On November 14, Geely Automobile Holdings Co., Ltd.(referred to as “Geely Automobile”) released its third-quarter 2024 financial report.
At the same time, it announced some information on the “Integration of Gekrypton and Linkages” at the evening performance call conference.
New cars: ,
, Starship 7 EM-i,, and the Lynx Z20.
During the telephone conference, officials announced that the Starship 7 EM-i will be launched in December, and the Lynx Z20 will also be launched within the year.
, Why should Jikrypton and Lingke be integrated: , 1.
Although the two brands have different positioning, the selling prices are overlapping.
If they are not integrated, it will bring competition problems, there will be internal conflicts in operations, and there will be criticism from the outside world.2. The two brands will have duplicate investments in aspects that they could otherwise share, such as R & D, sales, etc.
After integration, it will bring multiple benefits: 1.
Elimination of competition.2. Complementary brand positioning.3. Unified product architecture.4. Complementary sales networks.5. Economies of scale.
Through integration, whether it is Lingk or Krypton, the overall competitiveness will be greatly improved.
, Regarding the integration of Geometry into Galaxy: Geometry’s dealer network will be fully integrated into Galaxy’s B network.
Galaxy’s core technologies, such as 11-in-1 motor technology, will sink into the geometric system.
In the future, Galaxy will continue to focus on the mainstream new energy market.
Efficiency synergy is the core key point of the merger, which continues to improve the profitability of the automotive sector.
Revenue: In the third quarter, Geely Automobile achieved operating income of 60.
4 billion yuan, a year-on-year increase of 20.
5%, and single-quarter revenue reached an all-time high.
from January to September, Geely Automobile achieved operating income of 167.
7 billion yuan, a year-on-year increase of 36%.
The Starship 7 will be available in December, and the Lynx Z20 will also be available during the year.
, Sales: In the third quarter of 2024, Geely Automobile’s sales volume reached a record high of 534,000 units, a year-on-year increase of 18.
7%, leading the industry in sales growth.
from January to September, total sales reached 1.
49 million units, a year-on-year increase of 32.
1%, and 74.
5% of the annual sales target of 2 million units has been achieved.
Geely’s new energy products (including Geely, Lingke, and Jikrypton) sold 226,000 units in the third quarter, and the penetration rate of new energy in the domestic market exceeded 50% in the third quarter.
from January to September, Geely’s total new energy sales reached 546,000 units, a year-on-year increase of more than 93%.
Geely Galaxy E5(Parameters| Inquiry) More than 50,000 vehicles were delivered within 100 days of listing, and Geely Xingyuan was willing to deliver more than 20,000 vehicles within 33 days of listing.
Geely Galaxy (excluding Geometry)’s total sales from January to September reached 153682 units, helping the Geely brand’s total sales from January to September reach 1151214 units, a year-on-year increase of 27%.
LinkLink’s total sales from January to September this year reached 195603 vehicles, of which new energy products accounted for more than 67% in September, setting a record high.
The Jikrypton brand delivered 142873 vehicles in the first nine months of this year, which also brought the cumulative delivery of Jikrypton to nearly 340,000 vehicles as of the end of September.
(Written by Chen Hao, Car Home), return to the home page of First Electric Network>,.
