Geely Yuan Cheng Reports 626% Rise in H1, 2021
With an increase of 626% year-on-year, GCV has moved up to the second place among all the new energy commercial vehicle makers. Particularly, the light-duty new energy trucks with a growth rate of 1117.5% year on year, recorded a market of 24.9%, ranking the first place.
The commercial vehicle makers have committed to accelerating their efforts to low-carbon tech development with the recent pledge to achieve carbon neutrality by 2060. In the first half of the year, GCV has seen a significantly increase in almost all its new energy business segment s including light-duty trucks, light buses, and mini buses.
New energy penetration rate is predicted to rise from the current 2.7% in 2020 to 30% by 2030. In the next decade, there is a very good chance overall, in the new energy vehicle market.