Chinese auto giant Geely Automobile Holdings has introduced a new brand of alternative fuel vehicles in the mid-price and premium segment Geely Galaxy.
Geely will launch seven Geely Galaxy models by 2025: three this year, three in 2024 and one in 2025. Yicai Global writes about this, citing a Hangzhou automaker.
Deliveries of the first model, the L7 hybrid SUV, will begin in the second quarter of this year. And the Galaxy Light model with racing shapes and swing doors is still just a concept for now.
Two types of Geely Galaxy will be available: a hybrid and an electric vehicle. The hybrid line will be made up of intelligent models from AB classes, while the pure electric range will cover electric vehicles from the A class to the E class.
Geely achieved significant growth in NEV sales last year, but its Jihe-branded models are priced below 200,000 yuan ($28,800), so the mid-range and high-end market has been closed for sale. company so far.
In addition, the company’s sales are falling due to intense competition from brands such as BYD and Changan Automobile.
In 2022, Geely’s retail sales ranked fifth nationwide, behind BYD, Changan Auto, Shanghai Volkswagen and FAW-Volkswagen, according to data from the China Passenger Car Association.
However, in terms of sales, Geely is doing well: last year the company sold around 301,000 cars, 278% more than in 2021.
According to Autonews, Geely is among the top 3 most popular Chinese brands among Russians (after Chery and Haval).
In 2022, 26,000 Chinese cars sold in Russia belonged to Geely.
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