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.
Zhejiang Geely Holding Group Co., Ltd., better known as Geely, is a multinational automotive company based in China with ties to several other OEMs around the globe – whether they are wholly or partially owned.
For example, Geely owns a large majority of Volvo Cars, just over 50% of Polestar, and co-owns the smart brand alongside Mercedes-Benz AG. Lotus has also been majority owned by Geely Holding Group since 2017.
In addition to the majority stakes above, the company operates its own brand of vehicles under its Geely Auto marque and has implemented EV-centric brands like ZEEKR in recent years as well. The list goes on, but it’s clear to see that Geely Group has a strong presence on the pulse of automotive sales in China, which has spread to other markets like the US and Europe.
But who pulled its weight for Geely the most in 2022? Was it Lynk & Co? Farizon Auto? Here’s how 2022 fared for each of the Geely Group brands below.
The 001 from Geely Group’s EV brand ZEEKR, which saw great success in 2022
Breaking down Geely Group’s 2022 sales growth by brand
According to recent sales numbers released by Geely Group this week, the company saw year-over-year sales growth of 4.7% in 2022, selling at least 2 million vehicles for a fifth year straight.
The Group is reporting the sale of over 675,000 electrified personal and commercial vehicles within that growth, accounting for 29% of its aggregate sales. That electric sales benchmark is double compared to 2021.
Here’s sales/progress broken down by each Geely Group brand:
Geometry (Geely Auto)
Geely’s mass market pure electric brand launched two new models in 2022 while expanding outside of China into Eastern Europe and South America. Its sales were 149,389 units in 2022, representing YOY sales growth of 170%.
Livan (Geely Auto)
Geely’s battery-swap EV brand sold 56,140 units in China during its first year of sales.
Lynk & Co (Geely Auto)
Geely’s premium ICE/hybrid brand sold 180,127 vehicles globally while expanding its subscription business model by 145% to more than 180,000 members in Europe alone in 2022.
ZEEKR (Geely Auto)
Geely Group’s EV-specific brand completed its first full year of sales by exceeding its target of 70,000 units, led by the ZEEKR 001 (seen above). The company aims to nearly double its sales in 2023 while its expands into European markets. Perhaps the US after that? We think so.
Lotus Cars
Lotus began its full transition into become an all-electric brand in 2022 with the start of sales of its Eletre SUV. The automaker also used 2022 as its swan song to the Emira, its final internal combustion engine model. Geely says orders are strong in 2023 already, but hasn’t shared any specific sales numbers.
Volvo Cars
Similar to Lotus, Geely’s Swedish venture used 2022 as a major turning point for electrification. Volvo Cars saw unit sales reach 615,121 vehicles, but fully electric vehicles only accounted for 10.9%. Still, Geely Group says that YOY EV growth is nearly threefold. Those sales should increase when the new, ultra-safe EX90 SUV arrives.
Polestar
Geely’s premium Swedish electric brand completed its IPO on the NYSE last year, before delivering on its goal to sell 50,000 vehicles globally, up about 80% YOY. With the Polestar 3 SUV on the way in 2023 and a new Polestar EV to follow every year thereafter through 2026, there’s a lot to be excited about surrounding the Polestar brand.
smart
Geely’s joint venture with Mercedes began deliveries in China of its first all-electric SUV, the smart #1, in September. It has already delivered over 10,000 units while it looks to expand to new markets in Europe and Southeast Asia in 2023.
Farizon
This brand saw a sales increase of 55% in 2022 and exists under Geely’s New Energy Commercial Vehicle Group. It has been developing electrified commercial vehicles of its own as of late too. This includes the “Homtruck”electric semi coming in 2024, and its highly customizable SuperVAN.
LEVC
In 2022, this British electric taxi and commercial van brand saw sales of its electric range-extended TX taxi and VN5 vans grow by about 67%. It will work in 2023 to become a zero-carbon vehicle manufacturer and mobility technology provider, aiming to grow at least 20%.
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Fleet electrification expert Tony Nisam took to LinkedIn yesterday to post a deal that he ran across at a Washington State Costco that stacks a $25,500 manufacturer rebate with $3,000 in “regular” Costco Member Savings, $2,750 in “LIMITED-TIME” Manufacturer to Member Incentives, plus an additional $250 for Costco Executive members.
Do a bit of math (add up 25,500 + 3,000 + $2,750 + 250), and you’ll calculate an almost unheard of $31,500 discount on one of the best, most capable commercial vans on the market – ICE or electric. And that’s before you factor in the 0% interest financing (72 mo.) being advertised at Blade Chevrolet, the Mount Vernon, Washington, where VIN 2G58J2TY6S9104313 (the exact van shown, below) is shown as stock number 16757.
If you’re not a Costco member yet and you’re looking for a new truck for your business or even a unique #vanlife ride with zero emissions, modern tech, and a nationwide dealer network, GM makes that $130 Executive membership seem like a no-brainer.
Is a $39,000 price cut enough to get you to take a look at a new Brightdrop? At $45,235 (from a starting price of $84,235), can you afford not to? Head down to the comments and let us know.
Tesla has quietly removed the Cybertruck’s range extender from the options in its online configurator.
Does Tesla still plan to bring the product to market?
When Tesla unveiled the production version of the Cybertruck in late 2023, there were two main disappointments: the price and the range.
The tri-motor version, which was the most popular in reservation tallies, was supposed to have over 500 miles of range and start at $70,000.
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Tesla now sells the tri-motor Cybertruck for $100,000 and only has a range of 320 miles.
As for the dual-motor Cybertruck, it was supposed to cost $50,000 and have over 300 miles of range. The reality is that it starts at $80,000, and it has 325 miles of range.
However, Tesla had devised a solution to bring the range closer to what it originally announced: a separate battery pack that sits in the truck’s bed. Tesla called it a “range extender.” It costs $16,000 and takes up a third of the Cybertruck’s bed.
Even though the Cybertruck has been in production for a year and a half at this point, the range extender has yet to launch.
At the time, Tesla also reduced the range that the removable battery pack adds to the Cybertruck to “445+ miles” rather than “470+ miles” for the dual motor – a ~25-mile reduction in range.
Now, Tesla has removed the option from its online Cybertruck configurator. It used to take reservations for the range extender with a “$2,000 non-refundable deposit”, as seen on the image above, but now it’s not in the configurator at all at the time of writing.
It’s unclear if Tesla is not planning to launch the product anymore or if it is just pausing reservations.
In its specs page, Tesla still lists the achievable range of both versions of the Cybertruck with and without the range extender battery:
Electrek’s Take
I’m curious. Is it dead, or does Tesla just want to stop taking reservations for it?
At first, I was curious about the product even though I didn’t think it would make up for Tesla’s significant miss on Cybertruck specs.
However, after it was confirmed that it takes up 30% of your bed and that it needs to be installed and removed by Tesla at a service center, I think it’s pretty much dead on arrival at $16,000.
It’s going to be a product limited to only a few people at best. And now that’s if it makes it to market.
With the option being removed from the configurator, there’s no production timeline available. Again, the last one was “mid-2025”, which is soon.
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Portable power station specialist EcoFlow is kicking off its third annual Member’s Festival this month and is offering a unique new rewards program to those who become EcoFlow members. The 2025 EcoFlow Member’s Festival will offer savings of up to 65% for its participating customers, and a portion of those funds will be allocated toward rescue power solutions for communities around the globe through the company’s “Power for All” fund.
EcoFlow remains one of the industry leaders in portable power solutions and continues to trek forward in its vision to power a new tech-driven, eco-conscious future. Per its website:
Our mission from day one is to provide smart and eco-friendly energy solutions for individuals, families, and society at large. We are, were, and will continue to be a reliable and trusted energy companion for users around the world.
To achieve such goals, EcoFlow has continued to expand its portfolio of sustainable energy solutions to its community members, including portable power stations, solar generators, and mountable solar panels. While EcoFlow is doing plenty to support its growing customer base, it has expanded its reach by giving back to disaster-affected communities by helping bolster global disaster response efforts the best way it knows how– with portable power solutions.
Source: EcoFlow
EcoFlow and its members look to provide “Power for All”
Since 2023, EcoFlow has collaborated with organizations worldwide as part of its “Power for All” mission. This initiative aims to ensure access to reliable and timely power to disaster-affected communities across the globe, including rescue agencies, affected hospitals, and shelters, to support rescue and recovery efforts.
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This fund most recently provided aid for communities affected by the recent Los Angeles wildfires, assistance to the Special Forces Charitable Trust (SFCT) in North Carolina following severe hurricanes, and support for non-profits engaged in hurricane preparedness in Florida and the Gulf Coast. Per Jodi Burns, CEO of the Special Forces Charitable Trust:
In the wake of devastating storms in Western North Carolina, reliable power was a critical need for the families we serve. Thanks to EcoFlow’s generous donation of generators, we were able to provide immediate relief, ensuring these families and their communities had access to power when they needed it most. We are so impressed with EcoFlow’s commitment to disaster response through their ‘Power for All’ program. It has made a tangible impact, and we are deeply grateful for their support and partnership in helping these families recover and rebuild.
In 2024, the US experienced 27 weather and climate events, each causing losses exceeding $1 billion, marking the second-highest annual total on record, according to National Centers for Environmental Information. The increasing frequency and severity of natural disasters underscore the critical need for reliable and timely power solutions during emergencies, much like EcoFlow and its members are helping provide through the “Power For All” initiative.
To support new and existing EcoFlow members, the company is celebrating its third annual Member’s Festival throughout April to offer a do-not-miss discount on its products and donate a portion of all sales to the “Power for All” fund to provide rescue power to those in need in the future. Learn how it all works below.
Source: EcoFlow
Save big and give back during the 2025 Member’s Festival
As of April 1st, you can now sign up to become an EcoFlow member to participate in the company’s exclusive 2025 Member Festival.
As a member, you can earn “EcoFlow Power Points” by completing tasks like registration, referrals, and product purchases and tracking your individual efforts toward disaster preparedness and recovery.
Beginning April 4, EcoFlow members will also be able to take advantage of exclusive discounts of up to 65% off select portable power stations, including the DELTA Pro Ultra, DELTA Pro 3, DELTA 2 Max, DELTA 3 Plus, RIVER 3 Plus, and more. However, these sale prices only last through April 25, so you’ll want to move quickly!
Click here to learn more about EcoFlow’s “Power for All” campaign. To register for EcoFlow’s 2025 Member Festival in the US, visit the EcoFlow website. To register as a member in Canada, visit here.
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