“Industry champions attract more [loyalty] and their products are often viewed by consumers as best in class,” said Eric Han, a senior manager at Shanghai consultancy Suolei. “Competition between Geely and BYD this year could redraw the landscape of China’s automotive industry.”
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Geely, which builds petrol and electric cars under brands including Zeekr, Lynk and Galaxy, delivered 476,327 units in January and February to domestic and overseas buyers, an increase of 1 per cent from a year earlier, data from the carmaker showed.
Geely’s sales of electric vehicles (EV) jumped 10.1 per cent year on year to 241,740 units in the same period.
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The small year-on-year gain was enough to help the carmaker, based in east China’s Zhejiang province, leapfrog Shenzhen-headquartered BYD, whose sales in the first two months of the year plunged 35.8 per cent from a year earlier to 400,241 units.
