Geely Group sales to grow 4.7% in 2022
ZHEJIANG Geely Holding Group has announced total sales across its auto brands – Farizon, Geely Auto, Geometry, LEVC, Livan, Lotus, Lynk & Co, Polestar, Proton, Radar, Smart, Volvo and Zeekr – up 4.7% year-on-year – the year to exceed 2.3 million units in 2022.
This news marks the fifth year in a row Geely has recorded total sales of more than two million units, a 2022 figure that includes more than 675,000 new energy vehicles (NEVs) or 29% of total group sales.
Geely says it’s no coincidence that improved sales performance coincides with a “continued focus on electrification, next-generation technology and synergies in sustainability.”
By brand, Geely Auto – which includes Geometry, Livan, Lynk & Co and Zeekr – reported 2022 sales of 1.43 million units, an 8% increase year-on-year, mainly due to The company expanded its global presence and increased sales of NEVs.
The company says in the NEV segment (which includes BEV, HEV and PHEV models) it has seen sales “more than double” to 345,471 units.
Lynk & Co delivered 180,127 units globally in 2022. Citing the growth of its business registration model in Europe (up 145% to 180,000 members) and new markets, including those In the Middle East and Asia Pacific, Geely says Lynk & Co has now delivered more than 800,000 units since its founding in 2016.
Geely’s mass-market all-electric brand Geometry released two new models in 2022 and increased sales in Eastern Europe and South America significantly, growing 170% to 149,389 units.
Battery swap brand Livan sold 56,140 units in its first full year of production, while electric brand Zeekr completed its first full-year sales by exceeding its target of 70,000 units (71,941). Geely says it has a plan double sales of Zeekr . models by the end of 2023 when it moves to select European markets.
Proton Cars – in which Geely controls a 49.9% stake with DRB-Hicom – recorded a fourth straight year of growth with sales up 23.3% year over year.
The Malaysian national brand maintains the number two position in its home market and, according to Geely, will become the number three manufacturer in the ASEAN region, with exports in 2022 of 5406 units (up 79.1%).
British brand Lotus is credited with having a “strong order bank for its two latest models”, however Geely does not report actual sales figures.
Volvo cars will sell 615,121 units in 2022 – with 10.9% of them battery electric models – while Swedish electric car brand Poletsar beat forecasts of 50,000 units globally to reach 51,500 sales. pcs.
The newly announced Smart #1 has recorded sales of “more than 10,000” in China, with Geely saying it will expand the brand to markets including Southeast Asia and Europe in 2023.
Geely said Farizon increased brand sales by 55% and LEVC by 67%, though final sales figures were not specified.
In 2023, Geely said it anticipates increased demand for NEV models across its brands, and said supply chain disruptions and related component shortages are expected. will continue to decrease.
Among Geely subsidiaries, Geely Automotive Group has forecast a sales target of 1.65 million units by 2023 (up 15% in 2022), adding that Zeekr will increase double sales and Polestar will grow 60%.