Geely continues to expand its global influence

China's Geely Group had sold 2,148,405 light vehicles (passenger+LUV) by 2021, up 2% from 2020, ranking twelfth in the world last year. Sales were distributed as follows: 831,551 of the Geely brand, 698,693 of the Volvo brand (33% of group sales), 259,703 of the Emgrand brand, 220,516 of the Lynk&Co brand, 107,530 of the Proton brand, 29,101 of the Geometry brand and 1,311 of the Lotus brand, with Polestar brand sales counted in Volvo's figures.


The Geely Group, which was the first independent Chinese automaker in 2021, is now displaced in 2022 by electric and plug-in hybrid vehicle producer BYD, which is performing spectacularly this year, doubling its sales volume year-on-year.


Geely nevertheless remains one of the leading Chinese carmakers and one of the most ambitious, thanks to its acquisition of Volvo and Polestar, but also thanks to a 49.9% stake in Proton, 51% in Lotus, 50% in Smart, 9.7% in Mercedes and now 7.5% in Aston-Martin (already 9.7% owned by Mercedes). Geely also owns a minority stake in Volvo Trucks. Geely also owns London Taxis International, which manufactures the TX4 cab. Finally, Geely vehicles will be manufactured at Renault's Korean site (formerly Renault Samsung) in 2024. In addition, the Lynk & Co brand is starting to be known in Europe, expect the new premium brand Zeekr. The Chinese carmaker is thus showing some momentum, which makes it optimistic about the future.


22-26-5
 
    
 

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