Core Viewpoint - The article highlights the participation of Geely Holding Group in the COP30 conference, showcasing its commitment to carbon neutrality and sustainable practices in the automotive industry [1][9]. Group 1: Participation in COP30 - Geely Holding Group attended the COP30 conference in Belém, Brazil, representing China and demonstrating its carbon neutrality achievements [1]. - The conference involved over 190 countries discussing greenhouse gas reduction and climate change [1]. Group 2: Green Manufacturing Initiatives - Geely has integrated green principles throughout its manufacturing processes, establishing a smart manufacturing system that includes "green factories," "waste-free factories," and "zero-carbon factories" [3]. - The company has created 17 national-level green factories, 11 waste-free factories, and 5 zero-carbon factories, with 6 vehicle bases using 100% renewable electricity [3]. Group 3: Energy Management and Material Recycling - Geely developed the EMS 2.0 energy management platform, utilizing IoT and AI for dynamic energy monitoring across 9 manufacturing bases [5]. - The company promotes the use of recycled materials, achieving a vehicle recyclability rate of over 96.6% and reducing annual solid waste by 18,000 tons through its supplier system [5]. Group 4: Technological Innovations and Collaborations - Geely completed the first phase of the "Geely Constellation" satellite network, providing global IoT communication services [6]. - A joint venture with Renault, named Haosi Power, focuses on efficient power solutions, with an annual production capacity of 5 million powertrains [7]. Group 5: Biodiversity and Sustainability Reporting - Geely released its "Nature and Biodiversity Report," becoming the first Chinese automotive company to publish such a report, reflecting its commitment to biodiversity and sustainable development [9]. - The report aligns with international frameworks, showcasing Geely's transparency and responsibility in addressing environmental impacts [9].

Group 1 - Geely Holding Group reported total vehicle sales of 2,953,452 units in the first three quarters, a year-on-year increase of 29% [1] - New energy vehicle sales reached 1,590,866 units, growing by 68%, with a penetration rate of 54%, marking record highs for both total and new energy vehicle sales [1] - In Q3 alone, total sales were 1,020,913 units, up 28%, while new energy vehicle sales were 588,110 units, up 59%, with a penetration rate of 58% [1] Group 2 - Geely Auto Holdings sold 2,170,189 vehicles in the first three quarters, a 46% increase year-on-year, with new energy vehicle sales (including Geely Galaxy, Lynk & Co, and Zeekr) totaling 1,167,823 units, up 114% [1] - By brand, Geely Galaxy sold 875,000 units, a 206% increase; Lynk & Co exceeded 240,000 units, up 24%; and Zeekr sold over 140,000 units [1] - New product launches, including Lynk & Co 900, Geely Galaxy M9, and Zeekr 9X, have driven brand premiumization [1] Group 3 - Geely's overseas export sales approached 300,000 units in the first three quarters, with new energy exports increasing [2] - In September, Geely's new energy overseas sales reached 14,631 units, accounting for 36% of total exports [2] - Geely has expanded its international presence with new market entries in the UK, Australia, and the UAE [2] Group 4 - Geely continues to integrate its automotive business, signing a merger agreement with Zeekr on July 15, marking a significant step towards the "One Geely" strategy [3] - On October 6, Geely announced a share repurchase plan of up to HKD 2.3 billion, reflecting positive expectations for business fundamentals and future growth potential [3] - Geely has become the title sponsor for the 2025-2026 Hangzhou Marathon, showcasing its commitment to local production and brand visibility [3]

Core Insights - Geely Holding Group reported a total sales volume of 2.953 million vehicles in the first three quarters of 2023, representing a year-on-year increase of 29%, with new energy vehicle (NEV) sales reaching 1.591 million units, up 68% [1] - The company achieved a record quarterly sales volume of over 1 million vehicles in Q3 2023, with NEV sales of 588,000 units, marking a 59% year-on-year growth [1] - Geely's NEV penetration rate reached 54% in the first three quarters and 58% in Q3, indicating a strong momentum in electrification [1] Sales Performance - Geely Auto (0175.HK) sold 2.17 million vehicles in the first three quarters, a 46% increase year-on-year, with NEV sales totaling 1.168 million units, up 114% [1] - By brand, Geely Galaxy sold 875,000 units, a 206% increase; Lynk & Co exceeded 240,000 units, up 24%; and Zeekr sold over 140,000 units [1] - The fuel vehicle segment also performed well, with Geely's China Star selling over 910,000 units, a 5% increase year-on-year [1] Product Development - New products such as Lynk & Co 900, Geely Galaxy M9, and Zeekr 9X have been launched, becoming popular models in their respective segments and driving the brand's premiumization [1] - The launch of the new Dongfang Yao series further expands Geely's product lineup [1] Global Expansion - Geely's overseas export sales reached nearly 300,000 units in the first three quarters, with NEV exports increasing significantly [2] - In September, Geely's NEV overseas sales reached 14,631 units, accounting for 36% of total exports [2] - Geely has expanded its international presence with new market entries in the UK, Australia, and several European countries [2] Technological Advancements - Geely successfully launched the sixth satellite of its constellation, achieving global communication coverage for its satellite IoT services [2] - Several models, including Geely Galaxy Star 8 and Lynk & Co 900, are equipped with satellite communication technology, enhancing user experience in smart mobility [2] Corporate Strategy - Geely continues to integrate its automotive business, with a merger agreement signed between Geely Auto and Zeekr Smart Technology [3] - The company announced a share buyback plan of up to HKD 2.3 billion, reflecting confidence in its business fundamentals and growth potential [3]