On May 11th, Zhejiang Geely Holding Group announced that their total car sales in April reached 247,300 units, marking a 29% increase compared to the same period last year. Sales of new energy vehicles reached 99,200 units during this period, a year-over-year increase of 52%, with a new energy penetration rate of 40%. From January to April, the cumulative sales amounted to 986,000 units, up 28% year-over-year.
In detail, Geely Auto Group's April sales accounted for 153,267 units, about a 39% year-over-year increase and a 2% month-over-month growth; new energy sales for April were 51,428 units, up 75% year-over-year and 15% month-over-month. The company also reported an increase in overseas exports to 38,151 units, a 75% year-over-year rise, and a 5% increase from March. Their cumulative sales for 2024 have now hit 628,987 units.
For 2024, Geely Auto Group has set a sales target of 1.9 million units, marking a 13% increase over 2023, with new energy vehicle sales expected to rise by over 66% compared to the 2023 totals.
An analysis of individual brands shows that Geely brand vehicles were 118,451 units in April, up 35% from last year. The Lynk & Co brand sold 18,727 units, up 34%, and the premium Zeekr brand delivered 16,089 units, almost doubling its figures with a 99% increase.
Volvo Cars (part of Geely Group) reported a global sales volume of 65,838 cars in April, up 27% year-over-year; the sales of new energy models from January to April reached 106,518 units, a 21% increase from last year.
Proton, another Geely-owned brand, recorded April sales of 11,025 units, a 17.1% increase compared to last year.
On the morning of May 10th, US time, Zeekr Intelligent Technology Holding Ltd. officially listed on the New York Stock Exchange under the ticker symbol 'ZK'. TapTechNews noted that Zeekr has set a record for the fastest IPO in the history of NEVs, achieving this milestone in only 37 months since the brand’s launch on April 15, 2021.