19 January 2021 12:48 pm / 25 comments
Zhejiang Geely Holding Group (ZGH) has announced that its total group sales exceeded 2.1 million units in 2020. Under the holding group are three subsidiary units – Geely Auto Group, Volvo Car Group and Geely New Energy Commercial Vehicle Group – and eight brands.
Over 2.1 million is a good result for the Geely group as 2020 was a year dominated by the global coronavirus pandemic and many parts of the world had work stoppage to control the spread of Covid-19, including its home market of China.
Geely says that its brands performed resiliently amid the volatility of 2020 and “in the second half of the year, our brands saw a strong return to growth compared to the same period in the previous year”. ZGH did not share the exact 2020 sales figure beyond “exceeded 2.1m”, so perhaps the final tally was just shy of the 2019 total of 2.178 million units. Still a strong result with context.
Geely sold 1.32m cars in 2020, expands China market share, maintains best-selling domestic brand status
7 January 2021 1:00 pm / 13 comments
Geely has reported sales of 1,320,217 units in 2020 (including Lynk & Co), beating its 2020 revised annual target. The carmaker says that both its namesake brand and Lynk & Co have seen market share grow, and Geely retains its position as the best-selling Chinese brand for four consecutive years. The 2019 tally was 1,361,560 units, so it’s just slightly lower despite a virtual shutdown of China’s auto market in Q1 due to Covid-19.
China has bounced back from the coronavirus and life there is pretty much normal these days, in contrast to many parts of the world. Geely will “focus on adjusting it product strategy” this year, and with new models on the way, its 2021 sales target is 1.53 million units, a 16% increase from 2020.
Geely has released official ‘spy photos’ of an upcoming crossover, which will go into production in the third quarter of 2021.
The company is keeping details under wraps, but confirmed the model will ride on the Compact Modular Architecture (CMA) which underpins the Polestar 2, Volvo XC40 and an assortment of Lynk & Co vehicles. The platform is also used on Geely’s Xing Yue crossover coupe and Xing Rui sedan.
While the pictures aren’t very revealing, the crossover sort of resembles a larger XC40. However, there are a number of differences including a unique front fascia, a flatter beltline and a longer rear overhang. We can see a panoramic glass roof and a grille with vertical bars.