Core Viewpoint - Geely Automobile reported a significant revenue increase of 27% year-on-year, reaching 150.3 billion in the first half of 2025, driven by deep integration of internal resources and innovation in smart technology [1] Group 1: Financial Performance - Total revenue for Geely Automobile in the first half of 2025 was 150.3 billion, marking a substantial growth of 27% compared to the previous year [1] Group 2: Technological Advancements - Geely launched the industry's first "Smart Car Full-Field AI" technology system, supported by computing power, algorithms, and data [1] - Key technological achievements include the mass production of the Thunder AI Hybrid 2.0, AI Digital Chassis, and AI Smart Architecture [1] - The company introduced the AI Agent OS at the World Artificial Intelligence Conference in July, aimed at creating the next generation of intelligent cockpits [1] - Geely's "Qianli Haohan" advanced driver assistance system is recognized as the only solution globally that achieves "full-field, all-direction, and all-time" perception without blind spots, and it has also entered mass production [1]

Investment Rating - The investment rating for Geely Automobile is "Buy" and is maintained [6]. Core Views - Geely Galaxy A7 was officially launched on August 8, 2025, with 7 models priced between 81,800 to 117,800 yuan, including an 8,000 yuan limited-time trade-in benefit. The new platform is expected to usher in a new era of products for Geely Automobile [2][4]. - The GEA architecture supports a new vehicle cycle, with brands such as Zeekr, Lynk & Co, and Galaxy showing positive trends. The transition to new energy vehicles is progressing smoothly, and the scale effect is gradually becoming apparent, which will bring upward profit elasticity. The company’s solid foundation in fuel vehicles and innovative overseas expansion modes through joint ventures continue to open new markets [6]. - The intelligent strategy is set to accelerate the enhancement of intelligent driving capabilities. The strong new vehicle cycle is expected to provide significant profit elasticity, with a projected net profit attributable to shareholders of 16.1 billion yuan in 2025, corresponding to a PE ratio of 10.5X [6]. Summary by Sections Event Description - The Geely Galaxy A7 features the Raytheon AI Hybrid 2.0 system, achieving a fuel consumption of 2.67L per 100 km and a range of over 2100 km. It boasts a spacious interior with a wheelbase of 2845mm, leading in energy consumption, space, intelligence, and safety among its peers [4][7]. Product Strategy - Geely is focusing on electric and intelligent advancements, with a strong new vehicle cycle expected to continue. In 2025, 10 new energy models are anticipated, including 5 new models and several facelifts under the Geely brand, alongside new releases from Zeekr and Lynk & Co [6][7].

Group 1 - Geely Galaxy A7 was officially launched on August 8, with a price range of 81,800 to 117,800 yuan, filling the gap in the mid-size car market for Geely Galaxy [2] - The A7 is built on the GEA intelligent new energy architecture and features advanced technologies such as the Thor AI hybrid 2.0, H3 assisted driving, and the new Galaxy Flyme Auto intelligent cockpit [2] - The A7 boasts impressive specifications, including a fuel consumption of 2.67L per 100km under CLTC conditions, a comprehensive range of over 2100 km, and a wheelbase of 2845 mm [2] Group 2 - Geely Galaxy has successfully launched multiple models in the sedan market, particularly excelling in the small and micro car segments, with the Star Wish and Panda ranking first and third respectively in their categories [3] - However, the Geely Galaxy has not yet made an appearance in the top 20 sales list for mid-size cars, prompting the launch of the A7 to address this market gap [4] - The mid-size car market has seen significant changes, with models like BYD Qin L and BYD Seal 06 gaining traction against traditional competitors such as Volkswagen Passat and Toyota Camry [4] Group 3 - The A7's main competitors are the BYD Qin L and BYD Seal 06, which are priced higher than the A7, with the latter's official prices ranging from 170,000 to 250,000 yuan [4] - The A7's advantages over its competitors include superior space and energy efficiency, with a larger wheelbase and lower fuel consumption compared to the BYD models [4][6] - The A7 features a rich intelligent ecosystem compatible with Huawei HiCar and Apple CarPlay, and its chassis is tuned by the Lotus team for enhanced comfort and handling [5] Group 4 - The A7 is expected to capture market share from the BYD Qin L and BYD Seal 06, but its ability to rank among the top sellers remains to be seen [6]

Core Viewpoint - The automotive industry is transitioning from a focus on single-point technological breakthroughs to an emphasis on ecological collaborative efficiency, with companies like Geely showcasing their AI strategies at the WAIC 2025 event [4][8]. Group 1: AI Development in Automotive Industry - Geely presented new models such as the Zeekr 9X and Galaxy M9, highlighting their "full-domain AI" technology system [4][5]. - The automotive intelligence is moving from the 1.0 stage of single-domain development to the 2.0 stage of cross-domain integration, as stated by Geely's Chief Intelligent Driving Scientist, Chen Qi [7][8]. - The integration of intelligent driving technology is becoming a core AI technology, enabling advancements in L3-level intelligent driving and other vehicle domains [8][9]. Group 2: Geely's AI Innovations - Geely's "Qianli Haohan" system is a unified intelligent safety assistance driving system developed through various AI technologies [6][9]. - The company has achieved the integration of AI agents into vehicles, with results including intelligent driving, AI hybrid power, digital chassis, and intelligent architecture [9]. - Geely aims to evolve AI from a mere execution tool to an intelligent assistant capable of handling complex tasks, with each vehicle serving as a connection point to a vast AI ecosystem [22][23]. Group 3: Embodied Intelligence and User Interaction - Tesla showcased its humanoid robot, indicating a shift towards embodied intelligence, which integrates AI into physical entities [11][13]. - The next-generation intelligent cockpit, Agent OS, was introduced, offering a more natural and emotional interaction experience [15][19]. - Agent OS utilizes multi-modal AI models to enhance user interaction, allowing for real-time understanding and emotional expression [18][19]. Group 4: Future AI Plans - Geely plans to implement L3-level technology architecture and AI training systems by Q4 2025, building on its "Smart Geely 2025" strategy [20][21]. - The company aims to create a robust technological foundation through advanced computing, big data, and satellite technology [20].

Group 1 - Geely Galaxy A7 has launched two new basic assisted driving versions: the 70km Luxury Edition priced at 97,800 yuan and the 150km Premium Edition priced at 113,800 yuan, with pre-sales starting at 97,800 yuan [2] - The vehicle features the latest Geely Raytheon AI Hybrid 2.0, which includes a hybrid engine with the highest thermal efficiency of 47.26% globally, and the industry's first AI scenario engine-based intelligent power domain system, "Starry AI Cloud Power 2.0" [2] - The Galaxy A7 boasts an impressive range of over 2100km in a full fuel and battery state, and achieves a fuel consumption of only 2.67L per 100km under CLTC conditions, addressing range anxiety for users [2] Group 2 - The Galaxy A7 is equipped with the new Galaxy Flyme Auto intelligent cockpit system, supported by a computing power of 23.5 EFLOPS from the Starry Intelligent Computing Center [3] - It features a new cockpit interaction intelligent system that supports voice blind operation, enhancing user interaction convenience [3] - The vehicle includes high-definition navigation from Amap, which offers visual lane guidance and traffic light predictions, ensuring accurate road condition forecasting [3]

Core Insights - Geely Automobile Holdings Limited reported a significant increase in June sales, with passenger vehicle sales reaching 236,036 units, a year-on-year growth of 42%, marking ten consecutive months of sales exceeding 200,000 units. Cumulatively, the group sold 1,409,180 units in the first half of the year, representing a 47% increase [1][4]. Financial Performance - In Q1 2025, the company achieved a revenue of 72.5 billion yuan, reflecting a 25% year-on-year increase. The net profit attributable to shareholders was 5.67 billion yuan, showing a remarkable growth of 264%. The gross profit margin improved significantly, reaching 15.8% with a total gross profit of 11.4 billion yuan [1][4]. Operational Efficiency - The strong sales performance is attributed to enhanced operational efficiency and profitability, allowing the company to invest more in research and development to improve product quality. Cost reductions through technological innovation and process optimization have also contributed to increased sales [4][6]. Strategic Initiatives - The improvement in operational efficiency and profitability is largely credited to the "Taizhou Declaration" strategy and the "Smart Geely 2025" initiative, which have enabled business integration across brands like Geely, Geely Galaxy, Lynk & Co, and Zeekr. These brands are focusing on user needs and clear brand positioning to compete effectively in the market [4][6]. AI and Technology Development - Geely has completed a comprehensive AI integration, enhancing its core competitiveness through advancements in intelligent driving technology and battery systems. The company recently launched the Starry AI Cloud Power 2.0 and the Thor AI Hybrid 2.0, which focus on energy efficiency, performance, and safety [6]. Sales Target Adjustment - Based on strong sales performance in the first half of the year, Geely has raised its annual sales target by approximately 11%, from 2.71 million to 3 million units, achieving a target completion rate of 47%. The Geely Galaxy brand aims to reach a sales target of 1 million units, with June sales reaching 90,222 units, a 202% increase [9]. Future Product Launches - In the second half of the year, Geely plans to launch six new electric vehicle models and will continue to focus on high-value innovative technologies in AI and automotive safety, aiming to create long-term value and promote sustainable development in the automotive industry [9].

Core Viewpoint - The Geely Galaxy A7, a new hybrid sedan, has been officially unveiled, featuring advanced technology and impressive fuel efficiency, set to launch in the domestic and Japanese markets in the third quarter of the year [1][3]. Group 1: Vehicle Specifications - The Geely Galaxy A7 is built on the GEA global intelligent new energy architecture and is the first plug-in hybrid sedan of its kind [1]. - It features a length of 4918 mm and a wheelbase of 2845 mm, providing ample rear legroom of 950 mm and knee space of 132 mm [5]. - The vehicle offers a total storage space of 28 compartments, with a trunk capacity of 535 liters, catering to the needs of multiple passengers and large cargo [5]. Group 2: Performance and Efficiency - The Galaxy A7 is equipped with the Thunder AI Electric Hybrid 2.0 engine, achieving a thermal efficiency of up to 47.26% [3]. - It boasts a fuel consumption of just 2.67 liters per 100 km under CLTC conditions and a maximum comprehensive range exceeding 2100 km [3]. - The vehicle can charge from 30% to 80% in just 18 minutes, alleviating concerns about range anxiety for users [3]. Group 3: Interior and Comfort Features - The interior design features a wrap-around cockpit with premium materials, including leather, wood grain, and matte metal finishes, enhancing the luxurious experience [7]. - The Galaxy Flyme Auto intelligent cockpit includes a computing power of 23.5 EFLOPS, voice-activated interaction, and advanced navigation features [7]. Group 4: Safety Features - The GEA architecture incorporates a separation design for oil, electricity, and smoke, ensuring inherent safety through positive isolation [9]. - The vehicle's battery safety system has undergone over 100 tests, demonstrating resilience against punctures, water exposure, drops, and high temperatures [9]. - Redundant power technology ensures that the P1 and P3 motors and the engine can back each other up, preventing loss of power and ensuring safety in emergencies [10].

Group 1 - The core viewpoint is that leading automotive companies are intensively expanding into the traditional mainstream sedan market amidst increasing competition, with several new models launched since April 2023 [2] - The sedan market is seen as a battleground for automakers due to its large base and the rising penetration of new energy vehicles, with domestic brands leveraging technological advantages in intelligence and electrification [2] - In May 2023, the sales of new energy passenger vehicles in China reached 965,000 units, with sedan sales accounting for approximately 458,000 units, reflecting a year-on-year growth of 17.4% [2] Group 2 - Geely's new hybrid sedan, the Geely Galaxy A7, is the first model built on the GEA global intelligent new energy architecture, featuring the Thunder AI Electric Hybrid 2.0 and the new Galaxy Flyme Auto intelligent cockpit system [3] - The Geely Galaxy A7 aims to be the "strongest mainstream sedan" and represents Geely Galaxy's acceleration towards brand elevation, with sales reaching 101,845 units in May 2023, a year-on-year increase of 273% [4] - Geely Galaxy has become the fastest new energy brand to achieve cumulative sales of over 1 million units within 24 months since the launch of its first product, the Geely Galaxy L7 [4]

Core Viewpoint - The Geely Galaxy A7, a new hybrid sedan, aims to redefine the family car market with its advanced design, energy efficiency, spaciousness, intelligence, and safety features, leveraging the GEA global intelligent new energy architecture [2][4][5]. Energy Efficiency - The Geely Galaxy A7 features the latest Thunder AI Hybrid 2.0, with a thermal efficiency of up to 47.26% and an AI-powered intelligent driving system, achieving a CLTC fuel consumption of 2.67L per 100km, with real-world tests showing as low as 2.35L [4][5]. Range and Charging - The vehicle boasts a comprehensive range exceeding 2100 km, with the ability to charge from 30% to 80% in just 18 minutes, alleviating range anxiety for users [5][7]. Space and Comfort - With a wheelbase of 2845 mm and a length of 4918 mm, the Galaxy A7 offers a spacious interior of 4.2 m², featuring rear legroom of 950 mm and knee space of 132 mm, providing a C-class experience in a B-class size [5][7]. Intelligent Features - The new Galaxy Flyme Auto intelligent cockpit system, powered by a computing capability of 23.5 EFLOPS, includes advanced interaction systems and navigation, enhancing the overall user experience [7]. Safety - The Galaxy A7 incorporates a separation design for oil, electricity, and smoke, ensuring safety, along with a robust battery safety system that has passed over 100 extreme condition tests. It features redundant power technology and a high-strength chassis for enhanced safety [7]. Market Launch - The Geely Galaxy A7 is set to begin a "2L Global Challenge" for fuel consumption testing in China and Japan, with an official market launch planned for the third quarter [7].

Core Insights - Geely Galaxy A7, the first plug-in hybrid sedan based on the GEA global intelligent new energy architecture, was officially unveiled on June 19, showcasing significant advancements in energy consumption, space, intelligence, and safety [1][3]. Energy Efficiency - The Geely Galaxy A7 features the newly launched Thunder AI Electric Hybrid 2.0, which includes an engine with the highest thermal efficiency of 47.26% in the industry. Under CLTC conditions, the vehicle achieves a fuel consumption of only 2.67L per 100km, with real-world tests showing as low as 2.35L per 100km. It boasts a comprehensive range exceeding 2100km and can charge from 30% to 80% in just 18 minutes [1][2]. Space and Comfort - The vehicle has a wheelbase of 2845mm and a length of 4918mm, providing the largest interior space in its class at 4.2m². The rear legroom reaches 950mm, with knee space being the largest at 132mm. It features the only ultra-comfortable 10-layer cotton candy SPA seats in its class, along with a unique 14-point SPA-level acupressure massage system. The total storage space includes 28 compartments and a trunk capacity of 535L, the largest in its class [2]. Intelligent Features - The Geely Galaxy A7 is equipped with the new Galaxy Flyme Auto intelligent cockpit system, powered by a computing capability of 23.5 EFLOPS. It includes a voice control system, visual lane guidance, and navigation features, along with comprehensive vehicle connectivity options [2]. Safety Performance - The vehicle incorporates a unique oil, electricity, and smoke separation design, ensuring original safety through electric and fuel isolation. The Shen Shield battery safety system has passed over 100 extreme scenario tests, demonstrating superior safety performance. It also features power redundancy technology, ensuring that the vehicle does not stall due to power loss, supported by a high-strength "cage" body structure [3]. Market Launch - The Geely Galaxy A7 is set to begin a "2L Global Challenge" fuel consumption test series in China and Japan, with plans for market release in the third quarter [3].