Geely Automobile
Sales in December were 146017 units, and full-year sales were 1432988, up 8% y/y, including 328727 NEV models, and the sales target for 2023 is 1.65 million units.
Changan Automobile
In December, the Group sold 255794 units and 2.346 million vehicles for the full year, of which 470,000 units were sold under joint venture brands, accounting for 20%, and 270,000 units were sold by own-brand new energy vehicles.
Years later, BYD won the first place in Geely Automobile's independent sales for many years, but to say that the proportion of new energy in Geely Changan so far is actually still small, and it needs to be strengthened in hybrid and pure electric in 2023. At present, Chang'an's plan is to comprehensively promote iDD loading, and the deep blue Avita is rapidly rolled out. Geely Automobile's new energy is currently concentrated in the Extreme Krypton brand, and it is expected that many Raytheon hybrid systems will be installed in 2023, but whether to increase the investment in geometric brands, I am not very optimistic about this brand, and it is currently in the same situation as Aion [thinking]
