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Geely Yuan Cheng Reports 626% Rise in H1, 2021

Date:2021-08-02

Recently, Zhejiang Geely New Energy Commercial Vehicle Group (GCV) released its sales data for the first half of the year. In the six months, GCV’s sales volume significantly increased 626%, which is so much higher than that of commercial market (26%) and new energy commercial market (77%).

Geely Yuan Cheng Reports 626% Rise in H1, 2021

With an increase of 626% year-on-year, GCV has moved up to the second place among all the new energy commercial vehicle makers. Particularly, the light-duty new energy trucks with a growth rate of 1117.5% year on year, recorded a market of 24.9%, ranking the first place.

Geely Yuan Cheng Reports 626% Rise in H1, 2021

The commercial vehicle makers have committed to accelerating their efforts to low-carbon tech development with the recent pledge to achieve carbon neutrality by 2060. In the first half of the year, GCV has seen a significantly increase in almost all its new energy business segment s including light-duty trucks, light buses, and mini buses.

Geely Yuan Cheng Reports 626% Rise in H1, 2021

New energy penetration rate is predicted to rise from the current 2.7% in 2020 to 30% by 2030. In the next decade, there is a very good chance overall, in the new energy vehicle market.

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