Pandaily
Everything about China's Innovation
Chinese automaker Geely Auto Group entered the EU market by signing an agreement with Hungary’s Grand Automotive Central Europe (GACE) on November 4. Under the arrangement, GACE will distribute Geely’s Geometry C, a premium electric car model, in Hungary, Czechia and Slovakia via dealers in its network. The first Geely cars are expected to be sold in these three countries in the first half of 2023, marking the firm’s entrance to the EU market.
Geely’s globalization process is accelerating. On November 1, Zeekr, a high-end EV brand under Geely, launched its second model, the Zeekr 009 MPV. An Conghui, CEO of Zeekr Technology, said that this marque will accelerate the process of going overseas.
SEE ALSO: Zeekr to Launch SUV and Sedan, Enter Europe Next Year
An stated that the Zeekr 001 will enter the European market next year, and that the company will announce its plan in late November for becoming a global brand. Fortunately for the firm, Zeekr considered European and US standards at the beginning of product R&D.
In the past two years, with the strong rise of Chinese NEV brands, the export of NEVs has shown a spurt of growth, entering the European market in a big way. According to statistics by the China Association of Automotive Manufacturers (CAAM), nearly 10 Chinese car companies have exported NEVs to Europe, and Chinese NEVs have accounted for 10% of their total sales in the region.
As for traditional Chinese car companies, on September 28, BYD launched three models including the Han, Tang and Yuan Plus for the European market, and started delivery in many European countries. It also announced at the Paris Auto Show in October that it would cooperate with Shell to provide a better charging experience for BYD car owners in Europe, including opening up the right to use about 300,000 Shell charging piles on the continent.
In terms of the new generation of Chinese automakers, NIO announced in October that its three latest models – the ET7, EL7 and ET5 – will be available in Germany, the Netherlands, Denmark and Sweden. As early as July, NIO also established an innovation center in Berlin for the R&D of intelligent cockpits, autonomous automated driving and energy technology research. In addition, NIO said that it will continue to increase R&D investment in Europe.
According to data by the CAAM, from January to September this year, the cumulative export volume of Chinese automobiles was 2.117 million, up 55.5% year-on-year. Among them, 389,000 NEVs were exported, more than doubling year-on-year.
Sign in with google
Chinese carmaker Geely Auto Group said that its revenue in the first half of the year reached 45 billion yuan ($6.92 billion), a year-on-year increase of 22%, while net profit was 2.41 billion yuan.
In the statement, the owners hope that Zeekr can give explanations, claiming that they “do not accept misleading consumption, do not recognize the blue skylight, and are not satisfied with Zeekr’s turning a blind eye.”
Geely’s new SUV LEVC TX5 has been revealed. Compared with the previously released commercial version of the TXN, which focused on commercial operations, this new SUV will focus on the 7-seat medium-sized MPV market for home use.
On the evening of September 13, the MG MULAN, a pure electric vehicle under SAIC Motor’s MG brand, was officially launched in Shanghai. The MG MULAN will also face the global market, where it officially goes by the name MG4 ELECTRIC.
Pandaily is a tech media based in Beijing. Our mission is to deliver premium content and contextual insights on China’s technology scene to the worldwide tech community.
The automated manchine translation of regional languages is powered by NiuTrans.
We also support Hindi language, do you want change to it?
हम यह भी हिन्दी भाषा का समर्थन है, आप इसे करने के लिए परिवर्तन करना चाहते हैं?
We also support Punjabi language, do you want change to it?
ਸਾਨੂੰ ਇਹ ਵੀ ਪੰਜਾਬੀ ਭਾਸ਼ਾ ਨੂੰ ਸਹਿਯੋਗ ਹੈ, ਤੁਹਾਨੂੰ ਇਸ ਨੂੰ ਕਰਨ ਲਈ ਤਬਦੀਲੀ ਚਾਹੁੰਦੇ ਹੋ?
We also support Bengali language, do you want change to it?
আমরা বাংলা ভাষা সমর্থন, আপনি এটি পরিবর্তন করতে চান?
We also support Burmese language, do you want change to it?
ငါတို့သည်လည်း, မြန်မာဘာသာစကားကိုထောကျပံ့သငျသညျကအပြောင်းအလဲလိုသလဲ
We also support Nepali language, do you want change to it?
हामी पनि नेपाली भाषा समर्थन, तपाईं यसलाई परिवर्तन गर्न चाहनुहुन्छ?
We also support Tagalog language, do you want change to it?
Sinusuportahan din namin ang Tagalog wika, ang gusto mong pagbabago dito?
We also support Malay language, do you want change to it?
Kami juga menyokong bahasa Melayu, adakah anda mahu perubahan kepadanya?
We also support Indonesian language, do you want change to it?
Kami juga mendukung bahasa Indonesia, apakah Anda ingin perubahan untuk itu?
We also support Thai language, do you want change to it?
นอกจากนี้เรายังสนับสนุนภาษาไทย, คุณต้องการที่เปลี่ยนแปลงไปได้หรือไม่