Geely Eyes Former SAIC-GM Shenyang Plant to Boost Galaxy Output
Currently, Geely’s Galaxy lineup has a combined annual capacity of nearly 1 million units across its domestic factories.
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Currently, Geely’s Galaxy lineup has a combined annual capacity of nearly 1 million units across its domestic factories.
In October, China’s used-car disposal volume reached 842,600 units, up 3.6% month-on-month but down 6.2% year-on-year.
Industry data show that Geely exported nearly 300 000 vehicles in the first three quarters of this year, already 71 % of its full-year target of 423 000 units.
At full production, the facility will be capable of assembling one flying vehicle every 30 minutes, with an annual output of 10,000 units.
The raised funds will be primarily used for battery asset-related business deployment and technological R&D iteration.
Xiaomi YU7 (99.4%), Denza N9 (91.6%), and Buick GL8 (92.6%) ranked first among NEV makers, self-owned brands, and joint venture & luxury brands respectively in one-year value retention rates.
NIO NWM2.0 will be rolled out to users on the Banyan platform by the end of this year, with users on the Cedar and Cedar S platforms scheduled to receive the update in Q1 next year.
China’s auto exports are increasingly concentrated in Latin America and Europe.
October saw China’s NEV market thrive, led by NIO, Xpeng, and Leapmotor, amid rising competition.