While European manufacturers are putting the brakes on electric cars, Chinese manufacturers are increasing their sales

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While European manufacturers are putting the brakes on electric cars, Chinese manufacturers are increasing their sales

After a few years where announcements of large investments in electric cars and batteries have been the norm, we have moved to a scenario where European manufacturers fight to try to meet EU emissions targets and maintain their combustion engine businesses. Have started. But meanwhile, sugar group They have stepped on the accelerator and are moving ahead in terms of sales growth.

The final results presented have been powerful Grupo Geely The owner of brands such as Volvo, Polestar, Zykr…etc., which has confirmed that last January it managed to deliver a total of 290,600 units including all technologies, which means signing up An increase of 69% compared to the same period last year.

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For this Electric and plug-in hybrid cars Sales reached 95,300 units, a year-on-year increase 143%.

The most interesting thing is that these “new energy” models are already widespread 33% sales stake within Geely Group, Something that gives a boost to new investments due to the excellent progress of registrations in a year which was expected to become regular.

By brands, Volvo grew the least within the group with 53,402 units, up 10% year-on-year.

Geely delivered 172,774 units, indicating 98.4% increase year-on-year, Type Link & Company 28,176 units were registered, an increase of no less than 155% year-on-year, while its most premium division, zikar 12,537 units were delivered, Its figures are up an impressive 302% year-on-year.

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To continue growth, Geely will continue to renew and expand its range of cars with the launch of 3 new models of its Galaxy brand, while its other name, Lynk & Co, will set its sights on “high-end fashion”. With its first 100% electric offers.

Another fact to keep in mind is Units that have been exported from China to foreign countries Which reached 26,262 units in January. 79% increase year-on-year With growth in markets such as Europe, where they plan to continue expansion in the coming months.

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