China Merchants Securities International: Maintains Geely Automobile's target price at HK$34.2 and "Overweight" rating.

China Merchants Securities International released a research report, maintaining Geely Automobile's target price of HKD 34.2 and its "Overweight" rating. The bank stated that it is bullish on the penetration of smart charging technology into mainstream models, as well as the enhancement of Geely's pure electric vehicle competitiveness through the expansion of its energy replenishment network. The bank pointed out that with the release of Geely's smart charging technology, the coordinated upgrade of high-rate fast charging and AI management directly addresses the three major pain points of energy replenishment: temperature control, maintenance, and automation. On September 23, Geely released Geely Smart Charging, launching AI Extreme Fast Charging, AI Smart Charging, and AI Automatic Charging, powered by the Xingrui PowerMind energy brain jointly developed with StepFun. Among these, AI Extreme Fast Charging boosts peak power and suppresses temperature rise; AI Smart Charging balances speed and battery lifespan; and AI Automatic Charging reduces manual plug-in operations.