Broker: OCBC Investment Research
Date: 24 September 2024
Geely’s Commitment to Autonomous Driving
Geely is actively involved in the race to develop and commercialize autonomous driving (AD) technologies. Alongside other Chinese electric vehicle (EV) brands like XPeng, Li Auto, NIO, and BYD, Geely is pushing the boundaries of innovation in the AD space. The company’s efforts are focused on making significant advancements in self-driving technologies, which are expected to transform the driving experience by enhancing safety and convenience.
Role in China’s Autonomous Driving Landscape
Geely, like its competitors, sees autonomous driving as a key differentiator in the competitive EV market. With consumers increasingly prioritizing intelligent features and advanced connectivity in their vehicles, Geely’s focus on AD technology positions it as a leading player in the industry. By integrating these cutting-edge technologies into its EVs, Geely aims to meet the growing demand for autonomous and intelligent driving systems.
Government Support for AD and Intelligent Vehicles
Geely’s development in autonomous driving is supported by favorable Chinese government policies that encourage the advancement of Intelligent and Connected Vehicles (ICVs). These policies aim to accelerate the deployment of higher-level autonomous driving systems. Geely is well-positioned to benefit from China’s advanced infrastructure, including 5G networks, data centers, and connected highways, which are essential for supporting the commercial rollout of autonomous vehicles.
Strategic Advantage in the EV Market
Geely’s advancements in autonomous driving technology will play a crucial role in maintaining its competitive edge in China’s rapidly growing EV market. The company’s focus on integrating AD features into its vehicles aligns with broader industry trends, making it well-prepared to capture a significant share of the market as consumer interest in intelligent and autonomous vehicles continues to rise.
Conclusion
Geely is making significant progress in the autonomous driving space, positioning itself as a key player in China’s evolving EV market. With strong government support, advanced infrastructure, and a focus on intelligent driving solutions, Geely is poised to revolutionize the driving experience and lead the charge in the commercialization of autonomous vehicles.
