Products, factories, brands, and partnerships. Another busy half-year for Geely Group.
Following a busy first half of 2021, the second half of the year had a lot to live up to. A flurry of new announcements, including new brands, products and collaborations paved the way for exciting times. So how did we do?
The second half was full of important milestones, including the 35th Birthday of Geely Holding Group in November, which coincided nicely with the Group’s 10th year in the Global Fortune 500. Lynk & Co celebrated the 5th anniversary of its founding with continued success in Europe and expansion plans in the near future.
THE FUTURE, BOTH COMMERCIAL AND CONSUMER
Important product news of H2 spanned both commercial and consumer spheres. The rapid forward momentum of ZEEKR, the Group’s youngest and most exciting brand, continued with the reveal of strategic investment partnerships with several big names including CATL, Intel Capital and Cathay Fortune Group. The official start of production of the 001 began in October with deliveries to the first customers arriving a month later.
Geely Auto shared a vision for the future of its cars design language, “Vision Startburst”, with the Boyue X the first of its cars to reflect the new styling.
In the commercial sector, Geely’s commercial vehicles unit Farizon unveiled their vision for the future of smart logistics: The Homtruck. The truck combines a living and working space with autonomous functions, intelligent logistics, and sustainable powertrain options for a safer and cleaner future in freight transportation.
SMART, INTELLIGENT, AUTONOMOUS TECH
After huge interest in Geely’s battery swapping stations, Geely Technology Group moves ahead with plans to have 5,000 operational in China by 2025. Geely also announced the investment into a premium smartphone maker, strengthening the Group’s plan of becoming an all-in-one mobility solutions provider in the future.
A number of new production facilities really cemented Geely’s position as a leader in production and Industry 4.0 pioneer for automotive manufacturing. The doors to new factories from both Zeekr and Geely Auto were opened, the insides boasting production lines that are highly connected, autonomous and intelligent.
FAMILY & FRIENDS
After the announcement earlier in the year that Geely Auto and Volvo would be increasing collaboration efforts in R&D, joint powertrain operations were announced between Volvo and its mother company. The new entity is called “Aurobay”, and covers everything powertrain, from the next generation ICEs (internal combustion engine) to transmissions and hybrids.
After months of speculation, an already good year for Volvo reached its peak with the floating of its shares on the Nasdaq Swedish Stockholm Exchange. Its performance brand Polestar also announced to go public in the U.S. through a SPAC deal.
From Sweden to France, a momentous deal was signed with the prestigious French automotive brand Renault to assist with the brand’s plans in Asia. The cooperation will cover South Korea and China markets, where Geely will offer its resources, technologies and experience to assist Renault with its growth.
After another successful half-year, we look forward to what 2022 has in store for the Group and its brands. We hope 2021 has been good to you all and we send our best wishes to you going into the new year.
Have a Happy New Year from Geely Group.