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Wechat scan QR code < / P > < p > to share with friends and circle of friends < / P > < p > < / P > < p > Financial Association news on February 20, today, Li Shufu, chairman of Geely Holding Group, said in an internal speech that Geely has formed two blue Geely action plans on the basis of summing up the past, which are: focusing on energy saving and < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E6%96%B0%E8%83%BD%E6%BA%90%E6%B1%BD%E8%BD%A6 "> new energy vehicles < / a >, 90% of which are new energy hybrid vehicles, and about 10% are traditional energy-saving small displacement vehicles; focus on pure electric intelligent vehicles, and build a new pure electric < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E6%B1%BD%E8%BD%A6%E5%85%AC%E5%8F%B8 "> auto companies < / a >, are actively participating in the competition in the intelligent pure electric vehicle market. (Liu Yang, Financial Association) < / P > < p > < b > related reading: < / b > < / P > < p > < / P > < p > < b > Geely transformation! On February 11, a series of Cooperative Trading agreements showed that < span style = "box sizing: inherit; text decoration thickness: initial; text decoration style: initial; text decoration color: initial;" > < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E5%90%89%E5%88%A9%E6%B1%BD%E8%BD%A6 "> Geely Auto < / a > < / span > intentionally positions itself as < span style =" box sizing: inherit; text decoration thickness: initial; text decoration style: initial; text decoration color: initial; "> electric vehicle < / span > OEM manufacturers use their own technology to provide OEM assembly services to brand automobile manufacturers. < / P > < p > in addition to the Geely brand, Geely also owns the Volvo cars brand and 9.7% of Daimler AG. "The chairman's attitude is clear: he is accepting and actively seeking OEM business," one Geely executive told the media < / P > < p > it is very common in the automobile industry that a brand car is outsourced to another OEM. < / P > < p > among the four transaction agreements announced, Geely and Foxconn set up a joint venture for OEM production of electric vehicles, which is the most significant move. In addition, there is an agreement to produce mass market electric vehicles for the troubled Faraday future. < / P > < p > Geely also produces intelligent electric vehicles for Baidu, the first of which will be launched next year. In addition, Geely is cooperating with Tencent holdings to develop intelligent vehicle control and automatic driving technology. < / P > < p > Geely has launched several electric vehicle products to the market, and in September last year, it launched a new platform centered on electric vehicles, costing 18 billion yuan (about 2.8 billion US dollars). < / P > < p > but the source said that after two years of sales decline, Li Shufu thought Geely's strategy was too traditional, so he began to boldly adopt the policy of establishing partnership with large technology companies. < / P > < p > however, this shift has met with some opposition. People familiar with the matter said that at the company's high-level meeting, some people worried that the significant shift to OEM service business would reduce Geely's position in the cooperative relationship with technology companies and cause Geely to lose its advantage as an independent automobile manufacturer brand. < / P > < p > some executives are cautious about choosing Faraday as their first customer, because Faraday has developed slowly and has a bad record since its establishment. However, the source said that Li Shufu ignored this cautious mentality. < / P > < p > the trading agreement with Faraday did not win the praise of the market, which hindered Geely's stock performance. Within four days of the deal's press release, Geely's shares fell 16%. < / P > < p > but on the other hand, these deals may solve the long-standing problem of under construction in Geely's factory. The Geely brand, for example, can make more than 2 million cars a year, but it will only sell about 1.3 million in 2020. < / P > < p > these deals can also help Geely get the most from its own electric vehicle platform, which is now open source and can be used for small to large vehicles and even light commercial vehicles. < / P > < p > the source said that it is not clear how large the scale of Geely's automobile OEM service business will be. At present, the company has not put forward specific goals. "It's not clear how many such customers we will have in the next few years," said a Geely source < / P > < p > this year, Geely also plans to raise funds by listing on Shanghai Science and technology innovation board to invest in new models and technologies. As a listed company on the Hong Kong stock exchange, Geely's market value has reached $37 billion, and its share price has risen 12% this year. < / P > < p > but according to the source, it is similar to < span style = "box sizing: inherit; text decoration thickness: initial; text decoration style: initial; text decoration color: initial;" > Tesla < / span > and < span style = "box sizing: inherit; text decoration thickness: initial; text decoration style: initial; text decoration color: initial; "> compared with Weilai < / span >, Li Shufu is very dissatisfied with the market value of Geely. Tesla's market value has reached $800 billion, while Weilai's market value has reached $98 billion. Last year, Weilai sold less than 44000 cars. Sources said Geely had previously considered investing in Weilai. < / P > < p > analysts say the new agreements are hasty and bold, which could save Geely a lot of time and money in developing and launching electric vehicles, but at the same time, there are risks. Tu Le, an analyst at Sino auto insights, says that business re integration in any industry is a big enough challenge for the management of any company. (Tianmen Mountain) < / P > < p >

2023-03-22 10:04:28