One unit rolled off the line every minute… Geely EX2 sets new record for ultra-fast 1 million-unit production

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The compact electric vehicle model "EX2" (known as Xingyuan in China) from Geely Automobile reached a cumulative production milestone of 1 million units exactly 24 months (two years) after its launch. This marks the fastest time to reach 1 million units for any single automobile model worldwide, setting an unprecedented record in the history of the global automotive industry.

It beat the previous record of 27 months held by rival BYD's Seagull (sold overseas as Dolphin Mini), which had been the fastest in the electric vehicle sector to reach 1 million units, by three months. In comparison, Tesla's mass-market Model 3 took approximately four years after its launch to produce 1 million units, highlighting a significant gap in production speed. Geely Automobile stated that at peak production efficiency, the ultra-high-speed line achieved an output rate of one vehicle delivered every minute.

Factors cited for achieving 1 million units in such a short period include exceptional cost-effectiveness and vehicle design structure. Priced at approximately 60,000 yuan (roughly around 10 million won) in the Chinese domestic market, it maximized demand for urban mass-market electric vehicles. Additionally, the inclusion of LFP (lithium iron phosphate) batteries, the application of a rear-wheel drive system, and superior interior space utilization compared to similar segments played key roles.

Furthermore, aggressively expanding global sales channels beyond the Chinese domestic market proved effective. The company proceeded with exports to major overseas markets such as the United Kingdom and Australia. In Malaysia, it collaborated with local state-owned automotive firm Proton to establish a production and sales system under the local name "Proton e.MAS 5." A strategy combining local assembly and exports contributed to accelerating volume growth.

Experts assess that Geely EX2's record of surpassing 1 million units in two years serves as a representative case demonstrating the overwhelming manufacturing capabilities and supply chain dominance of Chinese electric vehicle manufacturers.

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*This content was translated by AI.View Original