Geely group sales exceed 2.2m units in 2021, up 5%


Zhejiang Geely Holding Group (ZGH) has introduced that combination sales throughout its automotive manufacturers – Geely Auto, Geometry, Lynk & Co, Zeekr, Volvo Cars, Proton, Lotus, LEVC and Farizon Commercial Vehicle – grew 5% year-on-year to exceed 2.2 million units in 2021, a brand new file for the group. That makes it the fourth consecutive year ZGH recorded over two million units in sales.

ZGH says that in a market disrupted by provide constraints, its portfolio of manufacturers confirmed resilient development, led by a quickly increasing world presence and sales of latest electrified automobiles. Sales of electrified and clear different gas passenger and business automobiles grew greater than 70% y-o-y, exceeding 330k units and accounting for over 15% of whole group sales.

The Hong Kong-listed Geely Auto holding firm, which incorporates Lynk & Co, Geometry and Zeekr, reported 2021 sales of 1,328,029 units, an roughly 1% improve. In 2021, Geely retained its place because the best-selling Chinese model for the fifth consecutive yr. Its return to development was led by abroad enlargement and new power automobile sales. Exports elevated 58% to 115,008 units. In the brand new power automobile section (EVs, PHEVs and hybrids), the corporate noticed a 47% bounce to 100,126 units.

Lynk & Co celebrated its fifth anniversary with new milestones. In 2021, the model delivered 220,516 automobiles, a rise of 26%. Since its inception, the model has delivered over 600k units, setting new data for development amongst world automobile manufacturers.

In Europe, Lynk & Co continues to increase with seven everlasting Lynk & Co Clubs in the Netherlands, Sweden, Belgium and Germany, in addition to many extra pop-up expertise centres. Last yr, the model introduced plans to enter new markets in the Gulf and Asia Pacific, beginning with Kuwait in November. Lynk & Co began providing hybrid powertrain choices on all its fashions.

Over at Geometry, Geely’s standalone mass market pure electrical model launched its most inexpensive EV ever in 2021, the EX3 Kungfu Cow metropolis crossover priced slightly below 60,000 RMB (RM40k). Geometry began its world enlargement in 2021, with the Geometry C compact SUV launched in Israel and Eastern European markets. The model plans to speed up its world footprint and launch 5 new fashions beginning this yr.

Zeekr, Geely’s “global electric mobility technology solutions brand”, was launched in 2021 together with its first premium EV mannequin, the Zeekr 001. By the top of the yr, 6,007 units of the 001 have been delivered. Zeekr additionally signed an agreement with Waymo to collectively collaborate on the event of a brand new EV for deployment as a part of the Waymo One autonomous ride-hailing fleet in the US.

Malaysia’s Proton, of which Geely has 49.9% stake, recorded its third consecutive year of growth with a 4.5% improve in sales plus enlarged market share. In 2021, the model’s success was supported by its enhancing high quality, service dedication and premium model expertise, Geely says.

UK sports activities automobile model Lotus completed the yr on a excessive – with an enormous 24% development, it was the best sales performance in a decade. Last yr noticed Hethel unveil its first new mannequin in over twenty years, and the model’s last gasoline powered mannequin, the Emira. Lotus’ future is electrical, and it has unveiled plans for an entire new line-up of electric models in 2022.

Volvo reached a brand new milestone when it publicly listed on the Stockholm Nasdaq Exchange in late 2021, opening the model to Swedish and world buyers for the primary time in over twenty years. For the complete yr, Volvo noticed its sales improve by greater than 5% to 698,693 automobiles. Growth got here primarily by means of sales of electrified Recharge fashions, which grew by 63.9% in 2021. Volvo has dedicated to be totally electrical by 2030.

Polestar, in its second yr of manufacturing the Polestar 2 mannequin, bought 29,000 automobiles globally, a rise of 185%. By 2025, the model expects its sales to extend ten-fold to 290,000 units. In the previous yr, the EV model introduced new upcoming models together with its first SUV, the Polestar 3, and plans to begin manufacturing in the US. The model’s world footprint practically doubled to 19 markets in 2021. This yr, Polestar plans to plant its flag in Hong Kong, Spain, Portugal, Ireland, Israel, UAE and Kuwait.

Farizon, the commercial vehicle brand beneath the Geely New Energy Commercial Vehicle Group, achieved exponential development over 2021 with new power product portfolio. The model noticed sales bounce by greater than 759% with over 42,000 automobiles bought. In a number of market segments in China, the model has change into the market chief, together with the brand new power mild truck and heavy truck section, the place it achieved market share of greater than 20% and 10% respectively.

UK’s LEVC is constant its transformation from being a British provider of vary prolonged taxis and vans to a world exporter. The historic maker of London black cabs has expanded its world seller community to 21 markets together with China, Spain, Sweden, Germany and Belgium. LEVC goals to remodel from 90% home sales to 60% export sales by 2024

This yr, ZGH anticipates continued stable demand throughout its manufacturers, mobility providers and expertise operations as disruption linked to the coronavirus pandemic and provide chain shortages start to ease. The group’s combination sales is anticipated to exceed 2.5 million automobiles in 2022, backed by sturdy development in electrified automobiles and enlargement into new markets.

Zooming in, Geely Automobile Group has set a sales goal of 1.65 million units for 2022, a rise of 24%. Zeekr is planning to ship 70,000 units of the 001, greater than 10 occasions its first yr sales. Polestar has additionally set a excessive goal of 65,000 EVs, a virtually 125% improve.

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