Electric Vehicles

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$GELYF· Volvo, Polestar, Zeekr, Lynk & Co

🇨🇳

Covers the full EV spectrum through Volvo, Polestar, Zeekr, Lynk & Co, and its core Geely Galaxy brand. One of China's top 3 auto groups with ~2.2M total vehicle sales in 2024 (Geely Auto holding) and ~888K NEV deliveries globally. Aims to become a global top-5 automaker by leveraging its premium brand portfolio and SEA architecture across international markets.

Product Lineup Timeline

2014
2016
2018
2020
2022
2024
2026
XC90 RechargeFull-Size 3-Row SUVPHEV
S90 RechargeMid-Size SedanPHEV
XC60 RechargeMid-Size SUVPHEV
S60 RechargeCompact SedanPHEV
XC40 RechargeCompact SUV
C40 RechargeCompact Coupe SUV
EX30Subcompact SUV
EX40Compact SUV
EC40Compact Coupe SUV
EX90Full-Size 3-Row SUV
EX60Mid-Size SUV
Polestar 1Grand TourerPHEV
Polestar 2Compact Fastback Sedan
Polestar 3Mid-Size Luxury SUV
Polestar 4Mid-Size Coupe SUV
Polestar 5Luxury GT Sedan
Polestar 6Electric Roadster
Polestar 7Compact SUV
Zeekr 001Luxury Shooting Brake
Zeekr XCompact SUV
Zeekr 009Full-Size Luxury MPV
Zeekr 007Mid-Size Sedan
Zeekr 7XMid-Size SUV
Galaxy L7Compact SUVPHEV
Galaxy E5Compact SUV
Galaxy E8Mid-Size Sedan
Lotus EletreMid-Size Luxury SUV
Lotus EmeyaLuxury GT Sedan
Lynk & Co 08Mid-Size SUVPHEV

Key Milestones

Nov 1986
Launch

Geely founded in Taizhou by Li Shufu as a refrigerator parts manufacturer; pivots to motorcycles in 1994 and to passenger cars in 1997, becoming China's first private automaker.

Aug 2010
Milestone

Acquires Volvo Cars from Ford for $1.8B — gaining advanced safety, platform, and powertrain IP that later seeds Geely's CMA platform and EV programs. The first major Chinese acquisition of a Western premium brand.

Jun 2017
Milestone

Acquires majority stake in Lotus Cars from Proton; expands Geely portfolio toward electric performance and lays foundation for Lotus's all-EV pivot under the Eletre and Emeya.

Oct 2017
Launch

Volvo and Geely announce that Polestar will become a standalone EV-only performance brand — establishing Geely's multi-brand EV portfolio approach (Volvo, Polestar, then Zeekr, Lynk & Co, Lotus EV).

Feb 2018
Partnership

Li Shufu acquires 9.7% stake in Daimler ($9B) — making Geely Daimler's largest shareholder; later helps anchor smart EV JV (Geely-Daimler 50/50) and reshapes Mercedes' China strategy.

Feb 2019
Launch

Polestar 2 unveiled — Polestar's first BEV and a direct competitor to the Tesla Model 3, built in Luqiao, China on the CMA platform shared with Volvo and Geely.

Mar 2021
Launch

Founds Zeekr as a premium EV-only brand on the new SEA architecture — separating it from the mainline Geely brand and giving it independent leadership, capital, and design language.

Apr 2021
Launch

Zeekr 001 launches in China; the shooting-brake EV becomes Zeekr's flagship and proves the SEA platform's ability to deliver 700+ km NEDC range.

Jun 2023
Launch

Volvo EX30 launches on Geely's SEA platform — becoming one of Europe's most affordable BEVs at sub-€36K and a Geely-platform halo product proving global-volume capability.

May 2024
Milestone

Zeekr IPOs on NYSE at $21/share, raising $441M — the largest U.S. IPO by a Chinese company since 2021 and the first major U.S. listing of a new-energy vehicle brand since 2020.

Sep 2024
Launch

Zeekr 7X launches as Zeekr's first global SUV — designed for European and Middle Eastern markets, marking Zeekr's transition from China-only flagship to multi-market mass volume.

Feb 2025
Milestone

Geely announces consolidation of Zeekr and Lynk & Co under one entity to streamline EV operations, cut overhead, and reduce platform duplication amid intensifying Chinese EV price wars.

Jul 2025
Milestone

Zeekr take-private offer announced by Geely Auto — buying out remaining ~33.4% public float in a $2.2B deal to fully consolidate Zeekr after 14 months as a public company.

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Electric Vehicles - Geely | Sterling