Core Viewpoint - Geely Auto has officially launched the fifth-generation Emgrand in Hangzhou, with a limited-time promotional price ranging from 65,900 to 82,900 yuan, and offers seven additional benefits for purchases made before November 30, 2025 [1] Pricing and Offers - The fifth-generation Emgrand is available in four configurations with promotional prices: 65,900 yuan for the base model, 70,900 yuan for the mid-range model, 78,900 yuan for the higher-end model, and 82,900 yuan for the top model [2] - Additional promotional offers include cash gifts, financial services, and extended warranties [2] Design and Aesthetics - The vehicle integrates Chinese cultural elements with modern technology, featuring a front design inspired by traditional concepts and a sleek body profile [3] - The car's dimensions are 4,815 mm in length, 1,885 mm in width, and 1,480 mm in height, with a wheelbase of 2,755 mm, providing ample interior space [5] Safety Features - The fifth-generation Emgrand employs a submarine-level cage body structure with 70% high-strength steel, achieving a torsional rigidity of 26,000 N.m/deg [6] - Advanced safety features include a high-strength steel anti-collision beam and energy-absorbing structures designed to protect the passenger cabin during collisions [6] Performance and Powertrain - The vehicle offers two powertrain options: a 1.5TD engine with 133 kW and 290 N.m torque, and a 1.5L engine with an 8CVT transmission [8] - The 1.5TD variant achieves a 0-100 km/h acceleration in 7.9 seconds and a fuel consumption of 5.95 L/100 km, balancing performance and efficiency [8] Technology and Connectivity - The fifth-generation Emgrand features the GEEA3.0 electronic architecture, supporting OTA upgrades and a Flyme Auto intelligent cockpit system with a 14.6-inch display [9] - It includes advanced voice recognition and seamless connectivity with multiple smartphone brands [9] Driver Assistance Systems - The vehicle incorporates an L2-level driver assistance system, enhancing safety with features like collision warning, automatic emergency braking, and lane-keeping assistance [11] - It also offers comprehensive parking assistance and high-speed driving capabilities, ensuring a safer driving experience [11] Market Positioning - The Emgrand family has achieved over 4 million sales, positioning itself as a leading Chinese sedan brand with a commitment to continuous innovation [12]

Core Insights - The A-class car segment is experiencing intensified competition, prompting automakers to increase investments significantly [2] - In October 2023, wholesale sales of A-class sedans reached 410,200 units, accounting for 34.94% of the total wholesale market share, with a cumulative total of 3,401,400 units from January to October 2025 [2] - Geely Auto is emerging as a leader in the A-class car segment, with cumulative sales of the Emgrand model exceeding 4 million units since its launch in 2009 [2] Company Developments - Geely Auto has announced the launch of the 5th generation Emgrand on November 18, 2023, with a starting price of 65,900 yuan after promotional policies [2] - The 5th generation Emgrand is built on the new BMA Evo global modular architecture, showcasing advancements in aesthetics, comfort, safety, driving experience, and intelligence [2][3] - The vehicle features a submarine-level cage body structure, with a high-strength steel ratio of 70%, a maximum tensile strength exceeding 1500 MPa, and a torsional rigidity of 26,000 N·m/deg [3] Technological Innovations - The 5th generation Emgrand is equipped with the Qianli Haohan H3 advanced driver-assistance system, integrating 26 high-precision sensors and a 128 TOPS computing chip for comprehensive intelligent driving capabilities [3] - The vehicle supports nationwide coverage for high-speed and urban driving assistance functions, enhancing the overall user experience in the A-class sedan market [3]

Core Viewpoint - Geely Auto launched the 5th generation Emgrand at a ceremony in Hangzhou, with prices ranging from 65,900 to 82,900 yuan, emphasizing advancements in design, comfort, safety, driving control, and intelligence [1] Design - The 5th generation Emgrand features a front face with 12 chrome vertical bars and LED headlights with a range of over 170 meters [3] - The vehicle's dimensions are 4815×1885×1480mm, with a wheelbase of 2755mm, providing an 85.1% space utilization rate [4] - It offers six exterior color options and a luxurious interior with a 14.6-inch HD screen and wireless fast charging capabilities [3][4] Space and Comfort - The vehicle includes 27 storage compartments, a trunk capacity of 610L, expandable to 1779L with rear seats folded [4] - The seating features an 8-layer composite structure for enhanced comfort, with noise reduction measures implemented throughout the vehicle [4] Safety - The car's body is constructed with 70% high-strength steel, achieving a torsional rigidity of 26,000 N·m/deg, and includes advanced collision energy absorption designs [6] - It is equipped with a 540° transparent chassis system to eliminate blind spots [6] Powertrain - The 5th generation Emgrand offers two engine combinations: a 1.5TD engine with 133kW power and a 1.5L engine with an 8CVT, achieving a fuel consumption as low as 5.95L/100km [6] - The vehicle boasts a braking distance of 36.3 meters and competitive performance in various driving tests [6] Intelligent Features - The car is built on the GEEA 3.0 electronic architecture, supporting OTA upgrades and featuring a smart cockpit system with a 14.6-inch display [8] - It includes advanced driver assistance systems covering various safety and convenience scenarios [8][9] Advanced Driving Assistance - The vehicle integrates 26 high-precision sensors and a powerful computing chip for comprehensive intelligent driving capabilities [9] - It supports nationwide coverage for highway and urban driving assistance, enhancing overall driving safety [9]

Core Viewpoint - The launch of the 5th generation Emgrand marks a significant advancement in the compact fuel vehicle segment, introducing high-level driving assistance systems and enhanced safety features at a competitive price range of 65,900 to 82,900 yuan [1][10]. Design and Features - The 5th generation Emgrand incorporates a high-level driving assistance system covering driving, parking, and safety, with features like AEB emergency braking and the unique AES active emergency avoidance function [3][9]. - The vehicle's exterior design includes a luxurious front with 12 chrome vertical bars and LED headlights with a range exceeding 170 meters, enhancing nighttime visibility [3]. - The interior features a large soft-touch surface, a crystal gear lever, a 14.6-inch HD screen, and a 50W wireless fast charging system, showcasing a significant upgrade in quality [4]. Dimensions and Space - The vehicle dimensions are 4815mm x 1885mm x 1480mm, with a wheelbase of 2755mm, providing a spacious cabin with an 85.1% highest space utilization rate in its class [4]. - The rear seat area offers ample headroom and legroom, accommodating three passengers comfortably [4]. Storage and Safety - The vehicle includes 27 storage compartments, a 610L trunk capacity, expandable to 1779L with rear seats folded, and features a low loading height for convenience [6]. - The body structure utilizes high-strength steel, achieving a 70% high-strength steel ratio, ensuring safety during collisions with advanced energy absorption designs [6]. Powertrain and Performance - The 5th generation Emgrand offers two powertrain options: a 1.5TD engine with 133kW power and 290N·m torque, achieving 0-100 km/h in 7.9 seconds and a fuel consumption of 5.95L/100km, and a 1.5L engine with an 8CVT for urban commuting [6][10]. Technology and Connectivity - The vehicle is equipped with GEEA 3.0 electronic architecture supporting OTA upgrades and features the Flyme Auto intelligent cockpit system [7]. - It supports seamless connectivity with multiple brands, breaking down barriers for device interconnectivity [7]. Advanced Driving Assistance - The 5th generation Emgrand introduces L2-level driving assistance systems to the 60,000 yuan market, enhancing safety and convenience with various protective and control features [9]. - It includes a comprehensive suite of sensors and high computing power for intelligent driving capabilities, covering all driving scenarios [9][10].

Core Viewpoint - The launch of the 5th generation Emgrand marks a significant milestone for Geely, making it the first and only Chinese brand to complete a five-generation evolution in the sedan market [1] Group 1: Product Features - The 5th generation Emgrand offers four configurations with a limited-time price range of 65,900 to 82,900 yuan, along with seven promotional gifts for purchases made before November 30, 2025 [3] - It introduces advanced driver assistance systems, including AEB emergency braking and AES active emergency avoidance, providing a high level of safety comparable to premium brands [3] - The vehicle is built on the new BMA Evo global modular architecture, emphasizing a comprehensive reconstruction of technology in fuel vehicles through hardware, systems, ecology, and AI [3][7] Group 2: Performance and Specifications - The 5th generation Emgrand features two powertrain options: a 1.5TD engine paired with a 7DCT transmission and a 1.5L engine with an 8CVT, catering to both performance and comfort needs [3] - The 1.5TD engine delivers a maximum power of 133 kW and a peak torque of 290 N·m, achieving a 0-100 km/h acceleration in 7.9 seconds and a fuel consumption as low as 5.95 L per 100 km [3] Group 3: Design and Comfort - The vehicle's design incorporates Eastern aesthetics, featuring unique front, headlight, side, and rear designs, along with a luxurious interior that includes a 14.6-inch high-definition screen and a 50W wireless fast charging system [5] - It offers a spacious interior with 27 storage compartments and optimized noise reduction features, enhancing overall comfort for passengers [7] Group 4: Market Impact - The Emgrand family has achieved cumulative sales of over 4 million units in 16 years, with the 5th generation poised to redefine user experience in the A-class sedan market and initiate a new era of value for Chinese sedans [9]

Core Viewpoint - Geely Auto has unveiled the exterior images of the 5th generation Emgrand, showcasing a more pronounced sporty design with the new Geely 4.0 family design language [1] Design Features - The front features a newly designed grille with 12 vertical slats, flanked by sharp three-segment LED daytime running lights and headlight clusters [3] - The side profile includes a high waistline extending from the front to the rear, traditional door handles, and a slightly raised ducktail design to enhance the sporty feel [3] Dimensions - The 5th generation Emgrand measures 4815mm in length, 1885mm in width, and 1480mm in height, with a wheelbase of 2755mm, representing a comprehensive improvement over the current model [3] Rear Design - The rear does not feature the popular through-type taillights but instead has elongated LED tail lights with over 300 meters of penetration capability, significantly enhancing driving safety in rainy or foggy conditions [5] Powertrain - The vehicle is equipped with a 1.5T engine, delivering a maximum power of 133kW and a peak torque of 290N·m, paired with a 7-speed wet dual-clutch transmission [5]

Core Viewpoint - The company is expected to experience significant profit growth driven by the release of new models and strategic integration, with net profit forecasts for 2025-2027 adjusted upwards due to anticipated strong performance in the second half of 2025 [1][2] Group 1: Financial Performance - The company raised its 2025 annual sales target to 3 million units, supported by the platform-based cost advantages and the introduction of popular models [2] - In Q2 2025, the company reported revenue of 77.8 billion RMB, a year-on-year increase of 28%, primarily driven by a 47% increase in quarterly deliveries to 705,000 units [1] - The net profit for Q2 2025 reached 3.62 billion RMB, with core net profit estimated between 2.44 billion and 2.65 billion RMB, reflecting a year-on-year growth of approximately 42%-55% [1] Group 2: Product and Market Strategy - The upcoming launch of several new models, including the fifth-generation Emgrand and Galaxy A7, is expected to enhance delivery growth, with the Galaxy A7 already achieving over 30,000 pre-orders since its launch [2] - The company is focusing on smart upgrades and a clear product matrix through Zeekr Technology, targeting the luxury market with new models like the Zeekr 9X and Lynk & Co 10 EM-P [2] - The global expansion strategy aims for a more than 30% increase in export sales in the second half of 2025, supported by strategic integrations and operational efficiencies [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][11]. Core Insights - The company is expected to experience high growth driven by the release of potential new vehicles and strategic integration, which will facilitate profit release from the second half of 2025 onwards [6][7]. - The net profit forecasts for 2025-2027 have been adjusted upwards to 156.6 billion, 179.7 billion, and 215.7 billion RMB, respectively, corresponding to EPS of 1.7, 1.9, and 2.2 RMB [6]. - The company has raised its annual sales target for 2025 to 3 million vehicles, supported by the platform-based cost advantages and the launch of several new models [7]. Financial Summary and Valuation Metrics - Revenue for 2023 is projected at 179.204 billion RMB, with a year-on-year growth of 21.1%. By 2025, revenue is expected to reach 330.103 billion RMB, reflecting a growth rate of 37.4% [7]. - The net profit for 2023 is estimated at 5.308 billion RMB, with a significant increase of 213.3% in 2024, followed by a slight decrease of 5.9% in 2025 [7]. - The gross margin is expected to improve from 15.3% in 2023 to 17.1% by 2027, while the net margin is projected to rise from 3.0% to 5.4% over the same period [7].