Core Viewpoint - Geely Automobile Holdings Limited reported strong sales growth in November, with a 24% year-on-year increase in passenger car sales, continuing a trend of growth for nine consecutive months [1]. Sales Performance - In November, Geely's passenger car sales reached 310,428 units, marking a 24% year-on-year increase [1]. - Cumulative sales for the first 11 months of the year reached 2,787,750 units, a 42% increase year-on-year, achieving 93% of the annual sales target [1]. - The company reported third-quarter revenue of 89.2 billion yuan, up 27% year-on-year, and a core net profit attributable to shareholders of 3.96 billion yuan, a 19% increase [1]. New Energy Vehicles (NEVs) - In November, NEV sales (including Geely, Lynk & Co, and Zeekr brands) reached 187,798 units, a 53% year-on-year increase, with a monthly NEV penetration rate of 60.5% [1]. - Cumulative NEV sales for the first 11 months reached 1,533,503 units, a 97% increase year-on-year [1]. Brand Performance - The Galaxy brand sold 132,652 units in November, a 76% year-on-year increase, with cumulative sales of 1.135 million units for the first 11 months, up 167% [1]. - The Zeekr brand sold 28,843 units in November, a 35% month-on-month increase, with an average selling price of 538,000 yuan [4]. - Lynk & Co sold 35,059 units in November, a 7% year-on-year increase, with 75% of sales coming from NEV models [6]. Export and Global Expansion - Geely's overseas exports in November reached 42,091 units, a 22% year-on-year increase, with nearly 380,000 units exported in the first 11 months [8]. - In Latin America, Geely launched the Star Wish in Brazil and signed a strategic cooperation agreement with Renault Group to invest approximately 5.1 billion yuan for local NEV production [8]. - Geely entered the South African market with plans to establish a dealer network and expand into Kazakhstan and Italy [8]. Product Development - The company is set to enhance its product structure and technical safety assurance system with the launch of multiple new models and the opening of a global safety center with an investment exceeding 2 billion yuan [9].