Zhitong Finance APP learned that Guosen Securities released a research report saying that Geely Automobile (00175) "overweight" rating is maintained, and the profit forecast remains unchanged. It is expected that the net profit in 2023/2024/2025 will be 47/69/104 billion yuan. Geely Automobile is a car company that is good at late-mover. The era of new energy vehicles has arrived. Geely has actively transformed. It has successively launched heavy new products or new technologies such as geometric brand, extreme krypton brand, SEA vast architecture, and Raytheon hybrid. In the continuous efforts of trial and error, the complete set of underlying technologies and channel ecology have been improved. The transformation attitude is firm and the development path is clear. In 2023, Geely/extreme krypton/Lingke/Ruilan brands plan to launch 5/2/2/1 new cars respectively.
The report said that on September 16, 2023, Geely Galaxy’s new generation of intelligent hybrid sedan L6 was officially launched. The new car launched a total of 5 models, namely 60km pure electric battery life AIR version, 60km pure electric battery life PLUS version, 125km pure electric battery life PLUS version, 125km pure electric battery life MAX version and 125km pure electric battery life Starship version, the price range is 11.58-14 9,800 yuan. In terms of smart cockpit, Geely Galaxy L6 is combined with a full-stack self-developed full-scene AI model for the first time. The whole system is equipped with Qualcomm Snapdragon 8155 chip as standard, equipped with Galaxy NOS system, and matched with the standard 13.2-inch touch high definition central control vertical screen and 10.25-inch all-digital LCD instrument. At the same time, the car is equipped with external pickup microphones and speakers to realize innovative voice interaction outside the car. At the same time, it integrates functions such as induction unlocking, non-inductive start, and remote OTA upgrade. In terms of intelligent driving, Geely Galaxy L6 supports AEB automatic emergency braking, LKA lane keeping, and ICC intelligent pilotage system. The MAX version and the Starship version will be upgraded to "Galaxy Butler Sentinel Mode" through OTA at the end of the year, and the low power consumption will guard the body
The bank said that after the launch of Geely Galaxy L7 on May 31, 2023, the sales volume continued to rise. In July and August, the sales volume exceeded 10,000 in a row. In August, the sales volume reached 11,117 units, an increase of more than 10% compared with the previous month. The cumulative sales volume reached 30,848 units in the three months of listing. The release of Geely Galaxy L6 adopts a family language design similar to the L7 style, which further enriches the product matrix of the Galaxy series. It is a heavy product in the compact car market of the Galaxy series layout. The starting price of 115,800 yuan is also more sincere and cost-effective. At present, Geely has formed a comprehensive brand layout of Galaxy focusing on 10-200,000 mass market, Lynk & Co focusing on 20-300,000 mid-to-high-end market, and JK focusing on the intelligent high-end market above 300,000, covering a wide range of sub-segments, and the overall brand is fully new. The bank believes that Galaxy L7 has become another popular model after JK 001, which opened the prelude to Geely’s strong cycle. In the second half of the year, the company’s Galaxy series products launched powerful new products such as L6 (A-class plug-in hybrid car) and E8 (pure electric car). The JK brand launched the sedan JK 001FR, which promoted Geely Automobile’s new energy transformation to the next stage.