Geely Automobile sold 137,897 vehicles in June, and the new energy penetration rate hit a new high this year

On July 6, Geely Automobile Holdings Limited (0175.HK) announced sales data for June and the first half of 2023: passenger car sales in June were 137,897 units, an increase of about 9% year-on-year, and an increase of about 15% month-on-month. At present, it has maintained year-on-year and month-on-month double growth for 5 consecutive months. From January to June, the cumulative sales volume was 694,045 units, an increase of more than 13% year-on-year.

In June, Geely Automobile’s new energy penetration rate was about 28%, setting a new high for the year: 10620 units were delivered, an increase of about 147% year-on-year; Geely Galaxy L7 sold 9673 units in the first month, staging the Galaxy speed; Geely Galaxy L6 also officially appeared, creating a new era of AI intelligent cars.

Facing the trend of intelligence and electrification, in the first half of 2023, Geely Automobile firmly pursued an innovation-driven high-quality development strategy, solidifying the fundamentals while promoting the acceleration of its various brands. With a number of highly competitive high-value products such as the Geely Galaxy series, Geely Automobile has effectively consolidated its leading position in the Chinese automotive market.

New energy sales hit a new high this year, and Geely Galaxy’s "first victory" market continues to rise

In June, new energy (including Geely, Lynk & Co, Extreme Krypton, and Ruilan) sold 38,572 vehicles, an increase of about 30% year-on-year and an increase of about 43% month-on-month; from January to June, the cumulative sales of new energy sold 157,889 vehicles, an increase of about 44% year-on-year.

The new trend technology brand JK delivered 10,620 units in June, an increase of about 147% year-on-year, an increase of more than 22% month-on-month, and sales of 42,633 units in the first half of the year, an increase of more than 124% year-on-year. As of the end of June, JK delivered a total of 120,581 units, once again setting a new luxury brand delivery record. Among them, the new luxury all-purpose SUV JK X took only 60 days from listing to delivery, and once again refreshed the speed of JK; JK 001 WE version of the thousand-mile battery life set was officially delivered to Ningde Times, and the CLTC comprehensive working condition cruising range reached 1032km; JK 009 served as the tinder car for the Hangzhou Asian Games, showcasing China’s

Geely brand’s popular fashion pure electric series Geometry sold 12,701 units in June, and the cumulative sales in the first half of the year reached 82,851 units, an increase of more than 52% year-on-year. In June, a variety of modified works of Panda mini joined hands with Hangzhou Asian Games mascot "Jiangnan Yi" to appear at the West Lake National Style Festival, once again highlighting its product label of "New Playmates for National Travel".

Geely Galaxy L7, the first model of the Geely Galaxy series, sold 9,673 units in the first month, and the market heat is on the rise. At present, the 10,000th car of Geely Galaxy L7 has been officially rolled off the production line, and multi-city delivery has been started simultaneously. In June, Geely Galaxy L7 won the 2023 China Automobile Low Carbon Leader Model with an excellent result of the whole vehicle carbon footprint being lower than the industry average of 16.2%, ranking first in the A-class plug-in hybrid passenger car. On July 6, Geely Galaxy L6, a new member of the Geely Galaxy series, also made its debut, ushering in a new era of AI smart cars. It will form a "new generation of ultra-hybrid CP" with Geely Galaxy L7, accelerating the development of the mainstream electric hybrid

"Electric replacement light travel popularizer" Ruilan car sold 4,211 units in June, an increase of about 4% month-on-month. On June 9, the "intelligent rear-drive SUV" Ruilan 7, which focuses on young sports tracks, and the "medium and large 6/7 seat pure electric SUV" Ruilan 9, which focuses on family practical tracks, jointly appeared at the Chongqing Auto Show, and continued to expand the C-end market with a dual-engine product strategy.

Geely’s many classic serial products are new, and Lynk & Co is shortlisted for the first time in the "2023BrandZ Top 50 Chinese Global Brands"

In June, Geely brand (including geometry) sales of 106,691 units, an increase of about 15%, the first half of the cumulative sales reached 553,250 units, an increase of more than 10%. Classic sequence products continue to sell well: "China Star" high-end series sales of 25,411 units, an increase of more than 19%, the cumulative sales exceeded 670,000 units; Boyue family sales reached 21,564 units, an increase of about 23%; Shuangbin family sold 114,235 units during the year, an increase of about 17%.

On June 6, the 4th generation Emgrand 2023 champion model was officially launched, with a newly upgraded power system, a number of new intelligent interconnection configurations, and a limited-time preferential price starting from 61,900 yuan, becoming the first choice for 6-80,000 yuan A-class palanquins, continuing to write Emgrand family 13 years of championship glory.

In order to meet the diverse needs of users, Xingrui 1.5TD version was officially launched on June 18, with an official guide price of 108,700 yuan, highlighting the outstanding advantages of fast power, tough chassis and stable performance with traditional Chinese lion dance culture, and bringing new smart travel options.

The global new high-end brand Lynk & Co sold 16,375 vehicles in June, an increase of more than 24% year-on-year and an increase of 13% month-on-month. The cumulative sales volume in the first half of the year reached 82,037 vehicles. On June 15, Lynk & Co 09 Asian Games Executive Edition was officially launched, with an official guide price of 289,900 yuan. With its core advantages such as super space, super luxury, super easy to drive, and super safety, it was listed as the official designated car of the Asian Games. In addition, Lynk & Co 09 EM-P became the sponsored car of the 2023 Tianjin Summer Davos Forum, showing the strength of China’s new high-end brands to the world with a safe and excellent exclusive experience. Lynk & Co also entered the "2023BrandZ China Top 50 Global Brands" list for the first time, becoming the fastest and youngest car brand from brand establishment to debut, and continuing to lead the upward development of Chinese car brands.

Export sales continue to grow at a high speed, and the European strategy of polar krypton is officially launched

Geely Automobile Group exported 22,627 vehicles in June, continuing to maintain rapid growth; from January to June, the group’s cumulative export sales reached 121,185 vehicles, an increase of over 38% year-on-year.

Among them, Geely brand accelerated the process of models going overseas. In June, the new Coolray (Colorful) was unveiled in Bahrain and Ecuador one after another. With its outstanding advantages such as youthful dynamic, cool technology and strong power, Coolray’s global sales have exceeded 710,000 vehicles. On June 23, the new Geometry C was officially launched in Israel. Previously, Geometry C has become the best-selling pure electric model in Israel in 2022, and has been loved by 11,000 users. With the launch of the new Geometry C, it will bring local users a better electric travel experience with 485KM (WLTP standard) long battery life strength, futuristic technological design and rich technical configuration. On June 24, Emgrand and Okavango were launched in the Iraqi market, deepening their strategic layout in the Middle East market with a richer product line.

Extreme Krypton officially landed in the European market. On June 28, Extreme Krypton 001 and Extreme Krypton X officially opened pre-sale in Sweden and the Netherlands, starting at 59,490 euros (about 472,000 yuan) and 44,990 euros (about 357,000 yuan), and simultaneously provide financial, energy, after-sales, vehicle to everything and other one-stop services, with high-end image and cutting-edge strength, to create the world business card of China’s new energy luxury cars.

As the Hangzhou Asian Games approaches, Geely Automobile, as the official partner of the Hangzhou Asian Games and the first Chinese car brand to sponsor an important intercontinental comprehensive games in China, will use innovative technology to empower the Asian Games travel experience, promote the opening of scenarios and application demonstrations in key areas such as driverless and intelligent connected vehicles, and show the world the "green Asian Games" and "smart Asian Games" era style, and will also create a smart travel experience that exceeds expectations for users.