Chinese carmaker Geely unveiled a brand new line of high-end electrical vehicles on February 23 as a part of a push to make up misplaced floor. The new Galaxy lineup will embody seven fashions over the subsequent two years, together with 4 long-range hybrids and three pure electrical vehicles.
The hybrid electrical Galaxy L7 SUV and the hybrid electrical Galaxy L6 sedan will likely be delivered within the second and third quarters of this yr, respectively. The pure electrical Galaxy E8 will likely be delivered within the fourth quarter of this yr.
The Galaxy L7 is designated the official car for the upcoming Hangzhou Asian Games. It is able to accelerating from 0 to 100 km/h (0 to 60 mph) in solely 6.9 seconds. It delivers a powerful gasoline economic system of 5.23 l/100 km (45 mpg), which interprets to 1,370 km (850 miles) on a single tank of fuel.
Geely’s gross sales have lately come beneath strain due to the speedy rise of native rivals. According to the China Passenger Car Association (CPCA), Geely ranked fifth within the record of highest retail car gross sales in 2022, behind BYD and Changan Auto. The year-on-year progress fee of Geely’s car gross sales was 1.8%, in contrast to 149.4% for BYD and 13.8% for Changan Auto.
Geely has made nice strides in its transformation from a gasoline car maker to an electrical car maker. In the Chinese electrical car market, Geely ranked fourth in gross sales final yr, behind BYD, SAIC-GM-Wuling, and Tesla. According to the CPCA, the retail gross sales quantity of Geely’s electrical autos in 2022 was 304,900 items, in contrast with 80,000 items bought in 2021.
SEE ALSO: Geely-Backed Low-Carbon Methanol Plant Put into Operation
Under Geely’s umbrella, its sub-brands Geometry and Zeekr considerably help its whole car gross sales. Zeekr bought about 72,000 autos final yr. The Geometry model, established in 2019, was initially effectively obtained by the market however failed to acquire momentum due to its unclear positioning. In 2022, Geometry targeted on low finances shoppers, driving its gross sales quantity up to 150,000 items, a rise of 170% year-on-year.
Geometry fashions are priced beneath 200,000 yuan ($28,924). The common price ticket of Zeekr fashions exceeds 300,000 yuan ($43,389). Both manufacturers compete fiercely for market share towards BYD, Changan Auto, and Tesla.
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