City Penetration – ThinkerCarResearch https://thinkercarresearch.com Mon, 26 May 2025 09:15:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://thinkercarresearch.com/wp-content/uploads/2025/05/cropped-ThinkerCar-32x32.png City Penetration – ThinkerCarResearch https://thinkercarresearch.com 32 32 Geely Galaxy NEV Market Rise https://thinkercarresearch.com/2025/03/07/geely-galaxy-nev-market-rise/ https://thinkercarresearch.com/2025/03/07/geely-galaxy-nev-market-rise/#respond Fri, 07 Mar 2025 14:15:20 +0000 https://thinkercarresearch.com/?p=391 Since its launch in 2019, the integrated Geely Galaxy achieved terminal sales of 346k units in the Chinese market in 2024 (BEV: 198k units, PHEV: 148k units), reaching a 3.2% market share in the new energy vehicle sector.

The Geely Galaxy brand has experienced rapid growth, rising from 15th place in the top 10 NEV brand rankings in 2022 to 6th place in 2024, surpassing brands such as Chery and Changan.

Geely Galaxy’s currently available models are primarily concentrated in the price range below 150,000 yuan, with Galaxy E5 and Galaxy L7 serving as its mainstay models, both achieving over 70,000 retail sales units in 2024.

Geely Galaxy has been actively expanding into lower-tier cities. As of 2024, its sales proportion in tier 1 & new tier 1 cities has decreased from 68% in 2019 to 31%, while sales in tier 2 & tier 3 cities and tier 4 & tier 5 cities have increased to 48% and 21% respectively.

In the below 150k yuan nev market in tier 1 & new tier 1 cities, Geely Galaxy ranks fourth with a 6.1% market share, narrowly trailing Wuling, which ranks third. In tier 2 & tier 3 cities as well as tier 4 & tier 5 cities, Geely Galaxy ranks third with market shares of 5.6% and 5.2% respectively, though there is a significant gap compared to Wuling.

The sales of Geely Galaxy’s key models in different city tiers lag significantly behind competitor BYD. However, with brand consolidation and product iteration, its market competitiveness will strengthen in the future.

ThinkerCar Data

chosen by over 200 renowned global enterprises
]]>
https://thinkercarresearch.com/2025/03/07/geely-galaxy-nev-market-rise/feed/ 0