Chip shortage, Geely’s undelivered orders totaled more than 150,000 units.
On November 8, Geely Automobile Holdings Co., Ltd. (HK.0175) released the sales data: the sales volume in October was 111,599 vehicles, an increase of about 7% from the previous month. From January to October, the total sales volume was 1,033,395 vehicles, up about 2% year-on-year. At present, 68% of the annual sales target of 1.53 million vehicles has been achieved. Affected by the epidemic situation in some areas, coupled with the shortage of the new generation of 7nm 8155 chips first built by Xingyue L, by the end of October, Geely Automobile had not delivered more than 150,000 orders.
It is worth mentioning that Geely Automobile delivered a total of 112,822 vehicles in October and 1,036,608 vehicles from January to October. Among them, the Lectra brand delivered 1,223 cars to customers in the European market by innovative subscription mode in October, and delivered a total of 3,213 cars by subscription mode from January to October.
In the field of new energy, new energy and electrified vehicles such as Geometry A, Geometry C, Emgrand EV and Emgrand GSe sold 7,909 vehicles in October, up about 36% year-on-year. The total sales volume of new energy and electrified vehicles from January to October was 65,152 vehicles, up about 20% year-on-year.
In terms of overseas exports, the export volume in October was 10,104 vehicles, an increase of about 26% from the previous month. From January to October, the cumulative export volume reached 84,818 vehicles, a year-on-year increase of about 73%. Geometric brand orders in October passed Wanda 11567 vehicles again. In terms of overseas sales, the first batch of Geometry C has been sold in the Israeli market, and it has won wide attention and recognition from local media and consumers with its excellent product strength. In October, the total sales volume of Geely Atlas in Russia exceeded 25,000; Geely Coolray was rated as the first China model that fully meets the expectations of the owners by Russian authoritative analysis organization "Autostat".
The brand-new trend technology brand was officially delivered in October, which took a solid step towards the goal of "creating the ultimate experience of travel life with users". By the end of October, a total of 199 vehicles had been delivered.
Xingyue L ordered more than 75,000 vehicles, and the total sales volume of Bo Yue family exceeded 1.31 million vehicles.
"China Star", which is fighting for "China’s car value", continued to exert its sales in October, and achieved a total sales of 18,253 vehicles. Among them, Xingrui, the "China Star Flagship Family Car", maintained a monthly sales trend of over 10,000, with a sales volume of 12,053 vehicles in October and more than 126,000 vehicles in the 12 months since its listing. With the strong sales volume of over 10,000 yuan per month, users can see its strong market strength and product competitiveness, and further refresh the value of China sedan.
Affected by the shortage of Qualcomm Snapdragon 8155, the flagship car gauge chip, "China Star Flagship SUV" sold only 4,092 vehicles in October, and accumulated sales of 30,355 vehicles in more than three months. At present, the total order has exceeded 75,000 vehicles. The Qualcomm Snapdragon 8155 chip carried by Xingyue L is the top-level digital cockpit chip with 7nm mass production process, which can calculate 105,000 DMIPS in one second, 2.5 times faster than Tesla HW3.0 chip. Although it is hard to find a terminal car, many users who have placed orders say that "Xingyue L is worth waiting for".
The 4th generation Emgrand has only been on the market for 2 months, but as a model with profound heritage, it continues the champion quality and the sales volume continues to be bullish. In October, 17,585 Emgrand cars were sold, and the cumulative sales from January to October exceeded 150,000. Up to now, the Emgrand family has accumulated a total sales of nearly 3.3 million vehicles. The Emgrand L based on the BMA architecture and the new design style of "Energy Storm" will be launched in the fourth quarter. With the blessing of two new Emgrand cars, the sales of Geely cars are expected to reach a new high.
With the help of "China Fengfan Intelligent SUV" Bo Yue X, the Bo Yue family sold 17,352 vehicles in October, and the cumulative total sales from January to October reached 188,535 vehicles. So far, the cumulative sales volume of Bo Yue series has exceeded 1.31 million vehicles.
"China Steel Gun" Xinbinyue sold 13,183 vehicles in October, and the total sales from January to October exceeded 110,000 vehicles, up 17% year-on-year. In the three years since its listing, Binyue’s total sales volume has exceeded 400,000 vehicles.
The cumulative sales volume of Lectra is nearly 600,000 vehicles, and the order of Lectra 09 has exceeded 10,000.
The brand sold 21,707 vehicles in October and 169,667 vehicles from January to October, up 33% year-on-year. Up to now, the cumulative total sales volume of the Lectra brand is nearly 600,000 vehicles.
On October 20th, the 5th anniversary celebration of the LECK brand and the launch conference of LECK 09, the flagship luxury smart SUV, were held in Shanghai. As a new global high-end brand co-created with users, Linke continues to change mobile travel in the spirit of challenging conventions, and resonates with young people with a trendy lifestyle of "not just cars", winning the support of 600,000 users. At the conference, the breakthrough work of the fifth anniversary of Lectra was listed simultaneously-the brand-new flagship product Lectra 09 based on SPA architecture. Up to now, the cumulative order of Lectra 09 has exceeded 10,000 vehicles. In October, 2756 cars were exported to the European market, and the total shipments from January to October were 10702 cars. In October, the Lectra brand delivered 1,223 cars to customers in the European market by innovative subscription mode, and from January to October, it delivered a total of 3,213 cars by subscription mode.
"Raytheon Power" drives "Smart Geely 2025" and will push 25 new intelligent new energy products in five years.
On October 31st, Geely Automobile Group officially released the strategies of global power technology brands "Raytheon Power" and "Smart Geely 2025", and will continue to adhere to high-quality development and firmly lead by technology, build itself into a technology-led global automobile enterprise, and create an intelligent travel experience beyond expectations for users with brand-new intelligent new energy products.
As an important part of the "Smart Geely 2025" strategy, "Raytheon Power" has opened a new era of "Power 4.0" for Geely to fully enter the electrification of power technology. "Raytheon Power" product matrix includes Raytheon Hi·X hybrid system, high-efficiency transmission, high-efficiency engine and a new generation of electric drive device "E-drive", striving to realize "China Power, supplying the world". Among them, Lei Shenqing Hi·X, as a world-class modular intelligent hybrid platform, includes a 1.5TD/2.0TD hybrid special-purpose engine and a DHT(1-speed transmission) /DHT Pro(3-speed transmission) hybrid special-purpose transmission, which supports the full coverage of A0~C-class vehicles and covers a variety of hybrid technologies such as HEV, PHEV and REEV. As a world-class modular intelligent hybrid platform, Lei Shenqing Hi·X has six ceiling-level technologies in the hybrid industry, including the world’s highest engine thermal efficiency of 43.32%, the world’s highest gear 3DHT, and 40% fuel saving rate, which completely surpasses Japanese hybrid in core technology. It is worth mentioning that the Hi·X hybrid system of Lei Shenzhi Engine will be the first to be carried on Geely "China Star". In the next three years, there will be more than 20 models equipped with the hybrid of Lei Shenming and Engine.
In order to ensure the promotion of the "Smart Geely 2025" strategy, Geely has built a full-stack self-developed ecosystem in the core technology fields of new energy, autonomous driving, intelligent networking and intelligent cockpit through "one network, three systems" and "Nine Longwan Action". In the next five years, Geely will invest 150 billion yuan in research and development funds, and continue to maintain the first investment in China automobile brand research and development; More than 25 new intelligent new energy products have been launched. By 2025, Geely will realize the commercialization of L4 automatic driving and fully master L5 automatic driving; Achieve a total sales volume of 3.65 million vehicles and overseas sales volume of 600,000 vehicles; Geely, Geometry and Link will realize 100% full-scene digital value chain of mobile terminals. At the same time, Geely’s total carbon emissions will be reduced by 25% in 2025 and will be carbon neutral in 2045.
It can be predicted that with the gradual implementation of the "Smart Geely 2025" strategy, Geely’s products will have stronger product strength, higher intelligence and better driving experience. While providing users with the ultimate experience and value, it will significantly enhance Geely’s market sales and brand potential, and help Geely become the most competitive and respected automobile brand in China.
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