GEELY AUTO (00175) is set to unveil its new HEV technology. According to an announcement on the company's official social media account, the i-HEV Intelligent Dual Hybrid technology launch event, themed "Chinese Power in World Hybrids," will take place on April 13 in Hangzhou. The automaker remains the top pick in the vehicle sector. The release of the new HEV technology, increased sales volume of high-end luxury models, and strong growth in overseas markets are expected to serve as ongoing catalysts for the company's stock price. A "Buy" rating and target price of HK$32 have been maintained.

Under the current policy environment, the value of HEVs has become more prominent. This year, full exemptions for pure electric vehicle purchase taxes have been reduced to a halved levy, plug-in hybrid range standards have been raised, and rising raw material costs have collectively increased the expense of new energy vehicles. In contrast, HEVs do not require external charging and use only small-capacity batteries, making them less affected by cost pressures. Although HEVs are priced slightly higher than traditional fuel vehicles, they offer significantly lower fuel consumption, providing strong cost-effectiveness during use. The driving experience of HEVs is similar to that of conventional fuel vehicles, addressing a key concern for customers who are not yet ready to switch to new energy vehicles.

It is projected that GEELY AUTO's new generation i-HEV Intelligent Dual Hybrid technology will outperform major Japanese competitors through better fuel efficiency and power balance, stronger economies of scale, more mature new energy architecture technology, and advanced intelligent features. This is expected to open up new market opportunities and expand into overseas markets in the future.