Geely Auto (GELYY): The Undervalued EV Giant Poised for Global Dominance

https://global.geely.com/en/

The electric vehicle (EV) revolution is in full swing, but investors face a dilemma: Tesla (TSLA) is overpriced, and BYD (BYDDF) is no longer the bargain it once was. But what if there was an EV stock that’s cheaper, faster-growing, and better diversified than both?

Enter Geely Auto (GELYY)—China’s overlooked EV powerhouse. With ownership of premium brands like Volvo, Polestar, Zeekr, and Lotus, Geely is quietly building a global empire while trading at a dirt-cheap valuation. Unlike its high-flying rivals, Geely blends the best of both worlds: EV growth potential and strong profitability—something Tesla and NIO can’t claim right now.

This deep dive will break down why Geely is the smartest way to invest in the EV boom without overpaying. By the end, you’ll see why Geely might be the best EV stock you’re not buying yet. 🚀

Geely is not just another Chinese automaker—it’s a global conglomerate with a multi-brand strategy, strong financials, and an aggressive EV transition plan. Trading at a P/E of just 11.5x (vs. BYD at 18x and Tesla at 50x), Geely is a deep-value EV play with massive upside potential.

 1. Financial & Valuation Comparison: Geely vs. Tesla, BYD, NIO, XPeng

Metric (2024)	Geely (GELYY)	Tesla (TSLA)	BYD (BYDDF)	NIO (NIO)	XPeng (XPEV)
Market Cap	$23B	$600B	$100B	$15B	$10B
P/E Ratio	11.5x	50x	18x	N/A	N/A
Revenue	$33.5B	$97.7B	$107B	$15B	$12B
Net Income	$2.3B	$11.5B	$5.56B	-$1.5B	-$1B
EV Sales	888,235	1,790,000	1,764,992	221,970	150,000
Total Vehicle Sales	2,176,567	1,790,000	4,272,145	221,970	150,000
Gross Margin	15.9%	20%	21.9%	5%	3%
Net Cash Position	$3.8B	$20B	$10B	-$2B	-$1.5B

 2. Global Market Expansion & Demand Trends

Region	Geely's Market Share	Key Growth Drivers
China (60% of sales)	Strong	High demand for Zeekr, Lynk & Co.
Europe (25%)	Growing	Volvo, Polestar, and Lotus gaining traction
Southeast Asia (10%)	Expanding	Proton dominates Malaysia, Thailand, Indonesia
Middle East & LATAM (5%)	Rising	Exports of affordable EVs like Geometry

 3. Geely’s EV Growth Strategy: Zeekr, Volvo, Polestar, Lotus

• Zeekr: Premium EV brand with 222,123 deliveries in 2024, marking an 87% increase. Zeekr IPO could be valued at $10B+.
• Volvo & Polestar: Volvo is fully electric by 2030, Polestar (NASDAQ: PSNY) saw 54,600 sales in 2024.
• Lotus: Reinventing itself as an ultra-luxury EV brand, considering a $9B IPO in 2024.

 4. How Geely Stacks Up Against Tesla & BYD

Factor	Geely (GELYY)	Tesla (TSLA)	BYD (BYDDF)
Valuation	P/E 11.5x	P/E 50x	P/E 18x
EV Sales Growth	+92% in 2024	+35% in 2024	+61% in 2024
Global Reach	Expanding rapidly	Strong U.S. & China presence	Dominating China & expanding globally
Profitability	Net income up 213% YoY	$11.5B net profit	$5.56B net profit

 5. Why Geely is a Smart Investment Now

• Diversified Brand Portfolio: Ownership of Zeekr, Volvo, Polestar, and Lotus enables Geely to compete across multiple price segments.
• Aggressive Electrification Strategy: EVs now make up 41% of total sales.
• Undervalued Stock: Trading at 11.5x P/E, Geely is significantly cheaper than Tesla and BYD.
• Global Expansion: Rapid overseas growth and increasing export volumes indicate strong international demand.
• Upcoming IPOs: If Zeekr and Lotus go public, Geely’s valuation could surge.

 6. Long-Term Investment Thesis: Why Buy Geely Now?

• 50%+ Upside Potential: If EV contributions rise, Geely could re-rate to BYD’s valuation.
• Zeekr & Lotus IPOs: Unlocking hidden value.
• 1.5M EV Sales by 2027: Targeting a 50% CAGR.
• Global Expansion: Increasing demand in Europe and Southeast Asia.

While Tesla and BYD dominate headlines, Geely (GELYY) offers a rare mix of value, growth, and global diversification. With a P/E of just 11.5x, strong cash reserves, and multiple EV brands scaling up, Geely is the most undervalued EV stock today.

Top Chinese EV Brands by Global Reach

Brand	Parent	Countries Sold In	Key Markets
MG (Roewe, Maxus)	SAIC Motor	80+ 🌍	Europe, Australia, LATAM, Middle East
BYD	BYD Auto	70+ 🌏	Europe, Japan, Thailand, Brazil, Mexico
Geely Group (Volvo/Polestar/Zeekr/Lotus)	Geely	50+ 🚀	Europe, North America, Middle East
NIO	NIO Inc.	25+ 🔌	Europe (Germany, Norway), Southeast Asia
XPeng	XPeng Motors	20+ ⚡	Europe, Israel, Southeast Asia

Stay Figgy, 

The Figured Figs Team 🌱

Disclaimer: “This article is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Readers are encouraged to consult a licensed professional before making any financial decisions."