Geely 2021 Sales Rose To 1.33M, But Missed Their Target
Geely sells more cars in 2021 than they did in 2020, but it’s still way behind what they expected.
Geely Automobile Holding Limited (Group)’s combined total sales volume in 2021 stood at 1,328,029 units. This was 13% lower than their target of 1,530,000 units but still an increase of 1.32 million units. The Board has set the Group’s sales target even higher for 2022 at 1.65 million units, which is 24% higher than what they managed to sell in 2021.
This sales volume includes LYNK & CO vehicles, Geely Auto, Geometry, Proton, and more. It also includes the newly formed, all-electric ZEEKR brand’s sales, which stood at 6,007 cars sold in 2021.
Here’s their December 2021 sales report with more information.
PRESS RELEASE
Geely Automobile Holding Limited (Group) announced that the the total sales volume of the Group (including the sales volume of LYNK & CO-branded vehicles sold by the Group’s 50%-owned joint venture) for the month of the month of December 2021 was 158,765 units, an increase of approximately 3% from the same period last year and up approximately 17% from November 2021. Of the total sales volume in December 2021, 18,813 units were new energy vehicles, an increase of around 162% from the same period last year. The Group’s exports volume was up approximately 44% year-on-year to 17,125 units in the month of December 2021. During the month of December 2021, the Group’s total sales volume in the China market was 141,640 units, at about the similar level as compared with the corresponding period last year. The total sales volume for the year of 2021 was 1,328,029 units, an increase of approximately 1% from the same period last year, achieving 87% of the Group’s full year sales volume target of 1,530,000 units in 2021.
During the month of December 2021, the total sales volumes of sedans, sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) were 66,303 units, 90,966 units and 1,496 units, respectively.
During the same period, the total sales volume of LYNK & CO-branded vehicles was 25,846 units, an increase of approximately 4% from the same period last year. The total sales volume of LYNK & CO-branded vehicles for the year of 2021 was 220,516 units, an increase of approximately 26% from the same period last year.
During the same period, the total sales volume, the total sales volume of NEVs, the exports volume and the total sales volume of LYNK & CO-branded vehicles achieved monthly record high for the Group. Save as the sales volume disclosed above, during the year of 2021, the shipping volume of the Group’s exports of LYNK & CO-branded vehicles, namely “01 HEV” and “01 PHEV” to the European market was 11,602 units. For the month of December 2021, 1,557 units of vehicle were delivered to its subscription customers in the European market under its innovative subscription model, and a total of 5,937 units of vehicle were delivered under its innovative subscription model for the year of 2021.
The Group’s ZEEKR-branded vehicles started batch-delivery on 23 October 2021. Since then and up to the end of December 2021, a total of 6,007 units of ZEEKR-branded vehicles, namely “ZEEKR 001”, were delivered.
The total delivery volume in the month of December 2021 was 160,322 units and the total delivery volume for the year of 2021 was 1,333,966 units.
The Board sets the Group’s sales volume target for the year of 2022 at 1,650,000 units (including the sales volume target for LYNK & CO-branded vehicles), representing an increase of around 24% from the total sales volume achieved in 2021.
About the Author
Subhash Nair Written work on dsf.my. @subhashtag on instagram. Autophiles Malaysia on Youtube.
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