China's new-energy vehicle penetration continues to rise, and many carmakers are reducing investment in combustion models. The sales data tells a more complicated story.
Geely has overtaken Ford in European vehicle sales, becoming the largest Chinese automotive group in the region despite mounting trade barriers against Chinese-built electric vehicles.
Volvo Cars CEO Håkan Samuelsson has suggested that Geely, Zeekr and Lynk & Co could make use of Volvo’s existing European production capacity instead of investing in new factories.
At a time when China’s auto industry is being squeezed by its weakest profitability in a decade, Zeekr has crossed a milestone that few young carmakers can claim: more than 800,000 cumulative global deliveries in less than five years.