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GAH Futures(JAN5) News
According to "The Great Action", CICC: Geely (00175.HK) has exceeded its annual sales target, and the sales guidance for 2025 is optimistic.
CICC released a report indicating that Geely Automobiles (00175.HK) has experienced strong growth in Electric Vehicles and export sales, exceeding sales targets last year. According to the company's announcement, this year’s sales target is set at 2.71 million vehicles, representing a 25% year-on-year increase. Among them, the sales targets for the Geely brand, Lynk & Co brand, and ZEEKR brand are 2 million, 0.39 million, and 0.32 million respectively, with year-on-year increases of 20%, 37%, and 45%. The sales target for Electric Vehicles is 1.5 million, reflecting a 69% year-on-year increase, with the expectation that Galaxy sales will reach about 900,000 to 1 million vehicles, potentially doubling the growth rate year-on-year. The report notes that as the scale effect of Electric Vehicles gradually releases,
The annual goal is to increase by 25%, launching nearly 10 new vehicles. Geely Autos aims to achieve comprehensive profitability in the New energy Fund sector by 2025.
On January 2, Geely Autos announced that the company's sales target for the whole of 2025 is 2.71 million vehicles, a year-on-year increase of 25%. The President of Geely Holding Group and CEO of ZEEKR Technology, An Conghui, revealed that ZEEKR will launch three new models in the second, third, and fourth quarters of 2025. Geely Autos Group CEO Gan Jiayue revealed that in 2025, Geely will launch 4 to 5 completely new New energy Fund products.
China Automotive Circulation Association: From December 23 to 29, 2024, the average daily trading volume of used cars rose to 0.0703 million units, an increase of 1.53% compared to the previous period.
The China Automobile Circulation Association released the weekly report on used cars (December 23, 2024 - December 29, 2024).
Market Chatter: BYD Confident in 2025 Target; Geely Sets Conservative Goal
Daiwa Capital Markets has included JD.com (02618.HK), MINISO (MNSO.US), and Contemporary Amperex Technology (300750.SZ) in the "Buy" list.
The research report from Dahua Jixian indicates that market volatility is expected to be higher this year. There is uncertainty regarding whether USA President Trump will immediately impose tariffs on mainland goods starting January 20 when he is officially inaugurated, or whether he will impose a tariff of 60%. The firm has included Contemporary Amperex Technology (300750.SZ), JD.com Logistics (02618.HK), MINISO (MNSO.US), and PLOVER BAY TECH (01523.HK) on its 'Buy' list, as these companies are less affected by tariffs. At the same time, the firm has included Weimeng (02013.HK) on its 'Sell' list, with a rating in relation to SINOPHARM (010.
Car owners jointly demand that Geely immediately restore the after-sales system, citing serious threats to driving safety.
Geely Holding and Baidu-SW (09888.HK) affiliated company Jiyue Automobiles are facing operational difficulties, with Jiyue vehicle owners from across the country joining together to protect their rights and issuing an open letter. They stated that since December 12 of last year, key components have been in short supply, causing vehicle repairs to stall, significantly impacting the daily travel of some owners and increasing additional Transportation costs. Additionally, there are problems with the stability of the onboard systems, with frequent occurrences of system crashes, navigation failures, and Battery management abnormalities, which could potentially lead to severe safety incidents such as sudden power loss or fires, severely threatening driving safety. Jiyue vehicle owners are calling for the company, Geely, and Baidu to immediately restore the Jiyue service.
BOCOM INTL listed a comparison of sales of domestic New energy Fund Automobiles for last month and last year (table).
BOCOM INTL published a report listing the sales of mainland New energy Fund automobile stocks for December last year: Stock │ December sales │ Year-on-year change BYD (01211.HK) │ 0.5149 million vehicles │ +51% Li Auto-W (02015.HK) │ 0.0585 million vehicles │ +16.2% Xiaopeng-W (09868.HK) │ 0.0367 million vehicles │ +82.4% NIO-SW (09866.HK) │ 0.0311 million vehicles │ +72.9% GAC (02238.HK) subsidiary Aion │ 0.0469 million vehicles │ +2.0% Leapmotor (09863.HK) │ 0.0425 million vehicles.
Citigroup: Geely Autos (00175) expects to record profits in the Electric Vehicles business for the fiscal year 2025.
The sales target for Geely in 2025 is 2 million vehicles, a year-on-year increase of 20%. The sales target for ZEEKR is 320,000 vehicles, a year-on-year increase of 44%. The target for Lynk & Co is 390,000 vehicles, a year-on-year increase of 37%.
Express News | In 2024, 46,137 Chinese brand electric Autos were sold in Israel.
Geely Autos (175.HK): Strong sales achievements demonstrate strength, with technology and new products driving the future.
In 2024, Geely Autos' total sales reached 2.177 million vehicles, a 32% increase year-on-year, exceeding sales targets. Bullish on Geely's major brands under the empowerment of new technologies, continually upgrading and iterating, driving sales and performance growth.
Geely Autos (00175) issued 0.142 million shares due to the exercise of share options.
Geely Autos (00175) announced that on January 3, 2025, group employees will exercise options under the stock option plan (upon...).
China's EV, Hybrid Cars May Witness Double-Digit Sales Dip in January -- Market Talk
New energy stocks rose broadly, with NIO (09866) increasing by 6.27%. Institutions expect this year's penetration rate of New energy Fund to further increase.
Golden Investment News | Stocks in the New Energy Autos sector rose broadly, with NIO (09866) up 6.27%, Li Auto (02015) up 3.62%, Xpeng Motors (09868) up 2.22%, LEAPMOTOR (09863) up 1.59%, and Geely Auto (00175) up 1.56%. BOCOM INTL indicated that benefiting from trade-in programs, the new energy vehicle sector in China is expected to show strong growth in 2024. The penetration rate of new energy vehicles reached 47% in the first eleven months of 2024. With more extended-range and hybrid models being released, the bank predicts that the penetration rate of new energy vehicles is expected to further increase by 2025.
Express News | CITIC SEC: The automobile consumption stimulus policy is expected to continue, and there are signs of dawn in the Industry.
Express News | By the end of 2024, ZEEKR will have 538 global stores, and in 2025, the coverage in third and fourth-tier cities will continue to be enhanced.
Express News | In 2025, ZEEKR will launch three new cars and release a super electric hybrid system.
The "price war" fires the first shot of the new year! Ideal and NIO promote "subsidy guarantees", with over 9 major manufacturers updating car purchase rights.
① Li Auto launched a "replacement subsidy" guarantee, offering a cash subsidy of 15,000 yuan for each vehicle. ② Xpeng Motors has begun a limited-time Spring Festival gift distribution event, including a 0.01 million yuan cash red envelope and an 888-degree electricity card, among others. ③ Although the national policies related to 2025 have not yet been clearly defined, many regions have already introduced local subsidy measures.
[Brokerage Focus] CMB International expects that retail sales of Electric Vehicles in 2024 will increase by 49% year-on-year, and there is hope for continued growth of 23% in 2025.
Jinwu Financial News | CCB International stated that 11 Chinese automotive companies announced their December Electric Vehicle sales, with a total sales volume increasing by 54% year-on-year and 5% month-on-month, among which 9 companies achieved historically high sales. The institution indicated that Li Auto and NIO met expectations, while Xpeng slightly exceeded expectations; BYD, Great Wall, Deep Blue, Leapmotor, ZEEKR, and Xiaomi all achieved record high Electric Vehicle sales. The institution expects that the overall retail sales of Electric Passenger Vehicles in December will increase by 13% month-on-month to approximately 1.4 million units, with the market share of Electric Vehicles narrowing to 47%. The institution estimates that the retail sales of Electric Vehicles for the entire year of 2024 will increase by 49% year-on-year to approximately.
China's Late-Year EV Sales Boom Gives Way to Rocky 2025 View
Geely Autos (00175.HK): Strong product cycle, exceeding the annual target.
Event: On January 1, 2025, the company released the production and sales quick report for December 2024, achieving sales of 0.21 million vehicles in December, +43.3% year-on-year, -16.0% month-on-month, with a total sales volume of 2 million for the entire year of 2024.