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<Research>CMSI: GEELY AUTO to Unveil New HEV Tech
Recommend 39 Positive 53 Negative 21 |
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According to GEELY AUTO (00175.HK)'s official WeChat account, the carmaker is set to unveil new hybrid electric vehicle (HEV) technology at the i-HEV Intelligent Dual Engine Hybrid Technology Launch Event to be held in Hangzhou on April 13, according to a CMSI report. The report highlighted the value of HEVs under the new policy environment. This year, the purchase tax on pure electric vehicles has shifted from full exemption to a 50% reduction, while higher range standards for plug-in hybrids and rising raw material costs have pushed up the cost of new energy vehicles (NEVs). However, HEVs are less vulnerable to cost pressures, as they don't need external charging and are equipped only with small-capacity batteries. While HEVs are indeed priced slightly higher than traditional fuel vehicles, their fuel consumption is significantly lower, offering clear advantages in cost performance. HEVs also share similar usage habits with conventional fuel vehicles, which addresses the pain points of customers who are unable to switch to NEVs. CMSI has kept an Overweight rating and a target price of HKD32 for GEELY AUTO. Auto-translated by AI AASTOCKS Financial News |
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