Core Viewpoint - The upcoming launch of the super electric hybrid pickup by Geely Radar is expected to lead the new energy pickup market with its advanced plug-in hybrid technology [2][5]. Industry Insights - The market for new energy pickups is seen as a "blue ocean" opportunity, with significant structural growth potential due to the rapid increase in pickup exports and the transition from traditional fuel pickups to new energy variants [2][3]. - New energy pickup sales experienced a remarkable year-on-year growth of 180% in Q1, with March alone seeing a 220% increase [3]. - The market share of pure electric pickups in the domestic market is 4.6%, while plug-in hybrid pickups account for 1.7% [3]. Technological Developments - Plug-in hybrid pickups are recognized for their three main technical advantages: cost-effectiveness for short trips, dual-system performance meeting high power demands, and the ability to provide high-power external electricity for outdoor activities [3][6]. - Geely Radar's super electric hybrid pickup features the industry's first 3-DHT configuration hybrid system, achieving a thermal efficiency of 44.26% and a fuel consumption reduction of approximately 21% compared to traditional fuel pickups [6]. Company Strategy - Geely Radar is committed to a long-term strategy of "technology + scenario," utilizing both pure electric and hybrid technologies to drive innovation and performance [5]. - The super electric hybrid pickup has undergone extensive testing, including over 1,000 powertrain system tests and 40 million kilometers of durability testing, equivalent to more than 1,000 laps around the Earth [5][6]. - With a market share of 63.2% in the new energy pickup segment, Geely Radar is positioned as a leader in the industry, enhancing its product lineup and solidifying its market position [6].