Posts

The biggest car brand you’ve never heard of

Biggest car brand you’ve never heard of

In automotive industry terms, Geely is a relative newcomer. Founded in 1986, the company didn’t start producing cars until 1998, which means it has just two decades of automotive manufacturing to its name. But that doesn’t mean Geely is a mere minnow in a pond of big fish. On the contrary, the Chinese company is a huge force in its domestic market and is becoming increasingly influential across the world. It has over 80,000 employees and made a record profit of 12.55 billion yuan (£1.4 billion). Here’s a brief snapshot of the biggest car brand you might not have heard of.

Daimler

Biggest car brand you’ve never heard of

If you’re after evidence of Geely’s might, look no further than the fact that, in February 2018, Geely Group announced it had acquired a 9.7 percent stake in Daimler AG, making chairman Li Shufu the largest shareholder of the German company. A year later, the two companies published details of a new 50:50 joint venture to develop a new generation of Smart electric cars at a new purpose-built electric car factory in China. Mercedes-Benz will take care of the styling with Geely handling the engineering; global sales of the new EVs will begin in 2022.

Zhejiang Geely Holding Group

Biggest car brand you’ve never heard of

Zhejiang Geely Holding Group – to give the company its full name – was founded by Li Shufu in 1986. Back then, the Chinese company built refrigerators, but it wasn’t long before it started to explore new opportunities. In 1994, Geely began building motorcycles, including China’s first ever electric scooter. Three years later, the Group had entered the higher education industry, establishing three colleges and universities. But of interest here is Geely’s entrance into the automotive realm.

Geely Auto Group

Biggest car brand you’ve never heard of

That came in 1997, when Geely Auto was founded in Taizhou City, Zhejiang Province, China, becoming the country’s first privately-owned car manufacturer. Its vision: to produce cars that ordinary people could afford. The first Geely car – the Haoqing – rolled off the production line in August 1998, complete with a red ribbon and bow on the bonnet. Today, Zhejiang Geely Holding Group is the umbrella organisation for five companies: Geely Auto Group, Volvo Car Group, Geely Technology Group, Geely New Energy Commercial Vehicle Group and Mitime Group. We’ll deal with each one in turn.

Geely Auto

Biggest car brand you’ve never heard of

There are five automotive manufacturers within the Geely Auto Group, including the aptly-named Geely Auto. This is Geely’s original automotive brand, with its history essentially split into three generations of models. The first of the current third-generation cars was the Peter Horbury-designed Emgrand GT, designed to be a line in the sand for the fledgling automotive brand. “We aimed to place subtle Chinese features into the Emgrand GT, to give the vehicle a hint of where it came from,” said Horbury, vice president of Design Geely Auto. Today, there are three product lines: saloon, SUVs/crossovers and ‘new energy’.

Geometry

Biggest car brand you’ve never heard of

Geometry is a new premium all-electric sub-brand launched by Geely in 2019. With one eye on Tesla, Geometry will focus on the domestic market but will take orders from overseas. At a launch event in Singapore, the company announced that it had received more than 26,000 orders globally. A long-range version of Its first model, the Geometry A, has the ability to travel up to 500km (310.69 miles) on a single charge. “The launch of Geometry and its first product advances Geely’s strategic goal of becoming one of the world top 10 automotive groups,” said An Conghui, president of Zhejiang Geely Holding Group. By 2023, Geometry will launch 10 pure EVs in multiple segments, including saloons, SUVs, crossovers and MPVs.

Lynk & Co

Biggest car brand you’ve never heard of

Lynk & Co is a Chinese-Swedish automotive brand formed as a joint venture between Geely and Volvo. The first Lynk & Co Model 1 was launched in China in 2017, followed by the 02 crossover and 03 saloon. The brand is expected to launch in Europe and North America in the near future and will introduce a ‘Netflix for cars’ subscription service for cars in Europe. In 2018, Lynk & Co sold around 120,000 vehicles, making it the world’s fastest growing car brand.

Proton

Biggest car brand you’ve never heard of

Talking of rapidly growing car companies, within two years of entering the UK market, Proton had racked up 22,000 sales, making it the country’s fastest-growing new car company to enter the UK. Sadly, Proton is no longer present in the UK market, but it remains a formidable force in Malaysia. In May 2017, Geely bought a 49.9 percent stake in Malaysia’s national car brand, with the Chinese firm saying it is committed to “seeing a full revival of Proton Cars to being the number one Malaysian domestic brand and the leading brand in South East Asia”.

Lotus

Biggest car brand you’ve never heard of

Proton’s ownership of Lotus presented Geely with an opportunity to enter the sports car industry, and in September 2017, the company announced that it had completed the transaction to purchase a majority stake in the Norfolk company. Lotus chose the 2019 Auto Shanghai show in China to announce that it is preparing an all-new car. It will be Britain’s first all-electric hypercar and the company’s first model since 2008. Geely has also started work on a new Lotus factory in China – the company’s first production facility outside of the UK.

Volvo Car Group

Biggest car brand you’ve never heard of

In March 2010, Geely reached an agreement with Ford to purchase Volvo Cars, becoming the first Chinese multinational automotive group in the process. Three years later, Geely Auto and Volvo Cars announced the opening of the China Euro Vehicle Technology R&D Centre in Gothenburg. Today, there are two high profile brands within the Volvo Car Group.

Volvo

Biggest car brand you’ve never heard of

The most famous of which is Volvo itself. While some eyebrows would have been raised when Volvo fell into Chinese ownership, the way in which Geely has transformed the company while protecting its Swedish heritage and ethos has to be applauded. Today, it builds three of the best SUVs in the world and, with the exception of the V40, the product range has been entirely refreshed. Global sales hit 600,000 in 2018: a record for the fifth consecutive year.

Polestar

Biggest car brand you’ve never heard of

Until 2017, Volvo also operated a performance car sub-brand called Polestar. Today, Polestar is an independent brand under Volvo Car Group focused on high-performance electrified cars. The Polestar 1 hybrid was revealed in October 2017, followed by the all-electric Polestar 2 in 2019. The second Polestar is aimed squarely at the Tesla Model 3 and will offer a targeted range of 500km (310.69 miles). It’ll be built in China for global markets in both left- and right-hand drive.

Geely Technology Group

Biggest car brand you’ve never heard of

The third Group within the Geely empire is the Geely Technology Group. This is very much an ‘incubator’ for young brands, giving them access to the Group’s global resources and international influence. One such company is Qianjiang Motorcycles, one of the largest motorcycle companies in China and owner of several brands, including Italy’s Benelli. We will explore two companies within the Geely Technology Group.

CaoCao

Biggest car brand you’ve never heard of

The CaoCao ride-hailing service was developed by Hangzhou YouXing Technology Company and is the first Chinese domestic company focused on new energy. It has more than 17 million registered users, operates in a dozen cities across China and uses Geely Auto’s new energy vehicles, including the Emgrand EV. The company claims that more than 150,000 rides are ordered every day, reducing carbon emissions by over 300,000 tons and saving more than 150 million litres of fuel compared with the use of traditional taxi services.

Terrafugia

Biggest car brand you’ve never heard of

Terrafugia was founded by five award-winning Massachusetts Institute of Technology (MIT) graduates and is famous for one thing: the flying car. Geely completed the acquisition of the US company in November 2017, pledging to keep it in North America and continue its focus on the development of flying cars. Terrafugia aims to deliver its first flying car to market in 2019, with the world’s first VTOL (vertical take-off and landing) flying car available by 2023.

Geely New Energy Commercial Vehicle Group

Biggest car brand you’ve never heard of

The Commercial Vehicle Group was established in 2016 and is the fourth Group within the behemoth that is Geely. It acts as a holding company for two core brands, both of which have a focus on new energy within the commercial vehicle sector. One of the brands will be familiar to UK readers…

LEVC

Biggest car brand you’ve never heard of

The London Taxi Company (LTC) became the London Electric Vehicle Company (LEVC) in July 2017, the new name chosen to represent the focus on new energy solutions. LTC faced administration before Geely stepped in and a new £300m plant near Coventry opened in 2017, creating 1,000 jobs. In January, 70 employees were laid off “to prepare the business [for] a challenging year for UK automotive”.

Yuan Cheng Auto

Biggest car brand you’ve never heard of

Yuan Cheng Auto was launched in 2016 and is the second subsidiary of Geely Commercial Vehicle Company. Its first products were a pure electric light commercial vehicle and an urban city bus, while in April 2019, the company announced the launch and sale of the world’s first M100 methanol fuel heavy truck. Methanol is more environmentally friendly than diesel, while the sources of methanol are also more diverse, with it being derived cleanly from coal, natural gas or by recycling carbon dioxide. The truck will be offered in three variants: standard, mountain and regional logistics. This could be a turning point for the Chinese commercial vehicle industry, with 75 percent of road transport in China currently by diesel vehicles.

Mitime Group

Biggest car brand you’ve never heard of

The fifth and final Group might not appear relevant to a gallery focused on the automotive industry, but the Mitime Group has an indirect and longer-term role to play. This division supports the Group’s educational, cultural and tourism initiatives, with hundreds of millions of RMB invested in universities and colleges across China. Crucially, around 40,000 students are enrolled at the Group-funded schools annually, with the goal of developing Chinese automotive industry talents.

The future

Biggest car brand you’ve never heard of

Geely’s influence on the automotive industry is likely to grow stronger every year, albeit via one of its many sub-brands. This gallery merely scratches the surface: it hasn’t explored the fascinating world of smart and connected vehicles, handled by ECARX. Meanwhile, in November 2018, Geely signed a strategic framework agreement with China Aerospace Science and Industry Corporation (CASIC) to cooperate on the development of supersonic trains and industrial internet. It is hoped that the partnership with advance the fields of new energy vehicles, automotive safety and new material science.

Lynk & Co 01 goes on sale - and sells out within minutes

Lynk & Co 01 goes on sale – and sells out within minutes

Lynk & Co 01 goes on sale - and sells out within minutes

Shock: an unconventional car being sold by an unconventional manufacturer that isn’t Tesla has sold out within minutes of going on sale.

It’s the kind of hype that traditional car makers can only dream of. When the Lynk & Co 01 went on pre-sale online in China last week, its 6,000-strong allocation sold out with two minutes and 17 seconds. Putting a PR spin on it, that makes it “the world’s fast selling car”, says the firm.

While Lynk & Co won’t arrive in the UK until 2019, post-pre-sale orders are now being taken for the 01 SUV in China. Prices start at RMB158,800, rising to RMB202,800 (approximately £18,000 – £23,000).

The firm snubs conventional dealerships in favour of online sales and company-owned (rather than franchise) stores. A total of 150 ‘brand boutiques’ and stores are being opened across China, incorporating children’s play areas, cafes and even a cinema.

“We announced the birth of Lynk & Co almost exactly one year ago,” said Lynk & Co’s senior vice president, Alain Visser. “Now, just 12 months later, we start sales of our connected and shareable 01 SUV in record fashion. Whether you choose to join online or in store, we promise a unique and enjoyable experience.

“Online, it couldn’t be more simple, we have replicated the in-store experience and simplicity of choice with our unique ‘explorator’ carousel. Just stop on the car you like and subscribe online – it’s as simple as that, as Chinese customers have proven during our pre-sale event.

“We are immensely proud at the speed and scale of our launch. We promised to disrupt and shake things up, and now, the journey really begins.”

What is Lynk & Co?

Lynk & Co was launched last year by Geely, the Chinese firm that bought Volvo in 2010. Its aim is to be an unconventional car manufacturer, offering access to its cars through subscription services and car sharing schemes. Lynk & Co likens its subscription services to Spotify or Netflix: pay a flat all-inclusive monthly fee and you’ll be able to drive a new Lynk & Co model for as long as you want. Rather than being tied into a contract, like a traditional lease deal, you can hand the car back when it suits. You can also upgrade to different models within the range, once they arrive, should you need to for short periods.

Curiously, the firm is also offering a groundbreaking lifetime warranty on its cars. Details are thin at the moment, but it suggests customers will only have to pay for consumables – and even that it is only if they buy the car outright. Most buyers won’t.

The firm’s first car, named the 01, has been designed and engineered in Sweden with help from Volvo. It shares a platform with the Volvo XC40 and, currently, is available with a choice of petrol engines also sourced from Volvo. By the time it arrives in Europe, however, the only choice will be whether you want a hybrid, plug-in hybrid or fully-electric model.

Information on future models is sketchy, but Lynk & Co revealed its 03 concept earlier this year.

>NEXT: Everything you need to know about Lynk & Co