On October 1, Geely Automobile Holdings Co., Ltd. (0175. HK) announced the latest sales data: passenger car sales in September were 201949, a year-on-year increase of about 21% and a month-on-month increase of more than 11%. From January to September, the Group's cumulative sales volume was 1489690 units, a year-on-year increase of more than 32%, and the sales volume growth momentum was rapid, far exceeding the market average, and it was one step closer to the annual sales target of 2 million units.
In terms of new energy, Geely Automobile Group's new energy sales (including Geely brand, Lynk & Co brand, and Zeekr brand) reached 91,134 units in September, a year-on-year increase of about 76%, a month-on-month increase of more than 20%, and the proportion of new energy exceeded 45%, setting a new record high. From January to September, the total sales of new energy reached 545854, a year-on-year increase of more than 93%, showing an extremely upward growth trend as a whole. Geely Automobile Group has been steadily moving towards new energy and has maintained a strong momentum in the field of new energy, and the new energy transformation has entered a stage of full outbreak. In the second half of the year, Geely will also launch a variety of new energy products, continuing to focus on the main business of automobiles.
The new star products have pushed up sales, and Geely has entered a new stage of new energy outbreak
As a new mid-to-high-end new energy series of the Geely brand, Geely Galaxy sold 29,047 vehicles in September, up 122% year-on-year. From January to September this year, Geely Galaxy sold 153682 vehicles, a year-on-year increase of about 250%. Its first pure electric SUV, Geely Galaxy E5, has grown rapidly, integrating GEA architecture, Aegis short knife battery, Galaxy 11-in-1 intelligent electric drive, "Rubik's Cube" thermal management system, "Dragon Eagle No. 1" 7nm vehicle-grade chip, Galaxy Flyme Auto intelligent cockpit and other car-making technologies, following its launch on August 3, it has successively broken sales records, with more than 10,000 deliveries in 20 days and 20,000 in 45 days, and sales in September reached 14,253 units, an increase of more than 16% month-on-month. It has become the fastest A-class pure electric SUV to break 20,000 since its launch. This has also driven the Geely Galaxy series to the fast lane of growth, with a cumulative sales volume of nearly 240,000 units since its delivery 16 months ago, making it the fastest growing "new energy manufacturer". With the overseas debut of its first global model, Geely Galaxy E5, Geely Galaxy will accelerate its entry into the global mainstream new energy market and lead the "Galaxy Speed" to a new level.
Good market feedback comes from the continuous improvement of products and services. In September, the new generation of pure electric flagship Geely Galaxy E8 ushered in the first major version of the OTA update, which was fully upgraded and equipped with the Galaxy Flyme Auto intelligent cockpit system, and realized a number of functions such as "Ai Galaxy Genie" on the car, WANOS panoramic sound, etc. So far, the Geely Galaxy E8 has completed 4 OTAs, added 57 new functions, and optimized 211 experiences to create a better smart travel experience for users.
In order to continue to build a diversified and high-quality new energy product matrix, Geely's new A0-class pure electric sedan Geely Xingyuan has opened pre-sale on September 14, with a total of 5 major versions of Xingyuan UP and Xingyuan 2 major car series, with a pre-sale price of 78,800~107,800 yuan. The new model is based on the GEA architecture and comes standard with the Galaxy Flyme Auto intelligent cockpit system, 11-in-1 intelligent electric drive, smart rear-wheel drive, independent suspension, etc., and is expected to be officially launched on October 9.
Lynk & Co, a global high-end new energy brand, sold 25,803 vehicles in September, a year-on-year increase of 18%, of which new energy products accounted for more than 67%, and the proportion increased month by month. From January to September, Lynk & Co sold 195603 vehicles, a year-on-year increase of about 40%. The continuous increase in sales of Lynk & Co new energy is inseparable from the continuous enrichment and iteration of products. Among them, the new luxury intelligent C-class sedan Lynk & Co Z10 was officially launched on September 5, equipped with 5 versions, with a unique aesthetic original appearance, a starship intelligent cabin with all five senses, and more than fast Lynk & Co driving control, bringing users a three-in-one pure electric travel experience of driving, comfort and security, and redefining the value standard of C-class sedan. In order to meet the personalized needs of different users, on September 25, Lynk & Co and Meizu jointly launched the customized version of the Z10 STARBUFF, equipped with the world's first Flyme Auto high-energy e-sports entertainment cockpit, achieving a new generation of e-sports king cars.
In addition to the all-electric model, Lynk & Co's plug-in hybrid model also performed well. On September 8, the Lynk & Co EM-P superelectric twin star composed of Lynk & Co 07 and 08 exceeded 100,000 deliveries in one fell swoop, opening a breakthrough in the medium-sized and high-value plug-in hybrid market and further promoting Lynk & Co's continuous acceleration in the new energy era.
Luxury technology brand Zeekr (NYSE:ZK) delivered 21,333 vehicles in September, up 77% year-on-year and 18% month-on-month, and delivered 142873 vehicles from January to September, up 81% year-on-year. As of the end of September, ZEEKR has delivered nearly 340,000 vehicles. Among them, the ace product ZEEKR 001 ranks first in the sales of pure electric models of more than 250,000 yuan, and the luxury flagship MPV ZEEKR 009 ranks first in the sales of pure electric models of more than 400,000 yuan.
ZEEKR can quickly break through in the highly competitive new energy market, which is closely related to the introduction and upgrading of high-value products. On September 20, its luxury five-seater SUV ZEEKR 7X was launched and delivered, with original luxury design, luxurious and flexible space, intelligent interactive cockpit, vast intelligent driving 2.0, extreme performance in all scenes, 800V high-voltage system, etc., integrating safety and luxury experience, which not only complements the layout of ZEEKR family SUV track, but also reshapes a new benchmark for pure electric SUVs for the industry.
In order to meet the needs of different markets and users, Geely adheres to the development of multiple energy paths. In September, Geely brand sales 154813 units, up 16% year-on-year and 10% month-on-month. From January to September, the Geely brand sold 1151214 vehicles, a year-on-year increase of about 27%. Among them, the "China Star" high-end series is still climbing rapidly, with sales of 42,972 units in September, a year-on-year increase of more than 41%, and the cumulative sales volume has exceeded 1.19 million units since its launch. In particular, Xingrui and Xingyue L have both exceeded the 500,000 mark in cumulative sales since their listing, continuing to break the monopoly of joint venture brands in the A-class market.
The three major brands strengthened their global layout, and the overseas market burst into vitality
With the deepening penetration of the global new energy market, overseas markets continue to burst out with growth vitality. In September, Geely Automobile Group's overseas export sales were 39,183 vehicles, a year-on-year increase of more than 51%; From January to September, the cumulative sales of overseas exports were 314038 units, a year-on-year increase of more than 68%.
Among them, Geely's first overseas exclusive test base, the European test base, was unveiled on September 8, taking a key step in Geely's global product verification. In the future, Geely will build 16 test bases around the world to accelerate global deployment.
Geely recently opened a new flagship showroom in Jeddah, Saudi Arabia, to deepen its connection with local users, while continuing to cultivate five regions around the world and accelerate its expansion into emerging markets such as Australia, New Zealand, Indonesia and Viet Nam. The Lynk & Co brand landed in Uruguay and Costa Rica with Lynk & Co 01, 03, 03+, 05, 06, 09 and other models, officially sounding the clarion call to enter the Latin American market in addition to the Asia-Pacific and European strategies. The ZEEKR brand launched the right-hand drive ZEEKR 009 in Thailand, further opening up the global right-hand drive market after the right-hand drive ZEEKR X. With the increasing improvement of global products, ZEEKR has entered 35+ countries and regions around the world, building 484 stores.
Thanks to the help of the three brands, Geely Automobile Group's overseas influence continues to increase. At the EVA Frankfurt Electric Vehicle Expo in September, nearly 10 new electric products such as Geely Galaxy E8, Geely Galaxy E5, Geely Xingyuan, Lynk & Co Z10, Lynk & Co 01, ZEEKR MIX, ZEEKR 001FR and ZEEKR X were unveiled to further shape the brand image of China's new energy vehicles.
Continuous innovation of technologies such as the integration of heaven and earth, Raytheon Power, etc., promotes the strategic transformation of enterprises
Geely's accelerated new energy transformation and globalization layout are due to its long-term in-depth innovation in electrification and intelligent technologies, especially with the implementation of the "Smart Geely 2025" strategy, more new technologies and applications are emerging.
As one of Geely's core technologies in the field of electric power, a new generation of Raytheon super electric hybrid will be released within the year, with a thermal efficiency of 46% certified by the authoritative organization China Automotive Research Huacheng Certification Center "Energy Efficiency Star", which can achieve a range of more than 2,000 kilometers when fully fueled and fully charged, pushing the lowest feed fuel consumption to the "2L" era.
In September, the third orbital plane of Geely's future travel constellation was successfully launched in the form of one arrow and 10 satellites, so far Geely Future Planetary constellation has 3 orbital planes with a total of 30 satellites in orbit, covering 90% of the global area 24 hours a day, opening the prelude to the first time that China's commercial aerospace enterprises provide communication services to the world.
Against the backdrop of fierce market competition and new energy transformation, Geely Automobile Group is accelerating in the direction of "comprehensive to new". Guided by the Taizhou Declaration, Geely actively implements the five major measures of "Strategic Focus, Strategic Integration, Strategic Synergy, Strategic Stability, and Strategic Talent", focuses on the main automotive business, lays out the scientific and technological ecology, and accumulates energy to improve the user's intelligent travel experience through the development of unique high-tech, high-efficiency, and high-quality "new quality productivity", so as to smoothly enter a new stage of new energy strategic transformation.