Latest news with #ZhejiangGeelyHoldingGroup
Yahoo
16-04-2025
- Automotive
- Yahoo
Geely Holding sales surge 31% in Q1
Chinese automaker Zhejiang Geely Holding Group reported a 31% year-on-year surge in global vehicle sales to 946,627 units in the first quarter of 2025, driven by an 83% jump in new energy vehicle (NEV) sales to 463,372 units – or 49% of its total vehicle sales in this period. Geely Automobile Holdings Limited, comprising the group's Chinese brands, reported a 48% increase in first-quarter sales to 703,824 units, including 589,813 Geely-branded vehicles, 72,608 Lynk & Co sales, and 41,403 Zeekr sales. The company's commercial vehicle unit, Farizon New Energy Commercial Vehicle Group, saw its sales rise by 62% to 26,710 units. Sales outside China amounted to 89,953 units, underpinned by the recent roll-out of the EX5 in Indonesia, Australia, New Zealand, Vietnam, and across Latin America. First-quarter sales by the group's Volvo Cars subsidiary amounted to 172,219 vehicles, including 74,483 NEVs, while Polestar sold 12,304 units. Geely has stepped up its globalization strategy in the last two years, underpinned a strong new product launch strategy. Exports from China surged by 57% to 414,522 units last year, with the company reporting strong demand for its products in the Middle East, Asia-Pacific, Africa, Latin America and Europe. "Geely Holding sales surge 31% in Q1" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
16-04-2025
- Automotive
- Yahoo
Geely Holding sales surge 31% in Q1
Chinese automaker Zhejiang Geely Holding Group reported a 31% year-on-year surge in global vehicle sales to 946,627 units in the first quarter of 2025, driven by an 83% jump in new energy vehicle (NEV) sales to 463,372 units – or 49% of its total vehicle sales in this period. Geely Automobile Holdings Limited, comprising the group's Chinese brands, reported a 48% increase in first-quarter sales to 703,824 units, including 589,813 Geely-branded vehicles, 72,608 Lynk & Co sales, and 41,403 Zeekr sales. The company's commercial vehicle unit, Farizon New Energy Commercial Vehicle Group, saw its sales rise by 62% to 26,710 units. Sales outside China amounted to 89,953 units, underpinned by the recent roll-out of the EX5 in Indonesia, Australia, New Zealand, Vietnam, and across Latin America. First-quarter sales by the group's Volvo Cars subsidiary amounted to 172,219 vehicles, including 74,483 NEVs, while Polestar sold 12,304 units. Geely has stepped up its globalization strategy in the last two years, underpinned a strong new product launch strategy. Exports from China surged by 57% to 414,522 units last year, with the company reporting strong demand for its products in the Middle East, Asia-Pacific, Africa, Latin America and Europe. "Geely Holding sales surge 31% in Q1" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Korea Herald
25-03-2025
- Automotive
- Korea Herald
Zeekr sets up Korean entity, eyes 2026 market entry
China's premium electric vehicle brand Zeekr has established a Korean entity, paving the way for its market entry next year. Zeekr, a subsidiary of China's Zhejiang Geely Holding Group, founded Zeekr Intelligent Technology Korea on Feb. 28. According to its registration with the Korean Supreme Court, the Korean office will handle imports, distribution, sales and after-sales services for vehicles and related products to be sold here. Its business scope includes the development, manufacturing and processing of EV batteries, suggesting potential expansion into battery production in Korea. The brand's regional director for East Asia, Cao Yu, is registered as the corporation's representative director, while Kim Nam-ho, who has led Zeekr's launch in Korea, is also registered as an inside director. As part of its plan to make a foray into the Korean market as early as 2026, Zeekr completed its trademark registration with the Korean Intellectual Property Office on March 17. At the end of 2024, it also selected five Korean dealers — H Motors, Iron Motors, Gojin Motors, KCC Auto Group and Aju Autorium — for sales and after-sales service for its models. As these dealerships have previously sold other Geely Group brands, including Volvo, Polestar and Lotus, the industry expects Zeekr to enter the Korean market more smoothly than Chinese EV brand BYD, whose entry has been delayed for over a month while awaiting EV subsidy qualification after its launch in January. The Zeekr 001 sedan and Zeekr 7X sport utility vehicle are expected to be the first models to arrive in Korea, and the intellectual property authority is currently reviewing the Chinese automaker's trademark application for the 7X name. Launched in Europe last December, the premium SUV's rear-wheel-drive model is priced at 53,000 euros ($57,380), while the all-wheel-drive model starts at 63,000 euros, highlighting its differentiated positioning from other budget EV models from China.
Korea Herald
23-03-2025
- Automotive
- Korea Herald
Zeekr sets up Korean entity, aims for 2026 market entry
China's premium electric vehicle brand Zeekr has established a Korean entity, paving the way for its market entry next year. Zeekr, a subsidiary of China's Zhejiang Geely Holding Group, founded Zeekr Intelligent Technology Korea on Feb. 28. According to its registration with the Korean Supreme Court, the Korean office will handle imports, distribution, sales and after-sales services for vehicles and related products to be sold here. Its business scope includes the development, manufacturing and processing of EV batteries, suggesting potential expansion into battery production in Korea. The brand's regional director for East Asia, Cao Yu, is registered as the corporation's representative director, while Kim Nam-ho, who has led Zeekr's launch in Korea, is also registered as an inside director. As part of its plan to make a foray into the Korean market as early as 2026, Zeekr completed its trademark registration with the Korean Intellectual Property Office on March 17. At the end of 2024, it also selected five Korean dealers — H Motors, Iron Motors, Gojin Motors, KCC Auto Group and Aju Autorium — for sales and after-sales service for its models. As these dealerships have previously sold other Geely Group brands, including Volvo, Polestar and Lotus, the industry expects Zeekr to enter the Korean market more smoothly than Chinese EV brand BYD, whose entry has been delayed for over a month while awaiting EV subsidy qualification after its launch in January. The Zeekr 001 sedan and Zeekr 7X sport utility vehicle are expected to be the first models to arrive in Korea, and the intellectual property authority is currently reviewing the Chinese automaker's trademark application for the 7X name. Launched in Europe last December, the premium SUV's rear-wheel-drive model is priced at 53,000 euros ($57,380), while the all-wheel-drive model starts at 63,000 euros, highlighting its differentiated positioning from other budget EV models from China.
Associated Press
21-03-2025
- Automotive
- Associated Press
Integrating industry and education: Geely chairman Li Shufu dedicated to nurturing talent
BEIJING, CHINA - Media OutReach Newswire - 22 March 2025 - Geely has long invested more than ten billion yuan ($1,381 million) in the education field, and established a total of seven colleges and universities, enrolling over 90,000 students and training more than 200,000 graduates, 80 percent of whom are employed in related industries in China. 'I intend to dedicate more energy to education and nurturing talent, helping the next generation grow,' said Li Shufu, chairman of Zhejiang Geely Holding Group, at an interview with China News Service. In Li Shufu's view, an important factor for the healthy and sustainable development of Geely's automobile industry is the integration of industry and education. Over the past 30 years, Geely and its strategic partners have established over 30 major categories and 300 types of vocational positions for Geely's colleges and universities. This initiative covers most academic disciplines and has resulted in the creation of more than 20 modern industrial colleges in collaboration with these institutions. 'As long as I can train students, observe their growth, and witness their development, I am very happy,' said Li. Li got involved in the automotive industry in 1996, a time when car manufacturing was dominated by state-owned enterprises, but he firmly believed that it was by no means impossible for private enterprises to make cars. 'My idea was that we should strive to make Chinese cars renowned worldwide rather than allowing global cars to merely fill the streets of China,' he said. In a forty-year effort, Li witnessed the first appearance of Chinese cars at an international auto show, led his company to acquire Western car manufacturers, and strengthened automotive research and development through satellite research and development. He has turned each of his 'wildest dreams' into reality.
