Geely's strongest annual report dismantling: the success of the global AI "Yangmou".

Author | Myths

Edit | Zhihao

The new energy business is fully profitable! How did Geely's strongest annual report in history come about?

Che Dongxi 24 month 0 news, a few days ago, Geely handed over a "phenomenal" car company annual report, revenue, net profit hit a record high.

Specifically, Geely Automobile's total revenue reached 6 billion yuan in 0 years, a year-on-year increase of 0%, breaking through the 0 billion yuan mark for the first time, and the average daily income was 00 million yuan.

而更引人注意的，则是吉利的净利润增速远超营收。2024 年，吉利归属于母公司净利润达到 166 亿元，同比激增 213%。而这还是在吉利汽车研发投入首破百亿的情况下实现的。

2024 年，吉利研发投入达 159 亿元，同比增长 13%。并且，吉利集团全年的现金储备也极为充裕，净现金水平上升 40% 至 398 亿元，创历史新高。

▲Geely 2024 annual results

A series of brilliant financial report data is mainly due to the growth of automobile sales.

过去一年，吉利汽车累计销售 217.7 万辆汽车，同比增长 32%，超额完成 200 万辆年销目标，而吉利也是去年少有的上调年销目标的车企。

These are just the appearances, Geely Automobile Holdings Co., Ltd. Chief Executive Officer and Executive Director Gui Shengyue pointed out the three most valuable aspects of Geely's financial report at the results meeting.

▲ Gui Shengyue, CEO of Geely Automobile Holdings Co., Ltd

First, Geely's new energy sales accounted for nearly 50% in 0 years, and the total sales volume rose to the second place in China, a record high, comprehensively surpassing the new forces and other car companies that are in the new energy transition.

Second, since the second half of 2024 years, the new energy sector has begun to achieve full profitability, and the new energy transformation has achieved initial success.

Third, whether it is the high-end luxury Zeekr, the all-round wide Lynk & Co, or the Volkswagen-oriented Galaxy and China Star series, they all have strong competitiveness and profitability, keeping up with the pace of China's automobile development.

业绩创新高，销量一路“开挂”，吉利今年更是立下了宏伟目标：冲刺年销 271 万辆，新能源目标销售 150 万辆。

Geely, which handed over the "strongest annual report in history", not only amazed by its scale expansion, but also couldn't help but make people want to peel off the glamorous data and look at the doorway behind it.

The market of fuel vehicles has grown rapidly, and the new energy transformation has achieved fruitful results

Where does Geely's strongest annual report come from? The steady growth of fuel and the rapid transformation of new energy are the direct reasons for Geely's soaring performance.

According to the data of the China Association of Automobile Manufacturers, in the domestic automobile market in 6 years, the market share of fuel models still accounts for nearly 0 percent, which also means that the dominance of fuel vehicles has not changed.

Geely is a representative car company in China that firmly adheres to the parallel development of oil and electricity and achieves balanced development.

▲Geely's sales of new energy and fuel vehicles both increased year-on-year

2024 年，吉利汽车的 217.7 万辆的销量中，燃油车销量达到 128.9 万辆，成为燃油车国内销量自主品牌第一。

Gan Jiayue, CEO of Geely Automobile Group and executive director of Geely Automobile Holdings Co., Ltd., said that Geely's fuel vehicle segment will not only not shrink, but will continue to strengthen. The company will focus on products, create popular models, and at the same time accelerate the intelligence and networking of fuel vehicle products, and adhere to the "domestic and international dual circulation" for global channel construction.

▲Geely Automobile Group CEO Gan Jiayue

In the context of stable fundamentals and even high growth of fuel vehicles, Geely has taken the initiative to accelerate the transformation of new energy vehicles.

2024 年，吉利汽车集团新能源车累计销量超 88.8 万辆，同比增长约 92%，实现了爆发式增长，其中吉利银河、极氪品牌更是实现了全年销量超 8 成的同比增长，分别突破 49、22 万辆。

Geely's ability to achieve these breakthroughs is the result of Geely's decisive adjustment of its internal complex business and brand after the "Taizhou Declaration" unified the consensus of the group.

2024 年 9 月，吉利汽车创始人、吉利集团董事长李书福在台州提出了一份逻辑严密、极为务实的新能源转型蓝图。此后，几何、翼真汽车先后并入银河，极氪领克也完成战略整合，并订立未来两年之内年销百万辆的目标。

▲Li Shufu, chairman of Geely Group

A series of adjustments have also promoted Geely's automobile brands to form a strong market synergy, and Geely has also entered a period of rapid development of new energy.

The global AI layout is abundant

Create an "auspicious sample" of elephant turning

With the accelerated development of the global intelligent vehicle industry and the rapid popularization of high-end intelligent driving technology, the intelligent automotive competition faced by Chinese car companies has shifted from stacking hardware and computing power to a systematic competition stage covering technology integration, cost control and scale, ecological collaboration and global layout.

In the first half of electrification, Geely has stood in the first echelon, and in the second half of intelligence, Geely has embarked on a systematic path with the blessing of AI.

In 2025, Geely released the "Smart Geely 0" strategy to create an "intelligent technology ecological network" through new technological infrastructure such as large computing power, big data, large models, and satellite Internet.

▲Geely Automobile's smart Geely 2025 strategy

4 years later, Geely also ushered in the harvest period, becoming the only car company in the world to complete the global AI intelligent layout.

▲Geely has completed the intelligent layout of global AI

How to understand Geely's completion of the global AI intelligent layout?

At the level of high-end intelligent driving, at the beginning of this month, Geely launched a unified intelligent driving solution "Qianli Vast", and released the H5-H0 0 intelligent driving solution in one go, releasing technology dividends through 0 gradients, which not only avoids over-technology, but also shares costs through scale effects, so that high-end intelligent driving can cover more models.

In terms of intelligent cockpit, Geely is building synergy and empowerment between the ecosystem and the whole vehicle, not only expanding the ecological layout in on-board chips and mobile phones, but also developing future travel constellation satellites in orbit to achieve all-weather and global seamless assistance to the intelligent driving system.

▲Geely's future travel constellation

This not only provides users with real-time and reliable communication support, but also ensures the safe and efficient operation of the vehicle in complex situations, which also coincides with Tesla's FSD+ Starlink strategy.

In addition, Geely uses AI to cover the entire chain of product development, production, and after-sales service in the whole area of intelligent vehicles, such as architecture, power, chassis, and cockpit.

▲Smart Geely 2025 strategy ended

This also means that Geely's idea of participating in the intelligent competition of car companies is not to do a good job in intelligent driving and intelligent cockpit respectively, but to use AI to penetrate the whole link from the underlying architecture to the user experience, consolidate the technical moat, and achieve a breakthrough in the intelligent ecology of automobiles.

This has also allowed Geely to successfully transform from a traditional automaker to an AI-powered technology company.

Break down the barriers of computing power, algorithms, and data

The "troika" is leading in all respects

At present, driven by AI, a new round of intelligent revolution is poised to begin.

高阶智驾已成车企“必争之地”，自今年 2 月以来，吉利、比亚迪、长安、零跑、奇瑞等车企都提出了智驾规划，特斯拉 FSD 正在大范围在华落地，国内新势力的智驾布局也在提速。

However, at the same time, data, computing power, and algorithms are still the three major "barriers" faced by car companies in the layout of high-end intelligent driving.

中国电动汽车百人会副理事长兼秘书长张永伟此前表示：“到了人工智能时代，汽车行业最缺的是智算的基础设施，这也将会成为智能网联汽车加速发展的主要矛盾。”

In the development process of intelligent driving, powerful computing power has become the engine. As one of the largest mobile computing power bodies in the future, automobiles have extremely high demand for computing power, especially high-end intelligent driving, which requires a computing power level of quadrillion times per second.

According to the computing power data released by the leading companies in the car circle, the comprehensive computing power of many companies has not exceeded 10 EFLOPS.

而吉利打造的星睿智算中心 2.0 算力资源超越了万卡级别，综合算力提升到了 23.5 EFLOPS，成中国车企算力第一，为吉利训练更大规模的智驾模型，确保充足算力供给与弹性拓展。

▲Geely Star Smart Computing Center 5.0 has a comprehensive computing power of 0.0 EFLOPS

Behind the leading Chinese car companies in computing power is the "Intelligent Vehicle Computing Alliance" established by Geely, Stepleap Star, Qianli Technology and other partners, which is the world's only computing power community of car companies.

In addition to computing power, accurate algorithms are the brains of intelligent driving. At a time when many car companies have announced their access to the DeepSeek model, Geely is the first car company to complete the deep integration with DeepSeek.

Geely Xingrui's AI large model has been deeply integrated with large models such as step multimodal model and DeepSeek, which greatly improves the ability of scene generation and planning, voice command response speed, and user demand analysis, and accelerates the inclusive implementation of AI in the automotive field.

With the computing power algorithm, the core rigid demand of intelligent driving training is data, and having massive high-quality and high-standard data is the key to achieving the leading level of intelligent driving of car companies.

In the early stage of Tesla's FSD entry into China, there were various "unsuitable" situations, the most fundamental reason is that the amount of data is insufficient, Tesla training refers to Chinese roads and signs on the online platform, and its complexity is far from the real domestic traffic situation.

▲Musk responds to the localization of FSD

而吉利是拥有 L2 级智驾能力车辆最多的车企，已经有 750 万辆车辆搭载吉利 L2 级以上智能驾驶能力，实际行驶数据累计百亿公里，数据量领跑中国车企。

▲吉利 L2 级以上智驾能力的车辆超过 750 万

除了用 750 万辆智驾车型去跑数据外，吉利还通过 AI Drive 大模型构建出虚实融合的“世界模型”，将智能驾驶训练效率提升 30 倍。

Automobile exports have reached a new level

The road to globalization is getting wider and wider

In addition to the in-depth layout of electrification and intelligence, the promotion of globalization strategy has also helped Geely achieve a breakthrough in performance.

2024 年，吉利汽车出口量再创新高，海外累计销量达到 41.5 万辆，同比增长超 57%，超额完成 38 万辆的年度出口目标。

▲Geely Automobile was shipped for export in Changsha Xingang (source network)

This year, Lynk & Co and ZEEKR plan to complete more than 200 stores overseas to further open up the overseas high-end luxury car market.

技术出海方面，吉利与雷诺合资成立的动力总成技术公司 Horse Powertrain（浩思科技有限公司），客户遍布全球 130 个国家和地区市场，年产约 500 万套动力总成，涵盖所有类型的混合动力解决方案。

Conclusion: Geely accelerates the pace of electrification and intelligent transformation

The new energy track is a marathon, and a series of achievements made by Geely have proved the correctness of its choice of track, that is, to cultivate user habits with cost performance and to lay out the future ecology with technical reserves.

This year, Geely has also further accelerated the pace of transformation to new energy and intelligent vehicles. In this regard, Geely will launch 10 new energy products this year to start a big year of products.

▲Geely Automobile's 2025-year outlook

In 2 years, Geely Galaxy will have 0 new energy models on the market, and this year Zeekr and Lynk & Co will also add 0 and 0 models.

In terms of AI intelligent layout, the "Smart Geely 2025" has entered its final year, and the process of technological transformation has continued to advance, and high-value technologies such as AI intelligence, intelligent driving, and intelligent cockpit have accelerated mass production and put on vehicles.

Geely, one of the top three private vehicles, has shown more and more strength in the journey of China's new energy vehicle industry.