Geely Launches Affordable Electric Sedan in China at $19,170
Chinese automaker Geely Auto launched the Galaxy TT electric sedan on September 10 with a starting price of approximately $19,170. The vehicle features an advanced 800-volt platform and fast-charging capabilities that can charge from 10% to 80% in about 12 minutes. It is equipped with a lithium iron phosphate battery offering up to 398 miles on China's CLTC test cycle, making it one of the most affordable EVs available globally. In contrast, U.S.-market electric vehicles start at around $29,990 before taxes and incentives have expired. The Galaxy TT is unlikely to enter the American market due to high tariffs including a 100% Section 301 tariff imposed in 2024 and other duties that would significantly increase its price upon importation. The launch highlights growing affordability challenges for EV buyers in the U.S., where average new vehicle prices have surpassed $50,000. Geely's move underscores China’s competitive edge in producing cost-effective electric vehicles with advanced technology.
Topics: automotive industry China market electric vehicles Geely Auto