Group 1 - Geely Auto Holdings Limited will enter the Italian market for the first time with its namesake brand, planning to launch two SUV models in the fourth quarter, marking an acceleration of Chinese automakers' expansion in Europe [1] - The two SUV models to be launched are the fully electric EX5 and a super hybrid plug-in hybrid model, in collaboration with Saudi dealer Jameel Motors [1] - Despite the growth trend in Italy's electric vehicle market, the penetration rate remains low, with pure electric vehicles accounting for only 6% of the market share as of June, indicating significant growth potential [1] Group 2 - Chinese automakers, led by BYD, have rapidly grown in the European electric vehicle market, focusing on pure electric and hybrid models, while Geely's presence has been relatively lagging [2] - Geely's entry into the Italian market is a crucial step in catching up with competitors and establishing a foothold in the European electric vehicle market [2] - According to JATO Dynamics, Chinese automakers registered 65,808 new vehicles last month, capturing 5.9% of the total sales in the region, more than doubling their market share from 2.9% in the same period of 2024 [2][3]