the new energy commercial vehicle brand Geely New Energy（Chinese：远程汽车） announced the completion of Round A financing,with a financing amount of up to USD 600 million，on October 20. This is another capital favor after the remote completion of the Pre-A round of financing on October 26 last year. This round of financing will be mainly used for continuous R & D investment and market ecological construction, further consolidating the leading position in the market, enhancing the core competitiveness of the company, and seizing global market share.
Geely New Energy Commercial Vehicle Group (hereinafter referred to as Geely New Energy) was established in 2014. It is the Wholly-Owned Subsidiary of Geely New Energy Group, a Fortune 500 company in the world. As China's first commercial vehicle group focusing on new energy vehicles, Geely New Energy has formed a new generation of commercial vehicle products and business development direction with "R & D as the guide, focusing on green intelligence" as the core.
According to the official website data, in the first half of 2023, the sales volume of Geely New Energy new energy commercial vehicles exceeded the sum of the second and third places in the industry. Among them, the sales volume of new energy light trucks increased by 38% year-on-year, and the Market Share reached 29%, ranking first in sales for 18 consecutive months; the sales volume of new energy logistics vehicles increased by 123.8% year-on-year, and the Market Share reached 26%, ranking first in 15 consecutive months.
With the increasing global attention to environmental protection and sustainable development , green transportation has become an important trend in future development. From the perspective of ecological civilization construction, the development of new energy commercial vehicles has become the core of transportation carbon reduction and the realization of Carbon neutrality goals. important areas.
By consulting Data Discovery from iiMedia Research（Chinese：艾媒咨询）, found that the market size of new energy vehicles in China has increased year by year from 2017 to 2021. In 2021, the market size of new energy vehicles in China will be CNY 6000 million（USD 927.2 million）, a year-on-year increase of 76.5%. In the first half of 2022, the new energy vehicle brand with the highest sales volume in the Chinese market is BYD, with cumulative sales of 641,400 vehicles, followed by Tesla（Chinese：特斯拉）and Wuling（Chinese：上海通用五菱）, which is expected to reach CNY 1.15 trillion in 2023.
Geely New Energy automobile official micro news release said that in 2023, Geely New Energy will start the layout and construction of overseas localized KD factories. Zhou Jianqun, chairperson of Geely New Energy, from policy promotion to market orientation, this wave of new energy automobile development has not only changed the pattern of the world automobile industry, but also brought huge changes to the Chinese automobile industry. In this new energy vehicle development tide, Geely opened up another industry track, planned the layout in advance, aimed at the development opportunities of new energy for commercial vehicles, created a Geely New Energy, and became a new force in China's commercial vehicle industry. A dazzling star.
Some of the top new energy vehicle brands in China, such as: Tesla (Tesla), NIO (NIO), XPeng Motors, NIO. Internationally, such as: Nissan (Nissan) - Japan, Nissan (Nissan) - Japan, etc.
The success of Geely New Energy Series A financing not only reflects investors' confidence in the company, but also highlights the market's continued optimism about the new energy commercial vehicle track. With the increasing global attention to environmental protection and sustainable development , green transportation has become an important trend in future development. As a leader in the industry, Long-distance will continue to promote the innovation and development of green transportation technology.