AI in vehicles [3][5] - The company has established a comprehensive "full-domain AI" technology system, becoming the only automaker globally to achieve such a layout, leveraging advantages like early deployment and rapid development [5][7] - Geely's "Smart Geely 2025" strategy aims to lead in electric intelligence by creating a robust technological foundation through big data, satellite networks, and AI ecosystems [5][7] Group 2: Technological Infrastructure - Geely has built a leading technological foundation comprising computing power, algorithms, and data, forming the "Smart Car Computing Alliance" with partners, achieving a total computing power of 23.5 EFLOPS [7] - The company has developed the world's first full-scenario AI model system for the automotive industry, including language, multi-modal, and digital twin models, and has accumulated 10 terabytes of token data and 40 billion automotive-specific data points [7][8] - Geely's "AI+" technology system includes various innovations in intelligent driving, power systems, chassis, and architecture, all of which are now in mass production [8] Group 3: Collaborative Innovations - At WAIC 2025, Geely and partners introduced the next-generation intelligent cockpit Agent OS, which features advanced multi-modal interaction capabilities [10][11] - The collaboration with partners like Jiyue Star and Qianli Technology has led to significant advancements in multi-modal models and intelligent driving systems, enhancing the overall automotive experience [8][10] - Geely aims to evolve from a traditional car manufacturer to a leading robotics company, integrating AI deeply into its vehicles and services [11][13] Group 4: Industry Transformation - The automotive industry is transitioning from mere transportation to becoming intelligent entities, necessitating a shift in automotive companies towards technology-driven organizations [13] - The integration of AI and electric vehicles positions Chinese companies at the forefront of global innovation, with Geely's approach exemplifying a strategic move towards becoming a leader in the AI era [13]

Core Viewpoint - Geely Automobile has signed a merger agreement with Zeekr, aiming to enhance its global competitiveness and growth in the smart electric vehicle sector through full control of Zeekr [1][2] Group 1: Merger Details - Geely will acquire all issued shares of Zeekr, achieving complete control, with Zeekr set to delist from the NYSE [1] - The merger allows Zeekr shareholders to choose between cash exit or exchanging for Geely shares, providing flexibility for short-term liquidity and long-term value [1] - Geely's offer of $2.687 per Zeekr share represents an 18.9% premium over the last closing price, reflecting Geely's recognition of Zeekr's value [2] Group 2: Strategic Integration - The merger aligns with Geely's "Taizhou Declaration," focusing on deep resource integration and efficiency improvement across its business segments [1][2] - The integration aims to eliminate resource dispersion and internal competition among Geely's multiple brands, enhancing overall operational efficiency [3] Group 3: Synergy and Competitive Advantage - The merger will enable Geely to cover various powertrain forms, including fuel, pure electric, plug-in hybrid, and hydrogen electric, significantly boosting its competitiveness in the smart electric vehicle market [5] - The integration is expected to release synergies that enhance both short-term cost optimization and long-term technological innovation [5] - Geely's global manufacturing network combined with Zeekr's technology will facilitate entry into key markets like Europe and Southeast Asia, enhancing its high-end product export capabilities [6]

Core Viewpoint - Geely Holding Group has released the "Taizhou Declaration," which outlines a strategic consensus aimed at enhancing competitiveness through five key initiatives: strategic focus, integration, collaboration, stability, and talent development [1] Group 1: Financial Performance - In the first quarter of 2025, Geely's revenue reached 72.5 billion yuan, a year-on-year increase of 25% [1] - The net profit attributable to shareholders was 5.67 billion yuan, showing a significant year-on-year growth of 264% [1] - The gross profit totaled 11.4 billion yuan, with a gross margin of 15.8% [1] Group 2: Sales Performance - Geely sold 703,800 new vehicles in the first quarter, marking a 48% year-on-year increase and achieving 26% of its annual sales target of 2.71 million vehicles [2] - The Galaxy brand sold nearly 260,000 units in the first quarter, up 21.4% year-on-year, while Lynk & Co sold over 72,000 units, a 19% increase [4] - The total sales of the three major brands in the first quarter reached 339,000 units, with 52% being new energy vehicles [4] Group 3: Strategic Initiatives - Geely aims to accelerate its transition to new energy vehicles starting in 2025, targeting sales of 1.5 million new energy passenger cars annually [2] - The company plans to acquire all issued shares of Zeekr, leading to a complete merger with Geely, enhancing market competitiveness through brand collaboration [8] - Geely's "Smart Geely 2025" strategy is entering its final year, focusing on enhancing product competitiveness through technological collaboration [10] Group 4: Technological Advancements - Geely has made significant upgrades in battery technology and intelligent systems, launching the "Shen Dun Jin Zhuang" battery brand and various high-performance battery products [5] - The "Qian Li Hao Han" intelligent safety driving system has been introduced, featuring five different levels of solutions to meet diverse user needs [7] - The company is committed to reducing carbon emissions by 18% per vehicle lifecycle by 2024 compared to the 2020 baseline [8]

Core Viewpoint - Geely Auto is accelerating the implementation of its "One Geely" strategy, achieving significant growth in revenue, net profit, and vehicle sales in the first quarter of 2025 [2][6]. Financial Performance - In Q1 2025, Geely Auto reported revenue of 72.5 billion yuan, a year-on-year increase of 25% [2]. - The net profit attributable to shareholders reached 5.67 billion yuan, up 264% year-on-year, indicating a substantial improvement in profitability [2]. - The total gross profit for Q1 was 11.4 billion yuan, with a gross margin of 15.8%, an increase of 0.2 percentage points compared to the same period last year [4]. Sales Performance - Geely Auto achieved a record sales volume of 704,000 vehicles in Q1 2025, a 48% increase year-on-year, completing 26% of its annual sales target of 2.71 million vehicles [2]. - The sales of new energy vehicles (NEVs) reached 339,000 units in Q1, with a domestic penetration rate exceeding 50%, placing Geely among the top tier of NEV brands [2]. Product Development - The Geely Galaxy series has been upgraded to a brand, with Q1 sales nearing 260,000 units, a 214% increase year-on-year [3]. - The Lynk & Co brand sold over 72,000 vehicles in Q1, a 19% increase, with NEV sales accounting for 52% of total sales [4]. - Zeekr brand's sales exceeded 40,000 units in Q1, a 25% increase, with new models launched to enhance competitiveness [4]. Strategic Initiatives - Geely Auto plans to acquire all issued shares of Zeekr, aiming for a complete merger to enhance market competitiveness and operational efficiency [6]. - Management restructuring is underway, with key appointments to strengthen leadership and operational management [7][8]. - The company aims to launch nine new NEV models in 2025, targeting a total sales goal of 2.71 million vehicles, including 1.5 million NEVs [8].

Core Viewpoint - Geely is undergoing a significant management restructuring and integration process to unify its operations under the "One Geely" strategy, aiming to enhance competitiveness in a challenging market environment [1][3][4]. Management Restructuring - Li Donghui has been appointed as Vice Chairman of Geely Holding Group, while An Conghui becomes CEO of Geely Holding Group, maintaining his role as CEO of Zeekr Technology Group until the merger is complete [1] - Gui Shengyue continues as CEO of Geely Automobile Holdings, and Gan Jiayue will serve as CEO of the merged Geely Automobile Group, which will include Geely Galaxy and Zeekr Technology business units [1] - Dai Qing has been appointed as rotating president of Geely Holding Group to cultivate young, versatile senior management talent [1] Integration Strategy - The integration aims to consolidate resources and eliminate the fragmented brand image of Geely, which is essential for success in a competitive market [3][4] - A shareholder meeting showed overwhelming support for the integration, with 99.99% voting in favor, indicating strong shareholder confidence in the strategy [3] Challenges in Integration - The integration process has faced challenges, particularly in efficiency and communication costs, as it involves two independent listed companies requiring board approvals for many actions [8][9] - There are inconsistencies in employee incentive mechanisms between Geely and Zeekr, leading to potential conflicts of interest during the integration [9] Financial Performance - Zeekr reported a significant reduction in net losses, down over 60% year-on-year, with a total revenue of 22 billion yuan in Q1 2025, marking a 16.1% increase in vehicle sales revenue [10] - Geely's Q1 2025 revenue reached 72.5 billion yuan, a 25% increase year-on-year, with a net profit of 5.67 billion yuan, up 264% [11] - The combined efforts of the integration are expected to save tens of billions in R&D and procurement costs annually, with management and marketing expenses also projected to decrease significantly [11] Strategic Focus - Geely is advancing its platform strategy, unifying its intelligent driving systems under a single organizational structure to meet diverse customer needs [12][13] - The company aims to enhance brand differentiation, with Zeekr positioned as a luxury brand, Lynk as trendy and sporty, Galaxy as a mainstream electric brand, and China Star focusing on energy-efficient vehicles [13][14] Future Outlook - Geely's strategic initiatives, including the "Two Horizontals and Seven Verticals" framework, will continue to drive organizational integration and efficiency improvements [14] - The overarching goal of these efforts is to enhance profitability and ensure sustainable development for the company [14]

Core Insights - The core strategy of Geely Holding is focused on synergy and integration, aiming for significant cost savings in R&D and procurement, as well as a reduction in management and marketing expenses [2] - The recent acquisition of Zeekr by Geely has garnered strong support from shareholders, indicating a high level of confidence in the company's strategic adjustments [2][3] Financial Performance - In Q1 2025, Geely achieved total revenue of 72.5 billion yuan, a year-on-year increase of 25%, with net profit attributable to shareholders reaching 5.67 billion yuan, up 264% [2] - The total sales volume reached 704,000 units, representing a 48% increase year-on-year, significantly outperforming the industry average [2] - Sales of new energy vehicles (NEVs) were particularly strong, with cumulative sales of 339,000 units from the Galaxy, Zeekr, and Lynk & Co brands, marking a 135% increase [2] Brand Performance - The Galaxy series has entered a rapid growth phase, with Q1 sales nearing 260,000 units, a 214% increase year-on-year [3] - Zeekr achieved total sales of 114,000 units, with a 16.1% increase in vehicle sales revenue and a gross margin of 16.5% [3] - Lynk & Co's Q1 sales reached 73,000 units, a 19% increase, with strong market response to the Lynk 900 model [3] Technological Advancements - Geely is increasing its investment in the new energy sector, having integrated its battery business into a new entity to enhance technological competitiveness [3] - The launch of the "Qianli Haohan" intelligent safety driving system marks a significant advancement in AI and autonomous driving capabilities [5] Global Expansion - In Q1 2025, Geely exported approximately 90,000 vehicles, expanding its global sales network to 86 countries with over 900 service points [5] - The establishment of local production facilities in Egypt, Indonesia, and Vietnam is part of Geely's strategy to enhance brand recognition and reduce trade risks [6] Strategic Integration - The acquisition of Zeekr is a key move in Geely's strategic integration, expected to enhance R&D, management, and marketing efficiency by 15% to 20% [7] - The integration aims to optimize resource allocation across R&D, supply chain, and sales, thereby improving operational efficiency in a rapidly changing market [7]

Core Viewpoint - The launch of the Geely Galaxy Starry 8 marks a significant step for Geely in the mid-to-high-end electric hybrid vehicle market, aiming to enhance brand momentum and explore new market growth points [1][2]. Group 1: Product Launch and Pricing - The Geely Galaxy Starry 8 has been officially launched with a market guidance price ranging from 125,800 to 165,800 yuan, and a limited-time launch price of 115,800 to 155,800 yuan for orders completed by June 30, 2025 [1]. - The vehicle is available in five versions featuring the extreme performance Thunder EM-P and three versions focusing on extreme energy efficiency Thunder EM-i, all equipped with advanced intelligent safety driving assistance [1]. Group 2: Sales Performance - As of April 30, 2025, cumulative sales of the Geely Galaxy series have exceeded 930,000 units, with over 356,000 units sold from January to April 2025 alone [2]. Group 3: Safety and Structural Design - The Geely Galaxy Starry 8 is built on a native luxury electric hybrid architecture, incorporating advanced safety features such as a star-shaped cage body, hot-formed boron steel door rings, and a comprehensive battery safety system, leading the industry in safety performance [3]. Group 4: Comfort and Experience - The vehicle features "first-class cotton candy SPA seats" designed with a seven-layer structure, VIP electric executive seats in the second row, and various comfort features including ventilation, heating, and massage functions [5]. Group 5: Audio System - The Galaxy Starry 8 is equipped with a 23-speaker Flyme Sound system, delivering a maximum amplifier power of 2000 watts and a 7.1.4 surround sound layout, enhanced by AI tuning technology to simulate various acoustic environments [7]. Group 6: Powertrain and Efficiency - The vehicle is powered by a 1.5TD + DHT Evo hybrid powertrain, achieving a combined torque of 605 Nm and a 0-100 km/h acceleration time of 6.49 seconds, with a fuel consumption of 3.36 liters per 100 km and a real-world range exceeding 1600 km [9]. Group 7: Intelligent Driving Assistance - The Galaxy Starry 8 features the "Thousand Miles Vast" intelligent safety driving assistance system, capable of high-speed NOA navigation assistance and smart parking with a success rate of over 99% [11].