02-04-2025
Geely sales gather speed behind EV demand
New-vehicle sales at Geely Automobile Holdings, China's second-largest private carmaker after BYD Co., spiked 54 percent to 232,177 in March.
The sales surge was driven by the company's electrified models, according to data Geely released April 1.
March deliveries of full-electric vehicles at the company soared 204 percent to 86,329.
Geely mainly markets electric models under the premium Zeekr brand and the mass-market Galaxy marque.
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Last month, Zeekr sales rose 19 percent to 15,422 while Galaxy deliveries shot up 290 percent to 90,032.
The Galaxy Xingyuan, a subcompact sedan that hit the domestic market in October 2024, remained the top-selling EV model at Geely in March, generating volume of 32,490.
Geely's March sales of plug-in hybrids more than doubled from a year earlier to 33,367.
Overall, deliveries of EVs and plug-in hybrids reached 119,696 in March, rallying 167 percent from a year earlier and reflecting 52 percent of Geely's total sales in the month.
In the first quarter, Geely's vehicle sales climbed 48 percent to 703,824 on stronger EV and plug-in hybrid volume.
The sales growth largely reflected robust demand for the company's vehicles in China.
Geely's March exports edged up just 1 percent year on year to 37,047, with year-to-date exports rising 2 percent from a year earlier to 89,953.
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