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Investing.com -- Geely Galaxy debuted the L6 EM-i today, a new model priced at Rmb79.8k. The price is Rmb10k less than its pre-sale cost and Rmb20k below the cost of the existing L6 model.
This positions the L6 EM-i at a similar price point to the entry-level Qin Plus DM-i/Seal 05 DM-i from BYD (SZ:002594), excluding the God’s Eye System. The God’s Eye versions are priced from Rmb93.8k.
The L6 EM-i offers improved fuel efficiency at 2.9L/100km, a longer range exceeding 2000km, and features the Flyme Auto system.
Its launch coincided with a 6.8% rise in Geely’s share price, outperforming the Hang Seng Index, which rose by 2.6%.
Morgan Stanley (NYSE:MS) noted the importance of Geely’s forthcoming AI launch event in early March. They believe that the event, which is set to focus on their EM-i hybrid system and smart cockpit, will reveal more about Geely’s strategy and potential upgrades for smart driving.
This could be key for Geely to increase its presence in the mass market. Some investors anticipate that the AI event could trigger a stock movement similar to what BYD experienced after their smart driving event.
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