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The Chinese group Geely, owner of Volvo, wants to accelerate its electrification. Electric cars will account for half of its sales next year.
The Geely group is now one of the world’s automotive giants, with a well-stocked portfolio of brands. The owner of Volvo and Lynk & Co, but also Zeekr, Geely and more recently Livan, is accelerating its electrification.
During the first half of the year, the group recorded a drop in sales of 9%. Nevertheless, the trend towards ‘zero emissions’ is unmistakable in these figures. Where its sales of thermal cars fell by 20%, Geely saw its sales of electrified cars increase by 400%.
Electric and hybrid now account for 18% of Geely group sales. Among these cars, there are more than 70% electric vehicles, around 20% plug-in hybrids and 10% hybrids. With the current trend, electrified models will represent 30% of sales in the second half of 2022.
Jerry Gan, the CEO of Geely, even thinks that this figure will reach 50% by next year. For this, Geely is also developing the export of its models, and in particular of Lynk & Co. The manufacturer has reached Europe, and sold 10,192 units on the Old Continent in the first half. With these encouraging figures, Geely plans to increase its presence in Europe in the future.
Zeekr, the new brand from Geely to compete with Tesla