The Chinese electric vehicle giant that just toppled BYD
Zhejiang Geely Holding Group has recently surpassed BYD in electric vehicle sales in China. This shift comes as Geely expands its lineup and pushes for international sales amidst rising gasoline prices due to geopolitical tensions. The company's versatile business model allows it to adapt quickly to changing market conditions.
- ▪Geely beat BYD in sales in the first two months of the year.
- ▪The company has more than doubled exports to Europe and the Middle East in the past year.
- ▪Geely's business model allows it to compete across gasoline, hybrids, and electric vehicles.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.