Core Insights - The 2025 World Intelligent Connected Vehicle Conference was held in Beijing, where Geely's chairman Li Shufu discussed new opportunities and pathways for the development of intelligent connected vehicles [1] Group 1: Geely's AI Achievements - Geely has made significant advancements in "full-domain AI," integrating AI technology into various automotive components, transitioning vehicles from "functional machines" to "intelligent life forms" [3] - Key AI technologies include the Flyme Auto2 AI cockpit system, Thunder God AI hybrid system, AI digital chassis, and AI intelligent architecture, all of which are now in mass production [3] - The Qianli Haohan safety assistance driving system, developed in collaboration with Qianli Technology, features the industry's largest hardware and software bandwidth and is a Level 3 intelligent driving solution [3] Group 2: "Heaven and Earth Integration" Strategy - Geely's "Heaven and Earth Integration" strategy aims to create a comprehensive technology ecosystem that combines smart vehicles, intelligent roads, and robust cloud services [4] - The Geely satellite constellation, with 64 operational satellites, represents a significant achievement in China's private commercial space sector, enabling large-scale applications [4] - Geely's subsidiary, Cao Cao Travel, will utilize the satellite constellation for real-time communication services, enhancing emergency response capabilities [4] Group 3: Low-altitude Travel Developments - Geely's Wo Fei Chang Kong has emerged as a leading player in the low-altitude travel sector, with its AE200 aircraft marking a milestone in the development of large manned vertical take-off and landing vehicles [5] - The AE200 is designed to meet diverse travel needs, including intercity travel, airport shuttles, scenic tours, and emergency rescue, with orders covering key economic regions [5] Group 4: Strategic Insights for Intelligent Connected Vehicles - Geely emphasizes the importance of user value and safety in the development of intelligent connected vehicles, ensuring that technology addresses real user pain points [6] - The company advocates for self-research in technology while promoting open collaboration within the industry to accelerate overall progress [6] - Geely calls for the establishment of unified standards and norms in the intelligent connected vehicle sector to facilitate cross-industry integration [6] - The company stresses the need to respect manufacturing principles and industry regulations, viewing the evolution of intelligent connected vehicles as a transformation of the manufacturing sector [6] Group 5: Future Outlook - The wave of intelligent connectivity is reshaping the automotive industry, with China positioned as a key market and innovation hub in this transformation [7] - Geely aims to seize opportunities for collaboration and mutual benefit in the evolving automotive landscape [7]

Core Insights - Geely's sales are experiencing significant growth, with total sales reaching 2.953 million units in the first three quarters of 2025, a year-on-year increase of 29%, and electric vehicle sales reaching 1.591 million units, up 68% [1][3] - The company is expanding its ecosystem beyond automobiles, focusing on a comprehensive "land, air, and space" transportation network [2][8] Sales Performance - In Q3, Geely's sales surpassed 1 million units for the first time, totaling 1.021 million units, a 28% increase year-on-year, with electric vehicle sales of 588,000 units, up 59% [3] - The passenger vehicle segment showed remarkable performance, with Geely Auto Holdings Limited achieving sales of 2.17 million units, a 46% increase, and electric vehicle sales of 1.168 million units, up 114% [3] - New product launches, including the Lynk & Co 900 and Geely Galaxy M9, have contributed to high-value model sales, with the Zeekr 9X quickly becoming a market star [3] Global Market Expansion - Geely's overseas sales reached nearly 300,000 units in the first three quarters, with increasing exports of electric vehicles [3] - Volvo Cars, a subsidiary of Geely, sold 514,000 units globally, with electric vehicle sales of 227,000 units, achieving a 44% penetration rate [3] Stock Market Performance - Geely's strong sales performance has led to a steady recovery in its stock price, which has increased by over 50% year-to-date [4] - The company announced a share buyback plan of up to HKD 2.3 billion, reflecting confidence in its long-term development prospects [4] AI and Technology Integration - Geely aims to become a technology company with strong manufacturing capabilities by integrating AI technology into its operations [5][6] - The "Smart Geely 2025" strategy focuses on building a "smart technology ecosystem" using advanced technologies such as AI, big data, and low-orbit satellites [6] - Geely has established the "Smart Car Computing Alliance" to enhance its computing power, achieving a total computing capacity of 23.5 EFLOPS [7] Ecosystem Development - Geely is developing a satellite constellation for global commercial use, with 64 satellites deployed, enabling real-time data communication [8][9] - The company is also venturing into the flying car market, with its subsidiary WoFei ChangKong making progress in the eVTOL sector, having secured 1,000 commercial orders for its AE200 model [9]

Group 1 - The core point of the news is that Geely Galaxy announced the pre-sale of its new mid-size sedan, Galaxy Xingyao 6, which will start on September 26, featuring the new generation Raytheon AI Electric Hybrid 2.0 technology [1] Group 2 - The vehicle adopts a new design language with a shield-shaped front grille adorned with straight chrome strips and elongated front headlights [3] - The rear features a贯穿式 tail light group, enhancing the vehicle's recognition [3] - The interior follows the Galaxy family style, equipped with a flat-bottom dual-spoke multifunction steering wheel, a liquid crystal instrument panel, and a large suspended central control screen [3] Group 3 - The vehicle is equipped with Flyme Auto smart cockpit and supports HUAWEI HiCar and Carlink connectivity features [3] - It utilizes a self-developed 7nm Long Eagle No.1 automotive-grade chip for the vehicle's system [3] Group 4 - In terms of intelligent driving assistance, it features the Qianli Haohan H3 advanced driving assistance system, which includes 3 millimeter-wave radars, 11 internal and external cameras, 12 ultrasonic radars, and 128 Tops computing power [3] Group 5 - The new generation Raytheon EM-i super hybrid system has a maximum engine power of 82 kW [3] - It is equipped with a 17 kWh large-capacity battery pack, providing a pure electric range of up to 125 km [3]

Core Insights - The World Artificial Intelligence Conference (WAIC 2025) showcased Geely's advancements in the "full-domain AI" sector, highlighting a shift in the automotive industry from mechanical hardware to intelligent terminals [1] - Geely's Galaxy M9 SUV introduced a groundbreaking "emotional interaction" AI system, marking a significant evolution in in-car communication from mere command-response to human-like emotional engagement [2] - Geely's strategic partnership with Leap Motor and Qianli Technology has established a comprehensive "AI + vehicle" innovation model, enhancing the industry's collaborative capabilities [3][5] Technology and Product Development - Geely's "Intelligent Geely 2025" strategy emphasizes a robust technological foundation centered on high computing power, big data, and large models, positioning it as a leader in the automotive sector [3][4] - The "Xingrui Smart Computing Center 2.0" boasts a comprehensive computing power of 23.5 EFLOPS, making it the top performer among Chinese automotive companies [4] - The integration of Geely's AI models with Leap Motor's multimodal models has created a dual advantage in general capabilities and automotive-specific applications [4] Market Position and Competitive Advantage - Geely's full-stack approach to AI technology has created a unique ecological barrier in the competitive landscape, allowing for rapid iteration from demand to development to implementation [5] - The company's focus on "embodied intelligence" positions it as a frontrunner in transforming traditional automotive manufacturing into intelligent mobility services [6][7] - Geely aims to evolve its vehicles into "robotic nodes" that can autonomously handle complex scenarios, enhancing user experience and operational efficiency [7]

Core Insights - Geely Auto has adopted the "Return to a Unified Geely" strategy, leading to strategic integration and organizational adjustments, resulting in a stronger company [1] - The company reported a sales volume of 1.409 million units in the first half of the year, a year-on-year increase of 47%, and raised its annual sales target to 3 million units [1][3] - Geely's stock price has increased nearly threefold since its low in 2024, reflecting strong market recognition [1] Financial Performance - In the first half of 2025, Geely's revenue surpassed 150 billion yuan, reaching 150.3 billion yuan, a 27% year-on-year increase [1] - The net profit attributable to shareholders was 9.29 billion yuan, with core net profit reaching 6.66 billion yuan, a 102% increase year-on-year [1][4] - The core net profit per vehicle reached 4,724 yuan, a 37% increase, indicating improved profitability [3][4] Sales and Market Position - Geely ranked among the top three in sales among domestic listed car manufacturers, with the fastest growth rate [3] - The company achieved significant growth in new energy vehicle sales, totaling 725,151 units, a 126% year-on-year increase, while fuel vehicle sales grew by 8% [3][4] - Geely's strategy of focusing on quality rather than price competition has proven effective, as evidenced by its ability to raise annual sales targets post-sales announcement [3][7] Strategic Initiatives - Geely is focusing on product quality, technological innovation, and a commitment to value over price competition, which is expected to enhance its competitive edge [9][10] - The company plans to launch several new models in the second half of the year, including the Galaxy M9 and Lynk & Co EM-P, expanding its product matrix [9][10] - Geely's cash reserves have increased to 58.8 billion yuan, providing the company with the financial flexibility to invest in technology and expand globally [12] Industry Context - Geely's performance stands out in a challenging automotive market where many multinational companies are experiencing declines [7] - The company is benefiting from favorable policies in the new energy vehicle sector, which are expected to improve competition and profitability in the long term [9] - Geely's strategic focus on quality and innovation positions it well for future growth, with expectations of continued strong sales performance [12][13]

Core Viewpoint - Geely Auto has demonstrated strong financial performance in the first half of the year, achieving record highs in various operational metrics despite industry challenges [1][2]. Financial Performance - Geely Auto reported a revenue of 150.3 billion yuan, a year-on-year increase of 27%, marking a historical high [1]. - The net profit attributable to shareholders reached 9.29 billion yuan, with core net profit at 6.66 billion yuan, reflecting a 102% year-on-year growth [1]. - Total cash reserves increased to 58.8 billion yuan, providing robust support for long-term development [1]. Market Growth - The company sold 1.4092 million vehicles in the first half, a 47% increase year-on-year [2]. - In the new energy vehicle sector, sales surged to 725,200 units, a 126% increase, with a penetration rate of 51% [2]. - The Galaxy series, now an independent brand, saw sales of 548,000 units, a 232% increase [2]. Product Strategy - Geely Auto is maintaining a dual approach by strengthening its traditional fuel vehicle base, with fuel vehicle sales reaching 684,000 units, an 8% increase [3]. - The company has raised its annual sales target from 2.71 million to 3 million units, an 11% upward adjustment [3]. - Geely is focusing on technological advancements, having developed three core technology IPs in intelligent driving, power systems, and battery technology [3]. Technological Innovation - By 2025, Geely plans to launch the industry's first "full-domain AI" technology system, enhancing its competitive edge [4]. - The company has established a computing power of 23.5 EFLOPS and a comprehensive AI model for all scenarios [4]. - Geely emphasizes healthy competition over price wars, focusing on value, technology, quality, service, and brand integrity [4]. Future Outlook - Geely Auto will launch several new intelligent hybrid products in the second half of the year, including models from the Zeekr and Lynk & Co brands [5]. - The "One Geely" strategy aims to enhance synergies among its brands, targeting a comprehensive product matrix to achieve the annual sales goal [5].

Core Viewpoint - The Chinese automotive market is undergoing a significant transformation, with most companies trapped in a price war, while Geely Auto stands out by adopting a differentiated approach focused on innovation and value creation [2][3][20]. Financial Performance - Geely Auto reported total revenue of 150.3 billion, a historical high with a year-on-year increase of 27% - Core net profit reached 6.66 billion, up 102% year-on-year - Total sales reached 1.4092 million units, a 47% increase year-on-year, achieving a market share of over 10% for the first time [2]. Strategic Positioning - Geely Auto firmly opposes the trend of "involution" in the industry, emphasizing long-termism and sustainable growth over short-term sales targets [3]. - The company is committed to a value-driven competition strategy, focusing on technology, quality, service, and ethical business practices [3][20]. Technological Innovation - Geely has made significant advancements in AI technology, establishing a comprehensive AI layout in the automotive sector, including the deployment of the Xingrui AI model and a powerful computing center [6]. - The company has developed industry-leading safety features and systems, achieving high safety ratings in global assessments [9][12]. Product Development and Market Strategy - Geely's product strategy is user-centric, with a diverse product matrix that includes high-end fuel vehicles and a growing range of electric models [16][17]. - The company has seen substantial growth in both traditional fuel vehicles and new energy vehicles, with a 126% year-on-year increase in new energy sales [16]. Global Expansion - Geely's global strategy has yielded results, with over 180,000 vehicles exported in the first half of 2025, and a 120% increase in new energy exports [19][20]. - The company emphasizes "technology export rather than simple product trade," aligning its global strategy with its domestic market approach [20]. Strategic Integration - Geely is implementing a strategic integration approach, consolidating its brands and technologies to enhance operational efficiency and reduce costs [14][15]. - The merger of Zeekr and Lynk & Co is expected to strengthen Geely's competitive position across various market segments [13].

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]

Core Viewpoint - Geely Galaxy A7 officially launched on August 8, 2025, with a price range of 81,800 to 117,800 yuan, featuring advanced energy efficiency and spacious design, aiming to set a new benchmark for large space family sedans [1] Group 1: Product Launch and Features - The Galaxy A7 offers seven models with a starting price of 81,800 yuan, including an 8,000 yuan limited-time trade-in incentive [1] - The vehicle is equipped with the Thunder AI Hybrid 2.0 system, achieving a fuel consumption of 2.67L per 100km and a range exceeding 2,100 km, maintaining a leading position in energy efficiency [1] - With a wheelbase of 2,845mm, the Galaxy A7 provides spacious interior dimensions, surpassing competitors like the Qin L DMI [1] Group 2: Competitive Advantages - The Galaxy A7 features a 535L trunk and advanced intelligent cockpit system, Flyme Auto, enhancing user experience [1] - The vehicle's intelligent driving capabilities are supported by a sensor suite and Horizon J6 chip, delivering a computing power of 128 TOPS for advanced driving assistance [1] - The launch is expected to boost sales of the Galaxy series significantly due to its competitive features and pricing strategy [1] Group 3: Strategic Focus and Future Plans - Geely is focusing on electrification and intelligence, with plans to launch 10 new energy models in 2025, including five under the Geely brand [2] - The company aims to enhance its intelligent driving capabilities across all brands, with new models featuring advanced driving assistance systems [2] - The overall profitability of the company is expected to improve, with a projected net profit of 16.1 billion yuan for 2025, reflecting a PE ratio of 10.5X [2]

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].