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Breaking down Geely Group’s 5% sales growth by automaker, including Volvo Cars and Polestar

Geely Group

Chinese automotive conglomerate Geely Group has posted its annual sales results for 2022, which accounted for more than 2.3 million vehicles sold and nearly 5% growth overall. Although not all of those sales were all-electric models, EVs accounted for nearly a third of them. Here’s how each of the Group’s EV brands performed in 2022.

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Geely brand ZEEKR quietly files for US IPO seeking valuation over $10 billion

ZEEKR IPO

Luxury EV brand ZEEKR appears poised to be the next Chinese automaker to enter the US stock market by confidentially filing for an IPO. An influx of US cash could certainly aid the Geely Auto-owned brand in its plans to expand to Europe and North America, especially if it hits the $10 billion valuation it is reportedly seeking.

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CATL’s energy dense Qilin batteries one-up the 4680 cell and will debut in the ZEEKR 009

CATL ZEEKR

Following the debut of its third generation cell-to-pack (CTP) “Qilin” battery cells in June, battery expert CATL has shared which EV brand will be the first to use them – ZEEKR. The energy dense batteries will initially debut on the recently announced ZEEKR 009 MPV, quickly followed by the ZEEKR 001 which promises over 620 miles (1,000 km) of all-electric range.

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2021 EV deliveries in China by the numbers: How some of the market’s major players grew

EV deliveries China

As we eagerly slam the book shut on 2021 and look toward a promising year of further EV adoption in 2022, it’s important to look back and assess how far the global market has come during this most recent trip around the Sun. From there, we can compare 2021’s numbers to the year prior and gain an idea of the trajectories many of the major EV automakers may travel on into 2022. We will begin with EV deliveries in China, a rich mecca of EV production and innovation with many companies now expanding to other markets around the globe.

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Geely-owned Zeekr brand sets its sights on North America

zeekr 001 coming to the us

You know Geely as the Chinese money behind Volvo, Polestar, and Lotus – but they’re a lot bigger than that. Geely has its own brand, is backing an electric Smart revival, and recently invested billions in Mercedes’ parent company, Daimler, to become a top shareholder. Geely means business, in other words, and the CEO of their newest premium EV brand, Zeekr, has eyes on America.

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Geely pulls out as majority shareholder of infant EV brand Zeekr… sort of

Zeekr EV

Automotive conglomerate Geely has announced that it will exit as the majority shareholder of Zeekr, a premium EV brand launched in China earlier this year. By pulling out as majority shareholder, Geely now opens the door for outside financing in Zeekr. However, while Geely’s name may no longer be listed in any investor meetings at Zeekr, the automotive manufacturer is still very much tied to the EV brand and its future.

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