Lates News

Lyon published a report stating that Geely recently launched a plug-in hybrid electric vehicle model (PHEV) Galaxy A7 to enhance its product line. Despite increased price competition, the bank remains optimistic about Geely's strong sales growth and profitability due to factors such as the actual price reduction in this round of competition being mild, around 1000 to 2000 yuan below market expectations; an increase in the penetration rate of its new GEA platform and the addition of new energy vehicles (NEV) in its sales portfolio should improve per vehicle profitability; and lastly, it has a strong product line for the fiscal year 2025. The bank reiterates its "highly confident of outperforming the market" rating on Geely with a target price of 23 Hong Kong dollars, expressing confidence in the company's strong product line and progress as planned.