Geely releases 2022 sales figures, Volvo and Polestar EV increase

Chinese giant Geely sold 2.3 million vehicles globally by 2022, with electric vehicle sales helping to drive the increase.

Sales of electric vehicles at its Volvo subsidiary grew, while Polestar – which now exclusively sells electric vehicles – also grew.

Combining all the brands under the Geely Holding umbrella, sales were up 4.7% year-on-year. This is the fifth year in a row Geely has sold more than two million vehicles.

The Chinese automaker also said it has doubled its sales of electric and electric vehicles, surpassing 675,000 units and accounting for 29% of total sales.

Volvo

Volvo subsidiary sales fell 12% to 615,121 sales, citing the brand citing supply chain shortages and consequent production constraints as well as the impact of inter-connected closures. related to COVID in China.

However, the Volvo brand’s share of electric vehicle sales increased from 3.7% to 10.9%, with electric vehicle sales increasing from 25,727 vehicles to 66,749 – an increase of 159.5 percent.

In December alone, the market share of models with the Rechargeable badge, including hybrids and electric vehicles, reached 43.8%; phasing out PHEVs and EVs alone account for 20.1% of Volvo’s global sales.

Overall, however, Volvo recorded declines in each of the key regions in 2022: sales fell 15.7% in Europe, 5.4% in China, 16.5% in the US and 7 .2% in all other markets.

It’s already rosy in Australia, recorded sales of 10,715 or an increase of 18.7%. This is Down Under’s best-ever year, and the first time sales have exceeded 10,000 units.

Globally, the XC60 is the best-selling book with 195,338 copies. It is followed by XC40 (169,206 sales) and XC90 (97,130). Sales of all three models are down in 2022.

Volvo boasts that it has sold 17% more cars online than in 2021, while active registrations have increased by 49%.

The North Star

Polestar estimates it sold 51,500 vehicles, up 80 percent year-over-year, and stands out for its substantial fourth-quarter deliveries of 21,000.

It is expected to increase sales to 80,000 units this year as its sales pole star 2 developed and it records the first deliveries of pole star 3 SUVs.

“I am proud of the many milestones we have achieved in 2022, and in particular the great team effort that has resulted in our strongest quarter to date – surpassing our 50,000 production target. our global for the year,” said Polestar CEO Thomas Ingenlath.

“There will be quarterly changes as usual, but I am confident that we will continue to actively manage our supply chain to meet the growing demand for Polestar 2, starting deliveries. first Polestar 3 and the launch of Polestar 4.”

protons

Last seen in Australia in 2017, the Malaysian brand Proton has been partially owned (49.9%) of Geely since that year.

It touted a fourth straight year of sales growth, recording its highest sales volume since 2013 despite flooding affecting its parts supply in the first months of the year.

Proton sold 141,432 vehicles, up 23.3%. Only 5406 vehicles were exported, but this has increased by 79.1%, with the brand showing greater consistency in the shipping industry, growth in Pakistan and the addition of South Africa to the market list. export.

About half (2408) were from Saga, with the X70 and X50 SUVs – modified Geely models, made with right-hand drive – recording sales of 1708 and 1117, respectively.

“We are now halfway through our 10-year business plan and export sales will need to account for an increasing proportion of the volume,” said Proton Deputy CEO Roslan Abdullah. our company to achieve its goals.

“With newly added models and growth from our existing offerings in 2023, we are confident to hit even bigger numbers this year.”

Lotus and Intelligence

Full sales figures for these brands have not been released, but Lotus recorded first sales of its first electric SUV, the Eletreand the first deliveries of its last internal combustion engine vehicle, the The Emirates.

Smart also boasts more than 10,000 examples of its new #1 that have reached customers in China since deliveries began in September.

It is expected that 2023 will be a year of growth as it establishes sales and marketing centers across Europe and Southeast Asia and penetrates new markets. It eventually signed a joint distribution agreement with Proton in Malaysia and Thailand as it targets the burgeoning electric vehicle market in Asia.

other brands

Together, Volvo and Polestar sales have grown to around 666,000 units, or less than a third of Geely’s total.

Geely’s homegrown passenger car brands – Geely, Geometry, Lynk & Co, Zeekr and Livan – posted sales of 1.43 million vehicles, up 8% year-on-year. It aims to sell 1.65 million vehicles this year.

Exports also increase by 72% in 2022 to 198,242 units.

Sales of new energy vehicles – a term that includes hybrids, PHEVs and EVs – more than doubled to 354,471 units.

Sales of dedicated electric vehicle brand Geometry jumped 170% to 149,389 units as it expanded into Eastern Europe and South America, while the fledgling Zeekr recorded sales of 71,941 units, up 1098 percent. Zeekr is expected to nearly double sales by 2023 as it moves into Europe.

The newly established Livan, a dedicated battery swap EV brand, also recorded sales of 56,140 units in its first year on the market.

Lynk & Co increased its European subscribers by 145% to over 180,000 members and entered new markets in the Middle East and Asia-Pacific region. However, it recorded an 18% drop to 180,127 sales.

The Geely brand of the same name remained stable, with sales increasing 2% to 1,124,780 units.

Not included in this figure of 1.43 million is the commercial vehicle brand Farizon, part of the Geely New Energy Commercial Vehicle Group. Its sales have grown by more than 55%, and it begins exporting to the Middle East and South America in 2022.

Electric taxi and commercial truck maker LEVC also increased sales by 67%.