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Released the Raytheon Power brand, and the Nine Dragon Bay Action Geely Automobile Group officially released the “Smart Geely 2025” strategy_Industrial Economy_Finance_中金在线

(October 31, Ningbo) Geely Automobile Group held the “Smart Geely 2025-Geely Longwan Technology Center and Global Power Technology Brand Release” event at Hangzhou Bay Research Institute. At the press conference, Geely Automobile Group CEO Gan Jiayue announced the “Smart Geely 2025” strategy and comprehensively promoted the “Nine Dragon Bay Actions” implemented by the “Smart Geely 2025”. Wang Ruiping, senior vice president of Geely Automobile Group, released the global power technology brand “Raytheon Power”. The formulation of the “Smart Geely 2025” strategy and the release of the “Raytheon Power” brand will promote Geely to accelerate its transformation into the smart era and build itself into a technology-led global automotive company. A full-stack self-developed ecosystem in core technology fields such as energy, autonomous driving, intelligent networking, and smart cockpits. Within five years, Geely Automobile Group’s brands will launch more than 25 new smart new energy products, leading Chinese brands into the era of smart terminals.

  

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“Raytheon Power” opens the era of Geely Power Technology’s electrification 4.0, Raytheon Zhiqing Hi·X is the world leader

As an important part of the “Smart Geely 2025” strategy, the release of Geely’s global power technology brand “Raytheon Power” has opened a new era of “Power 4.0” for Geely to fully enter the electrification of power technology. “Raytheon Power” is positioned as a global high-end, based on the global market, and is committed to becoming the world’s leading high-efficiency intelligent power solution, realizing “China’s power, supplying the world”, and bringing the ultimate smart low-carbon travel experience to every consumer.

  

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The product matrix of “Raytheon Power” includes the Raytheon Zhiqing Hi·X hybrid system, high-efficiency transmission, high-efficiency engine, and a new generation of electric drive device “E-drive”. Among them, Raytheon Hi·X is a world-class modular intelligent hybrid platform, including 1.5TD/2.0TD hybrid dedicated engines, and DHT (1-speed transmission)/DHT Pro (3-speed transmission) hybrid transmissions, supporting A0~C-class models are fully covered, and a variety of hybrid technologies such as HEV, PHEV, and REEV are also covered. Raytheon Hi·X has six major hybrid industry ceiling-level technologies, becoming a world-class modular intelligent hybrid platform, setting many world firsts, and fully surpassing Japanese hybrids in core technology.

  

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The 1.5TD hybrid engine included in the Raytheon Hi·X Hybrid System is the world’s first mass-produced turbocharged direct-injection hybrid engine. It has up to 43.32% of the mass-produced hybrid engine certified by the authoritative organization “Energy Efficiency Star”. The world’s highest thermal efficiency record for a motor engine; the DHT Pro transmission has the world’s leading three-gear speed ratio and is by far the world’s most compact hybrid transmission with a maximum output torque of 4920N·m and a torque-to-mass ratio of 41N·m/kg. Raytheon Hi·X also has the world’s leading fuel-saving rate of 40%, the first FOTA upgrade of the full power range of the hybrid system and up to 20 intelligent driving modes, as well as 148 key NVH technology optimizations, which are the best in the comfort industry .

  

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According to the plan, the Raytheon Zhiqing Hi·X hybrid system will first be carried on the Geely “China Star”. In the next three years, there will be more than 20 hybrid models equipped with Raytheon Zhiqing, achieving the No. 1 sales volume in the mainstream hybrid market segment, the No. 1 comprehensive user experience of “performance, intelligence, and new energy”, and setting a global benchmark for hybrids. In addition, Geely Raytheon Power will follow the “New Power Four Modernizations” strategy of power efficiency, drive electrification, energy diversification, and intelligent control to build a diversified and cleaner travel ecology in all dimensions.

Establish a global strategic layout of “one network, three systems” and realize full-stack self-research on core technologies of smart cars

At the press conference, Geely Automobile Group CEO Gan Jiayue announced that Geely will rely on the group’s globalization system and resource synergy to build a “one network and three systems” to promote the efficient implementation of the “Smart Geely 2025” strategy and achieve “creating beyond users The expected intelligent travel experience is the strategic mission and goal of building a technology-led global auto company and becoming the most competitive and respected Chinese auto brand.

  

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“One Network” means “Smart Geely Technology Ecological Network”. Based on the intelligent architecture as the “new infrastructure”, an end-to-end self-developed system and ecological alliance are built around chips, software operating systems, data and satellite networks to drive the continuous evolution of users’ experience in intelligent driving and intelligent cockpits. Geely, as the world’s only auto company with satellite communications and positioning, high-precision maps and navigation, auto chip to software and hardware full-stack self-developed auto company, will build the core competitiveness of future “smart cars” based on smart architecture, smart driving and smart cockpits.

  

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As a new technological infrastructure project, intelligent architecture is the foundation of the technological ecological network. Geely’s four world-class intelligent architectures, BMA, CMA, SPA and SEA, are not only fully compatible with diversified energy sources, but also have leading modular advantages. In the face of global differentiated standards and user needs, R&D efficiency can be increased by 30%. At the same time, Geely uses the GEEA 2.0 electronic and electrical architecture to empower the world-class intelligent architecture, so that Geely’s current intelligent architecture not only has the advantages of full compatibility with diversified energy, leading modularity, and high research and development efficiency, but also has a smart “brain” and high speed. Well-developed neural network. In the future, Geely, Lynk&Co and Geometry new smart cars built with smart architecture will all be equipped with GEEA 2.0 electronic and electrical architecture. In the future, Geely’s intelligent architecture will also evolve to the GEEA 3.0 central computing platform architecture, leading the evolution of smart cars from “domain control” to “central super brain”.

  

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The chip is the foundation of the software platform operating system, and the software is the upper limit that determines the intelligent experience. Relying on the intelligent driving and intelligent cockpit created by the intelligent architecture, to achieve a more extreme user experience, the key core is the chip, software operating system and big data. At present, Geely’s “Xinqing” technology is self-developed and adopts the car-level 7nm process of the smart cockpit chip SE1000. After completing the car-level certification, it will be mass-produced next year. This will become China’s first car-level SOC with a 7nm process. chip. In the future, a 5nm process integrated supercomputing platform chip and a high computing power autonomous driving chip will be launched to achieve “expandable computing power” based on the realization of L3 intelligent driving to meet the computing power requirements of higher-level autonomous driving.

  

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Geely is committed to creating an “end-to-end” integrated vehicle software user experience, building a full-stack self-developed system covering electronic and electrical architecture, vehicle basic software, smart cockpit software and autonomous driving software, and establishing a smart car software and hardware system. At the same time, Geely applies the SOA software service architecture, opens more than 1,000 API interfaces, provides software tools and platforms to developers around the world, and builds active scene services with more than 1,000 digital partners around the world. By 2025, Geely will achieve at least one or two vehicle OTA upgrades every quarter, allowing smart cars to evolve from “manufacturer-defined” to “user software co-creation”, and fully enter the era of software-defined cars.

  

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In the smart car hardware and software system, data is the driving force behind the evolution of user experience. Geely’s self-built ground-orbit satellite high-precision navigation system has now completed the deployment of 305 high-precision space-time reference stations. It is planned to complete the networking of IoT communication satellites and navigation-enhanced low-orbit constellations before 2026 to achieve “global no blind zone” communications and centimeter-level high-precision positioning coverage. The high-precision maps collected by Geely Surveying and Mapping will cover the whole country in 2023. In the future, it will continue to provide the “intelligent Geely Technology Ecological Network” with data and algorithm verification of the “integration of heaven and earth”.

The three smart systems of “Smart Geely 2025”: smart energy system, smart manufacturing system, and smart service system. In terms of smart energy, the six top hybrid technologies of Raytheon’s Hi·X hybrid system fully empower Geely’s hybrid products. Geely will also have a world-class lead in the field of pure electricity and new fuels.

  

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Geely has been deepening its deployment in “three power” technologies. In terms of batteries, Geely Wei Rui has fully mastered the module and pack technology and achieved mass production. It also has the ability to design battery cells and has established joint venture battery factories such as Times Geely with strategic partners. In terms of electric drive, 800V is used to build a controller based on silicon carbide power devices and a high-efficiency oil-cooled motor to achieve high performance with a comprehensive efficiency of over 92% and a maximum power of over 475kW. And Geely’s self-developed silicon carbide power chips will also be mass-produced in 2023.

  

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At the same time, Geely already has thousands of technical patents in the field of “power swapping architecture, power station swapping, and power swapping vehicles”, and has participated in the formulation of national power swapping standards. Based on the exclusive power swap structure, Geely will also launch a new “power swap travel brand.” By 2025, 5,000 ultra-fast replacement power stations will be deployed in 100 core cities to meet the power replacement needs of 1 million vehicles.

  

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It is worth mentioning that Geely has been cultivating methanol vehicles in the field of new fuels for 16 years. It has taken the lead in the field of methanol energy in the world and has more than 200 core technology patents. It has been operating 27,000 vehicles on a large scale in Xi’an, Jinzhong, Guiyang and other places. The total mileage reached 8 billion kilometers. In 2022, Geely will launch the “Thor Engine Methanol Hybrid” model. The alcohol consumption per 100 kilometers is about 9L, the alcohol consumption is reduced by more than 40%, and the travel cost per kilometer is less than 30 cents. By 2025, alcohol consumption per hundred kilometers will drop to 7.6L, which is equivalent to 3.5L fuel consumption per hundred kilometers. The travel cost per kilometer is two cents, zero carbon increase during the life cycle, and it is more environmentally friendly.

In terms of intelligent manufacturing system, Geely has created the world’s first “Geely Industrial Internet Platform Geega” that originated from the automotive industry and serves the entire industry. As a “national-level professional industrial Internet platform”, it has served dozens of group companies. Landed verification in 15 business application scenarios of automobiles. After the platform is put into production, the production efficiency will increase by 22%, realizing the ecological cycle of “manufacturing from manufacturing, feeding back manufacturing”. The “Smart Geely 2025” global “lighthouse factory” represented by the Xi’an manufacturing base can not only achieve efficient and flexible production across architectures, categories, and models, but also achieve zero waste water discharge, zero waste landfill, and zero waste during the manufacturing cycle. The “three zeros” green cycle of zero hazardous emissions is committed to growing into a “zero carbon” carbon neutral factory.

When the technical layout of the “Smart Geely Technology Ecological Network”, the smart energy system, and the smart manufacturing system are integrated into one terminal, every vehicle has evolved from a “transportation tool” to a “mobile smart terminal” that links everything. With the empowerment of digital technology, Geely will build a user experience-centric, full-value, full-link intelligent service system, realize 100% user direct connection, establish more than 2,000 digital smart stores, and over 10 million App users.

  

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The Nine Dragon Bay Action promotes the full implementation of the “Smart Geely 2025” strategy and firmly shifts to the “Smart Mobility Technology Enterprise”

In order to accelerate the continuous implementation of Geely’s “one network and three systems”, Geely announced the “Nine Dragon Bay Action” of Geely Automobile Group to ensure the full implementation of the “Smart Geely 2025” strategy.

  

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Longwan Action 1: Geely will continue to maintain the No. 1 R&D investment for Chinese auto brands, and will invest 150 billion yuan in R&D within 5 years. Relying on Geely’s global “5 major R&D + 5 major modeling centers” to build a world-leading international R&D system, fully transform to the intelligent era, and achieve the highest proportion of industry software talents and the highest software development efficiency by 2025. Deeply cultivate research in the field of basic science, build 10 world-class key laboratories, accelerate the transformation of scientific and technological achievements, and continue to maintain Geely’s core technology leadership.

  

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Longwan Action 2: Realize the full-stack self-research of autonomous driving, and accelerate the realization of the vision of “zero accidents, zero casualties” in smart travel. Relying on the intelligent Geely science and technology ecology, Geely will realize full-stack self-research in core technologies such as smart energy, autonomous driving, smart connectivity, and smart cockpits, and “make the best, safest, and most responsible” autonomous vehicles. Achieve “delivery is safe.” By 2025, realize the commercialization of L4 autonomous driving and fully master L5 autonomous driving.

  

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Longwan Action 3: In 5 years, launch more than 25 new smart new energy products, leading the era of smart mobile terminals. The Geely brand will successively launch more than 10 new products. The main vehicle is fully intelligent and new energy. It will launch the Raytheon Super Hybrid with long battery life in series and parallel, extended range, direct drive, and electric drive. The PHEV has the highest battery life. Over 200km. Starting from 2022, Geometry brand has successively launched more than 5 star products newly created by pure electric architecture (including Haohan architecture), covering the mainstream pure electric market. The Lynk & Co brand will successively launch more than 5 new smart technology products to continuously improve the market layout. In 2023, the first electric SUV product will be launched in Europe first, realizing the globalization and high-end of smart new energy products. The brand-new technology and new energy exchange travel brand will be based on the exclusive architecture platform, and will successively launch 5 intelligent pure electric products that can exchange electricity, provide users with efficient and intelligent travel services, and become a new force in the exchange travel technology ecosystem.

Longwan Action 4: In 2025, the Group will achieve total sales of 3.65 million vehicles, maintaining the number one market share of Chinese brands and surpassing mainstream joint venture brands. Among them, Krypton Technology is 650,000 and Geely Automobile Group is 3 million. In the domestic market, Geely brand 1.3 million vehicles; Geometry brand 300,000 vehicles; Lynk & Co brand 600,000 vehicles; brand new technology-swappable travel brand 200,000 vehicles, and the group’s overall overseas sales volume is 600,000 vehicles. Led by extremely krypton and supported by Raytheon Zhiqing hybrid technology, it will realize full electrification and achieve the top sales volume in the mainstream hybrid market segment. By 2025, Geely Automobile Group’s new energy sales will reach 900,000 vehicles, accounting for 30%. Coupled with the Jikrypton brand, Geely New Energy’s overall sales will account for more than 40%.

Longwan Action 5: Promote the globalization process in an all-round way, realize technology going to sea, and reach 600,000 overseas sales by 2025. The Geely brand will focus on the deployment of Eastern Europe, the Middle East, Southeast Asia, Africa, South America and other “Belt and Road” countries, build 600+ overseas sales outlets around the world, and enter the European and Asia-Pacific new energy markets. The Lynk & Co brand will deepen the “Europe Strategy” and “Asia-Pacific Strategy”, deploying in Russia, Malaysia, Australia and New Zealand and other countries, from being born global to global. Geely will also create a systematic export of the “Proton Model”, which will become a model for Chinese autos to lead the global industrial transformation, making Proton the number one auto brand in Malaysia and the top three auto brands in ASEAN.

Longwan Action 6: Make every effort to accelerate the transition to sustainable energy, reduce total carbon emissions by 25% by 2025, and achieve carbon neutrality by 2045. Through digital intelligent manufacturing, the promotion of green electricity, and the application of recycled materials, the company will reduce its own full-scale carbon emissions. Through the Geega Industrial Internet platform, smart technology collaboration, etc., the entire supply chain emission reduction measures are formulated. By increasing the market share of new energy, reducing carbon emissions during product use. By 2025, Geely will achieve a 25% reduction in emissions across the entire chain.

Longwan Action 7: Digital empowerment business model upgrade, realizing 100% full-scene digital value chain of mobile terminals. In 2025, the three major brands of Geely, Geometry, and Lynk & Co will achieve 100% user digital services and 100% user direct connection, creating a full-link and more intimate user service ecosystem. Achieve more than 2,000 digital smart stores and over 10 million App users, seamlessly interact with users, accurately and quickly capture user experience feedback, and ensure 100% user feedback within 24 hours. In addition, Geely will also implement OTA upgrades for the entire vehicle at least 1 to 2 times every quarter.

  

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Longwan Action 8: Leading technology to realize value creation, achieving EBIT of over 8% by 2025. Geely will enhance the scale effect through the “full-scale construction of vehicles”, reduce model development and supply chain costs, and increase R&D efficiency by 30%. At the same time, it will achieve full-link digital intelligent manufacturing and global technology output to maximize cost reduction and efficiency. By 2025, Geely will achieve a two-fold increase in sales volume, the number one Chinese brand in market share, and a 30% increase in average bicycle revenue.

Operation Longwan Nine: 350 million shares, the first batch of 10,000 employees were motivated. This is the “biggest” employee equity incentive plan in the history of China’s auto industry. It is also an important signal for Geely to embrace change and transform into a technology-based enterprise, allowing more core employees to transform from “workers” into “partners.” Geely has a unique “talent forest” system. So far, Geely has established 9 vocational and higher education institutions, training more than 150,000 talents. The perfect talent training system and development channels have enabled enterprises to continuously emerge endogenous talents.

  

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Without talents, there is no technology, without technology, there is no future. The continuous evolution of talents and technology is the internal driving force of Geely’s development. Geely Automobile Group CEO Gan Jiayue said: “Technology has always been Geely’s number one attribute. “Smart Geely 2025″ is to create a smart travel experience that exceeds expectations for users! Create sustainable win-win value for partners! For Geely The big family creates endless happiness value! Create sustainable ecological value for the ecological environment! Share the future with the world!”

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