Geely surpassed a significant milestone in October, selling over 100,000 NEVs for the first time in a month. While this figure pales in comparison to BYD’s half-a-million mark, it signals Geely’s rapid emergence as a force to be reckoned with in the NEV market.
The company’s October NEV sales stood at 108,722, a 19% increase from the previous month and a more notable 83% jump year-on-year. Furthermore, cumulative NEV sales from January to October totaled 654,576, putting Geely on track to hit the 900,000 mark for the year.
Surprisingly, the biggest contributor to the total sales in October, with 63,492 units, was the Geely Galaxy line, which was only launched last year and includes both electric and plug-in hybrid vehicles (PHEVs).
Geely recently unveiled its new NordThor 2.0 PHEV system, also known as EM-i, which will be featured in the upcoming Galaxy Starship 7 and Galaxy L6 automobiles. This system boasts a world-leading 46.5% thermal efficiency rate for its ICE and an 11-in-1 electric drive system. NordThor 2.0 offers a combined range of 2,390 km and a fuel consumption rate of 2.67 l/100km.
In August this year, Geely launched the Galaxy E5, an electric SUV that introduced the company’s new short-tongue lithium iron phosphate battery pack, the Aegis. This model sold over 12,000 units in its first 20 days on the market.
Zeekr delivered 25,049 vehicles in October, and sales are expected to accelerate in the coming months with the recent launches of both the Mix and 7X. Currently, Zeekr solely offers all-electric vehicles.
Meanwhile, Lynk & Co sold 19,992 vehicles in October. Up until recently, the brand’s only NEV offering was the PHEV, which utilized the performance-oriented EM-P version of the NordThor powertrain.
Earlier this year, the brand launched its first all-electric sedan, the Z10. In October, it introduced its second all-electric model, the Z20, in Europe.
Geely also launched the Geome Xingyuan in September. As of October 27, over 11,500 units had been delivered, and by mid-October, reports indicated that orders had already surpassed 50,000.
The Electric Revolution: China’s Dominance in the Global NEV Sales Race
In the first eight months of 2024, global auto sales reached an impressive 58.24 million units, with new energy vehicles (NEVs) accounting for 9.39 million units of this total, an impressive 16.1% market share.
“Tasco Forms Venture with Geely to Assemble and Distribute Cars in Vietnam”
The joint venture between Tasco and Geely is set to break ground in the first half of 2025, with the first cars rolling off the production line and into customers’ hands by early 2026.
“Tasco and Geely: A Strategic Automotive Partnership in Vietnam”
Recently, Tasco Joint Stock Company (“Tasco”) and Geely Auto Group (“Geely”) signed a car assembly and distribution joint venture agreement in Vietnam. Along with this, a strategic tripartite cooperation agreement was also signed with the Management Board of the Economic Zone and Industrial Parks in Thai Binh Province.
Automotive Innovation: Zeekr 7X’s Life-Saving Feature.
Zeekr, an innovative automotive brand, has unveiled a potentially life-saving feature: a system that breaks through car windows in the event of water-related emergencies, such as flooding or the vehicle plunging into a body of water.
The Ultimate Luxury Electric MPV: Will the Renowned Zeekr 009 Make its Debut in Vietnam by Year-End?
Recently, Tasco Auto has officially announced its distribution of the Zeekr brand in the Vietnamese market. This marks a significant step forward for both companies as they venture into new territories. With Tasco Auto’s strong presence in the automotive industry and Zeekr’s innovative electric vehicle technology, this partnership is set to revolutionize the way people experience mobility in Vietnam.
