Cars
iv.A new chapter in the Lynk & Co brand, a joint venture between Geely and Volvo.
4.1 Lynk & Co brand sells cars 2820,000 units, up 155% y/y
Geely's Lynk & Co brand, a joint venture with Volvo, also achieved impressive sales results in January. The Lynk & Co brand sold 2 cars in January820,000 units, up 155% y/yThis achievement is not only a verification of the strength of the Lynk & Co brand itself, but also highlights the success of the strategic cooperation between Geely and Volvo. The Lynk & Co brand has won the favor of more and more consumers with its unique design concept and advanced technology.
4.2 Strong performance of the Lynk & Co new energy family.
The Lynk & Co new energy family, represented by the Lynk & Co EM-P, achieved remarkable sales results in January. Lynk & Co's new energy sales reached 1260,000 units, showing Lynk & Co's strong competitiveness in the field of green mobility. Classic products such as Lynk & Co 03 and Lynk & Co 06 are also being sold, providing strong support for the diversified development of the Lynk & Co brand.
4.3 The tipping point of the new Lynk & Co 09EM-P.
On January 16, Lynk & Co's new 09EM-P was officially launched with an equity price of 29Starting from 780,000 yuan, it will go head-to-head with Wenjie M7 and Ideal L7 L8. The launch of this new car marks the improvement of the layout of the Lynk & Co brand in the high-end market, indicating that Lynk & Co will occupy a more important position in the future market competition. The continuous innovation and product upgrading of the Lynk & Co brand have brought a strong market influence to Geely Automobile.
v.Geely Automobile's overseas market expansion.
5.1 Export Cars 2630,000 units, up 79% y/y
Geely's sales performance in January was not limited to the domestic market, but also made significant progress in overseas markets. In January, Geely Automobile exported 2630,000 units, up 79% y/yThis shows Geely Automobile's competitiveness in the international market and the recognition of its products in overseas markets.
5.2 Geely Coolray was officially launched in Egypt.
On January 15, Geely's global model, Geely Coolray, was officially launched in Egypt. This move marks a new stage in the development of the Geely brand in the Egyptian market. With the official debut of Geely Coolray, Geely Automobile's popularity and market share in the international market are expected to further increase.
5.3 ZEEKR's expansion in East and Southeast Asia.
In terms of East and Southeast Asian markets, Geely's high-end pure electric brand Zeekr also made an important breakthrough in January. Following its landing in Singapore, ZEEKR officially launched its listing in Macau on January 13, accelerating the development of the international right-hand drive car market. This shows that Geely Automobile has made substantial progress in global market expansion.
vi.Proton's solid track record.
6.1 Proton Motors sold 1530,000 units, up 16% y/y
Proton also showed strong sales under Geely Automobile. In January, Proton car sales reached 1530,000 units, up 16% y/yThe Proton brand has made steady progress in the market with its unique positioning and excellent performance, and has contributed to Geely Automobile's overall sales performance.
6.2 Highlights at CES2024.
At the CES2024 exhibition held in Las Vegas in January, ZEEKR and Valeo joined hands to lead the wave of electrification and intelligent transformation. This is not only a demonstration of Geely Automobile's technological innovation strength, but also provides a solid foundation for future scientific and technological cooperation. The cooperation between ZEEKR and Valeo will further promote the technological progress of the electric vehicle industry.
vii.Geely Automobile's technological innovation.
7.1 Geely Xingrui AI model released.
On January 11, Geely Automobile officially released the full-stack self-developed Geely Xingrui AI model, realizing the large-scale mass production of AI native applications. This technological breakthrough marks Geely's leading position in the field of artificial intelligence. Geely's self-developed AI model has pushed intelligent driving, voice recognition and other fields to a new height, injecting new vitality into automotive intelligence.