Geely Automobile Holdings reports that its in-house brands—Geely and Lynk & Co managed to sell 1,320,217 units in 2020, despite COVID-19-related market shutdowns during the first quarter of the year. This positions Geely as the best-selling Chinese brand for the fourth consecutive year.
Last year, Geely celebrated several milestones including its 10 millionth vehicle sold, becoming the first Chinese brand to reach that milestone. Moreover, they’ve continued their global expansion, exporting a total of 72,000 units in 2020—a year-on-year increase of 25.3 percent.
Pressured by a global epidemic and intensified competition in the automotive industry, Geely continued expanding its role as the leading Chinese auto brand with an expanding market share, increased global competitiveness, and improved product lineup. In fact, it accelerated its digital transformation, and redoubled its effort in driving development through innovation.
Over the course of 2020, Geely Auto has continued to introduce vehicles based on the Compact Modular Architecture that was developed in cooperation with Volvo Cars. To date, they have launched two CMA based vehicles—the Preface Sedan and the Xing Yue Crossover SUV, both of which offer leading levels of connectivity, intelligence, quality, and safety. In particular the Geely Preface became the first model to offer Firmware Over the Air (FOTA) updates, enabling the model to continuously evolve and never be outdated.
In 2021, Geely will bring to market a variety of new high value models. It will unveil a new CMA-based SUV and sedan as well as several updated models.
With that, they are setting an annual target of 1.53 million units—a 16 percent increase from 2020.
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