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Geely enters Canadian market, plans first vehicle sales in 2027 (updated)

UPDATE 1-Geely enters Canadian market, plans first vehicle sales in 2027

Updates throughout

- Chinese automaker Geely Auto 0175.HK said on Friday it has entered the Canadian market and plans to introduce its first vehicles to consumers in 2027.

  • The company has started to establish local operations and develop a retail and service network, it said in a statement

  • Geely, which sells cars under the Geely Auto, Zeekr and Lynk & Co brands, sold just over 3 million cars last year

  • Aside from Geely, Chinese automakers BYD 002594.SZ and Chery 9973.HK are also targeting Canada

  • For Chinese car companies, which are effectively locked out of the United States, Canada is seen as an ideal launching pad for the time when the US market eventually opens up

  • Canada represents an "important next step" in Geely's international growth, Bryan Wu, MD of Geely Auto Canada, said in a statement

  • Details of vehicles, pricing and retail locations would be announced later, Geely said


(Reporting by David Dolan and Qiaoyi Li, Editing by Louise Heavens)

((david.dolan@thomsonreuters.com;))

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