Tashkent, Uzbekistan (UzDaily.com) —  As the global electric vehicle (EV) revolution accelerates, Geely Auto, a leader in innovation and sustainability, is exploring opportunities to expand into new markets. Uzbekistan, with its growing automotive industry and rising demand for modern vehicles, is on Geely’s radar as a potential destination for future growth. In an interview, Mr. Ao, Director of Geely Auto Uzbekistan, shared insights on the company’s global strategy and the prospects of entering the Uzbek market.

China continues to dominate the global EV market. In 2023, the country produced nearly 9.6 million new energy vehicles (NEVs), accounting for over 60% of worldwide NEV sales. Geely has been a key contributor to this success. From January to October 2024, the company sold 1.716 million vehicles, reflecting a 32% year-on-year increase, while exports surged by 62% to 347,000 units.

“Our success is built on a commitment to innovation,” said Mr. Ao. With over 30,000 R&D professionals and a decade-long investment of 200 billion yuan in research and development, Geely is setting industry standards in technology and quality. The company’s global footprint now includes more than 800 sales and service outlets in over 80 countries.

Geely’s mission extends beyond competition. It aims to lead the global transition to electrification by delivering smarter, greener, and higher-quality mobility solutions.
In the highly competitive EV market, Geely sees competition as an opportunity to test its capabilities and refine its offerings. “Understanding the unique needs of each market is crucial,” said Mr. Ao. By blending global expertise with localized solutions, Geely strives to provide vehicles that meet diverse consumer preferences while fostering sustainable growth.

The global EV market is thriving. In 2024, EV sales are expected to reach 16.7 million units, up from 13.9 million in 2023. This rapid growth reflects a shift driven by environmental awareness, regulatory changes, and improvements in charging infrastructure.

Geely is well-positioned to capitalize on this momentum. With a focus on advancing battery technology, autonomous driving, and emissions reduction, the company continues to innovate in anticipation of future demands.

Although Geely has not finalized its plans, the company is closely studying Uzbekistan’s automotive market, which has shown consistent growth. A rising middle class and rapid urbanization are driving demand for modern, reliable, and affordable vehicles. Consumers are increasingly interested in both traditional internal combustion engine (ICE) vehicles and electric vehicles.

“Uzbekistan presents exciting opportunities for growth,” noted Mr. Ao. “We are optimistic about the potential of this market and look forward to exploring partnerships with local companies to support the development of the ICE and EV sectors.”

Geely sees Uzbekistan as a promising destination to introduce smarter and greener vehicles that align with the country’s evolving consumer preferences.

While no formal plans have been announced, Geely’s exploration of the Uzbek market aligns with its broader strategy of sustainable innovation and market expansion. By focusing on tailored solutions and high-quality offerings, Geely aims to enhance the driving experience in Uzbekistan while contributing to the growth of its automotive ecosystem.

Geely’s consideration of Uzbekistan reflects its commitment to identifying markets with significant growth potential. With its emphasis on sustainability, innovation, and consumer-centric solutions, the company has the vision and expertise to make a meaningful impact if it chooses to enter this promising market. For Uzbekistan, the arrival of a global leader like Geely could mark an exciting step forward in the development of its automotive industry.