On January 9, Geely Auto Holding Co., LTD. (0175.HK) announced December 2022 and annual sales data: 146,017 passenger cars were sold in December, and the cumulative total sales of Geely cars in 2022 reached 1,432,988 units, up about 8% year-on-year, and the production and sales exceeded one million units for six consecutive years.
In 2022, Geely Auto is comprehensively moving to the new, accelerating the transformation of the "New Four Modernizations" and the landing of the "Intelligent Geely 2025" strategy, and through continuous investment and in-depth layout in the fields of electrification and intelligence, it has achieved a doubling of the penetration rate of new energy, a continuous breakthrough in brand value, and an acceleration in the process of globalization. In 2023, Geely Auto Group will set a sales target of 1.65 million vehicles, of which the sales target of new energy vehicles will increase by more than 100% over the total sales achieved in 2022, more firmly and quickly promote the transformation to electrification, intelligence and globalization, continue to increase market share, and fully enter a new era of intelligent electric Geely development.
The sales volume of new energy increased explosively, and the penetration rate tripled year-on-year
In 2022, Geely Auto Group achieved remarkable results in the transformation of new energy, and has built an electrification system force for the parallel development of multiple technology paths such as pure electricity, hybrid, power conversion and methanol, achieving double growth in sales volume and penetration rate. In December, new energy (including Geely, Geometry, Lynk & Co, Polkrypton, Rui Blue) sold 44,550 units, an increase of about 29%, and the penetration rate of new energy in a single month reached 30.5%. The Group's total annual sales of new energy reached 328,727 vehicles, and the annual penetration rate of new energy was about 23%, which tripled from 2021, far higher than the average growth rate of the industry, and the monthly penetration rate of new energy has exceeded 30% for many times.
In the field of pure electricity, polar krypton and geometric pure electricity series form a differentiated force to fully power the pure electricity market. Among them, the fashion intelligent pure electric series sold 18,728 units in December, an increase of more than 35% from the previous month, and the annual cumulative sales reached 149,389 units, an increase of 170% year-on-year, becoming a key driving force for the growth of Geely Automobile's new energy. In 2022, Geometry launched geometric G6/M6 two new products, the whole system is standard equipped with geometric ultra-electric intelligent cabin developed based on HarmonyOS, with the strength of "super running real excellent students", to achieve intelligent experience for users, which also means that the intelligent transformation of geometric cars opens a new chapter, and brings new market growth for Geely in the field of new energy pure electricity.
High-end intelligent pure electric brand polar Krypton's first luxury hunting coupe - polar Krypton 001 delivered 11,337 units in December, an increase of 198.7%, the total annual delivery of 71,941 units, exceeding the annual delivery target, continued to rank more than 300,000 Chinese brand pure electric model sales champion, the average order value exceeded 336,000 yuan. With the "polar Krypton speed" continue to lead the new force of the third track new mode. Polar Krypton's second model, the original pure electric luxury MPV-Polar Krypton 009, aimed at the six-seat large luxury car market, will start delivery in January 2023, and continue to enrich the high-end pure electric product matrix.
In the field of hybrid, this year is the first year of Raytheon for Geely Automobile. The layout of Raytheon intelligent hybrid system continues to improve, completing the hybrid full technology layout of Raytheon Intelligent Engine Hi·X intelligent hybrid platform, intelligent variable frequency hybrid electric drive, efficient engine, electric drive system, etc., comprehensively empowering Geely and Lynk & Co brands. Quickly landed a number of Geely brand Raytheon electric hybrid, Lynk & Co smart electric hybrid LYNk E-Motive and other products, with 43.32% engine thermal efficiency, 40% fuel saving rate and other "killer" technology, become a leader in the new era of hybrid. As the Thunder hybrid technology matures and the product line is gradually enriched, the Geely Thor Hybrid series will also usher in a sales explosion year in 2023, becoming a new growth point for Geely's auto sales.
In the field of power replacement, Rui Blue cars sold 11,323 units in December, an increase of about 54% from the previous month, and the cumulative sales for the year reached 56,140 units. Since the launch of the brand this year, Rui LAN Automobile has launched a number of rechargeable and replaceable pure electric vehicles represented by Rui LAN 9, released GBRC crystal architecture, capsule battery and other power exchange technologies, expanded more than 200 channels, and successfully exported to overseas markets such as Azerbaijan, and fully developed the power exchange market with "Rui LAN speed", forming Geely's system force and competitiveness in the power exchange circuit.
In the methanol field, Geely has continued to deeply cultivate the methanol car market this year and has launched the 4th generation Emgrand alcohol electric hybrid car to accelerate the promotion and application of methanol cars.