Lyon: Reaffirming Geely's "highly confident of outperforming the market" rating, optimistic about the strong product line and progress according to plan.

Lyon released a report stating that Geely has recently launched the plug-in hybrid model Galaxy A7, enhancing its product line. Despite intensifying price competition, the bank remains optimistic about Geely's strong sales growth and profitability improvement. Reasons include the actual price reduction in this round of competition being milder than market expectations, approximately 1,000 to 2,000 yuan; the increased penetration rate of its new GEA platform and the addition of new energy vehicle sales mix should improve per-vehicle profitability; finally, it has a strong product line in the 2025 fiscal year. The bank reiterated its "highly confident to outperform the market" rating for Geely, with a target price of 23 Hong Kong dollars, bullish on the company's strong product line and planned progress.