Zhejiang Geely Holding Group’s portfolio has a several prominent automotive brands, including Geely Auto, Geometry, Livan, LYNK & CO, Zeekr, Volvo Cars, Polestar, Proton, Lotus, smart, Radar, LEVC, and Farizon Commercial Vehicle. Yesterday, Geely Holding announced that sales across all of its brands grew 4.7% year-on-year to exceed 2.3 million units in 2022. This is the fifth consecutive year now where Geely Holding recorded more than 2 million units in aggregate sales.
The Geometry electric models have made significant inroads in markets such as Israel. The Geometry C sold, ahead of Tesla’s Model 3, which sold 2,959 cars last year. The Geometry C was also fourth in the overall car market in Israel. The Geometry C was also introduced into new markets in Eastern Europe and South America. In 2022, Geometry saw its sales grow 170% YoY to 149,389 units.
Then there is Polestar, the Swedish electric performance car brand which completed its IPO on the NYSE in 2022 and met its target to sell 50,000 vehicles globally with estimated full year volume reaching 51,500 cars, up approximately 80% YoY. The brand also unveiled its first electric performance SUV, the Polestar 3. In 2023, the brand anticipates global sales volume will increase nearly 60% to approximately 80,000 cars, led by strong Polestar 2 sales and first deliveries of the.
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Source: Reuters - 🏆 2. / 97 Read more »