香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED 未經審核之二零二五年十二月銷量及 - 1 - 除上述所披露的銷量外，寶騰於二零二五年十二月實現汽車銷量15,291部，較去年同期增 長約34%。此外，二零二五年全年 ，寶騰累計實現 汽車銷量162,601部，較去年同期 增長 約7%。 董事會已將本集團二零二六年的銷量目標定為 3,450,000部，較二零二五年所實現 的總銷 量增長約 14% 。其中，吉利品牌 的銷量目標 為2,750,000部，極氪品牌 的銷量目標 為 300,000部，領克品牌的銷量目標為400,000部。此外，新能源汽車 的銷量目標為2,220,000 部，較二零二五年所實現的新能源汽车銷量增長約32%。 敬請注意，本公佈所披露的數 據為未經審核數字，尚未經本公司核數師確認， 相關數據 或會作出調整，並有待最終確認。 股東及潛在投資者 應於本集團刊發財務業績後， 審慎 ...

华创证券指出，极氪私有化完成后，吉利对极氪、领克的持股由约65%、82%均增至100%，预计可增厚 2026年净利润20-30亿元。同时，极氪的私有化完成进一步增进公司吉利、银河、领克、极氪四大品牌 的一体化整合，有望借助协同效应实现降本增效。 智通财经APP获悉，吉利汽车(00175)午后涨超3%，截至发稿，涨3.09%，报18.04港元，成交额7.05亿港 元。 消息面上，12月22日，吉利汽车发布公告，宣布完成极氪私有化幷于纽交所退市，极氪将成为公司的全 资附属公司。合并后，公司汽车业务在研发、营销、采购等方面将进一步整合，极氪研发投入将降低 10%至20%，BOM成本将降低5%至8%，产能利用率提升3%至5%，费用将降低10%至20%。 ...

Summary of Key Points Core Viewpoint - The automotive industry, particularly Geely and its brands, has shown significant growth in sales figures compared to the previous year, indicating a strong market performance and increasing demand for electric and hybrid vehicles [1]. Group 1: Sales Performance - Geely's total sales for the month reached 310,428 units, a 24% increase from 250,136 units in the same month last year [1]. - Year-to-date sales for Geely totaled 2,787,750 units, reflecting a 42% increase compared to 1,966,512 units during the same period last year [1]. Group 2: Brand-Specific Performance - The Galaxy model saw a remarkable 76% increase in monthly sales, reaching 132,652 units compared to 75,228 units last year [1]. - Lynk & Co. recorded a 7% increase in monthly sales, totaling 35,059 units, up from 32,679 units in the previous year [1]. Group 3: Electric and Hybrid Vehicle Sales - Sales of Battery Electric Vehicles (BEVs) increased by 12% month-over-month, totaling 102,602 units compared to 91,333 units last year [1]. - Plug-in Hybrid Electric Vehicles (PHEVs) experienced a substantial 174% increase in monthly sales, reaching 85,196 units compared to 31,120 units last year [1]. Group 4: Export Performance - Exports of vehicles amounted to 42,091 units, marking a 22% increase from 34,447 units in the same month last year [1].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED 未經審核之二零二五年十一月銷量 承董事會命 吉利汽車控股有限公司 公司秘書 張頌仁 香港，二零二五年十二月一日 敬請注意，本公佈所披露的數 據為未經審核數字，尚未經本公司核數師確認， 相關數據 或會作出調整，並有待最終確認。 股東及潛在投資者 應於本集團刊發財務業績後， 審慎 閱讀相關財務資料。 吉利汽車控股有限公司(「本公司」，連同其附屬公司統稱為「本集團」）董事會欣然宣佈， 本集團於二零二五年十一月的汽車總銷量為310,428部，較去年同期增長約24%。詳細如下： | 品牌 | 本月 | 去年同期 | 同比變動 | 今年累計 | 去年同期累計 | 同比變動 (%) | | --- | --- | --- | --- | --- | --- | --- | | | （部） | （部） | (%) | （部） | （部） | | | 吉利 | ...

Core Insights - Geely Group has established Zeekr Vehicle Research Institute and Lynk & Co Vehicle Research Institute, indicating a return to independent brand operations for Zeekr after its integration into Geely's system [1] - Geely has developed a multi-brand vehicle research and development system that includes Zeekr, Lynk & Co, Galaxy, and China Star, each focusing on distinct market segments [1] Brand Positioning - Zeekr focuses on "luxury, extreme, and technology" [1] - Lynk & Co continues to emphasize "trendy, sporty, and individuality" [1] - Galaxy targets the mainstream new energy market [1] - China Star is dedicated to the intelligent and energy-efficient upgrade of fuel vehicles [1] Corporate Developments - Geely Automobile Holdings Ltd. held a special shareholders' meeting where independent shareholders approved the privatization proposal for Zeekr Technology Co., Ltd. with a 95.14% majority [1] - Geely executives indicated that the "big merger" between Geely and Zeekr is expected to be completed by the end of this year [1]

Summary of Key Points Core Viewpoint - Geely Automobile reported a significant increase in August sales, with total vehicle sales reaching 250,167 units, representing a year-on-year growth of approximately 38% [1]. Sales Performance - Total sales for Geely in August were 205,324 units, up 46% from 140,686 units in the same month last year [3]. - Cumulative sales for the year reached 1,563,151 units, a 57% increase compared to 996,401 units during the same period last year [3]. - The Galaxy model saw remarkable growth, with sales of 110,666 units in August, a 173% increase from 40,598 units year-on-year [3]. - Lynk & Co brand sales increased by 21% to 27,217 units in August, with cumulative sales of 208,570 units, up 23% year-on-year [3]. Electric Vehicle Sales - Sales of Battery Electric Vehicles (BEVs) reached 93,362 units in August, marking a 98% increase from 47,042 units in the same month last year [3]. - Cumulative BEV sales for the year totaled 694,208 units, a 162% increase compared to 264,947 units last year [3]. - Plug-in Hybrid Electric Vehicles (PHEVs) sales also saw significant growth, with 53,985 units sold in August, a 90% increase from 28,442 units year-on-year [3]. - Year-to-date PHEV sales reached 308,414 units, up 63% from 189,773 units last year [3].

Core Viewpoint - Geely Automobile has shown impressive financial performance in Q1 2025, with revenue of 72.5 billion and a net profit of 2.28 billion, indicating significant growth in both revenue and profit compared to the previous year [1][2]. Financial Performance - In Q1 2025, Geely's revenue reached 72.5 billion, a year-on-year increase of 25% [1]. - The net profit, excluding other income of 35.9 billion, was 2.28 billion, reflecting a 134% year-on-year growth [1][2]. - The company delivered 704,000 vehicles in the quarter, marking a 47.6% increase year-on-year [1]. Market Position and Valuation - Despite strong performance, Geely's price-to-earnings ratio is below 10, and S&P has downgraded its rating to negative due to debt pressure and market competition [2]. - There is speculation that if Geely can challenge BYD's leading position in the new energy vehicle market, its market capitalization could reach 1 trillion, five times its current value [2]. Sales Performance - Geely's sales target for 2023 was 1.65 million vehicles, which was exceeded with actual sales of nearly 1.69 million [5]. - For 2024, the sales target was set at 1.9 million, which was later raised to 2 million, with actual sales reaching 2.18 million, a 29.1% increase [6]. - In the first five months of 2025, Geely's cumulative sales reached 1.173 million, a 48.6% increase year-on-year, representing 43.3% of the annual target [7][9]. New Energy Vehicle Strategy - Geely's new energy vehicle sales have seen significant growth, with a penetration rate approaching 50% by Q1 2025 [11][15]. - The company has adopted a "two-legged" approach, focusing on both pure electric and plug-in hybrid vehicles [16][20]. - In 2023, plug-in hybrid vehicle sales surged, accounting for 45.2% of Geely's new energy vehicle sales by Q4 [17]. Brand Development - Geely's premium brand, Zeekr, has faced challenges, with sales growth slowing in 2025 [30][31]. - The company has acquired a majority stake in Lynk & Co to bolster its market position [34]. - The newly launched Galaxy series has become a key driver of sales growth, contributing significantly to Geely's overall performance [41]. Conclusion - Geely's strong financial results and strategic positioning in the new energy vehicle market highlight its potential for future growth, despite facing challenges in market competition and brand performance [43][44].

Core Viewpoint - NIO is restructuring its organizational framework for the brands Ladao and Firefly, integrating them into the NIO system to enhance resource consolidation and management efficiency while maintaining brand independence [1][2] Group 1: Company Actions - NIO has established a new primary department for Ladao product design and development, incorporating various functions from the previous Ladao division [2] - The user service and experience cluster at NIO has also created a new primary department for Ladao user services, consolidating several operational and marketing functions [2] - The Firefly division will also be integrated into the product design and development cluster, indicating a shift towards streamlined operations while preserving brand identity [2] Group 2: Industry Trends - The automotive industry is witnessing a trend of brand integration as companies face increasing competition in the electric vehicle market, leading to a focus on cost reduction and efficiency [1][3] - Companies like Geely and Great Wall Motors are also engaging in brand consolidations, with Geely merging its Geometry brand into the Galaxy brand and Great Wall moving services to a unified app [3][4] - The pressure for profitability is driving automakers to reconsider their brand strategies, as managing multiple brands increases costs without proportional sales contributions [4][5] Group 3: Market Dynamics - The competitive landscape in the electric vehicle market is intensifying, prompting companies to adopt strategies that emphasize financial health and single-vehicle profitability [1][4] - The product development cycle in the automotive industry has been significantly reduced from 36 months to 18 months, necessitating faster and more efficient responses to market demands [5]