Geely's NEV Sales Surge by 60.6% in November

Geely's sales volume for November reached a record 355,000 units, with NEV sales up 60.6% year-on-year. The group's cumulative January-November sales exceeded 3 million units.

d1ev · 2024-12-09

Geely's November Sales Hit Record High; NEV Sales Surge by 60.6%

Geely Holding Group released its sales data for November today on December 9th. The sales volume for the group reached a new high. In November, Geely sold a total of 355,000 vehicles, marking a year-on-year increase of 20.7%; from January to November, the group cumulatively sold over 3 million units. Among them, Geely sold 176,100 units of NEVs in the month, seeing a year-on-year surge of 60.6%, showing a NEV penetration rate of 49.6%.

Performance of Geely's Sub-Brands

Let's take a look at the performance of each sub-brand under Geely Holding Group.

Sub-brand	Sales	Growth	Sub-brand	Sales	Growth
Geely Auto Group (including Geely Auto, Lynk & Co, Zeekr)	250,136	+27% YoY	Geely Auto	190,446	+24%YoY
			Zeekr	27,011	+106% YoY
			Lynk & Co	32,679	+9% YoY
Volvo Cars	66,977	+5% YoY	——	——	——
Proton	12,194	——	——	——	——

From the table above, we can learn that both Geely Auto and Zeekr brands show fast growth.

Among them, the Galaxy series contributed the most to the sales of Geely Auto in November, with deliveries of 75,200 units, showing a rapid growth of 121% year-on-year. You must be curious about the best-selling models! According to the company, the Geely Galaxy E5, launched on August 3, delivered 19,010 units in November. In three months, the model saw over 60,000 units delivered, showing the great potential as a bestseller.

Another best-selling model in the Geely brand is the Geely Xingyuan, with 20,038 units delivered in November. This car has been entered the market for only 49 days with over 30,000 units delivered, setting the fastest delivery record for A0-class pure electric sedans.

The Zeekr brand also showed a very high sales growth rate. In November, Zeekr series sales reached 27,000 units, a year-on-year surge of 106%.

Geely's Global Expansion Efforts

Besides, Geely Auto Group continues its global expansion, the sales overseas also saw a steady rise. In November, Geely Auto Group exports 32,814 vehicles to overseas markets, gaining a year-on-year increase of over 13%; from January to November, the company exports 379,396 units overseas accumulatively, gaining an impressive year-on-year increase of over 56%.

Significant Overseas Milestones in November

Here are the major overseas events for Geely in November:

1) Geely EX5 made its debut in Australia and New Zealand.

2) 100 Zeekr X vehicles was successfully delivered in the Hong Kong market.

3) The Lynk & Co 01 Euro version was unvailed in Europe.

4) Geely’s 500th store was open in Singapore.

5) Zeekr brand has set foot in 40 international mainstream auto markets including Sweden, Australia, the United Arab Emirates, Singapore, Mexico, and Egypt.