Geely just dared to sell an EV for under €14,000, and here's the catch nobody's talking about

Geely just dared to sell an EV for under €14,000, and here's the catch nobody's talking about
geely-motors.com
Dmitry Yakin
Author: Dmitry Yakin

Geely opens Spanish bookings for the E2 electric hatchback at €13,990 — but the full, unsubsidized price tells a very different story.

€13,990 — and that's not even the whole truth. Geely has opened bookings in Spain for its E2 electric hatchback, known in China as the Xingyuan, and walked in with a price tag that looks almost indecently low. That figure includes government incentives, a financing discount and launch promotions, which means the real number many buyers end up paying could look very different.

Without subsidies, the E2 Pro is priced at €17,900. Once the pre-booking period ends, the incentivized price is set to climb to €14,490. The gap between the advertised price and the full price reaches €3,910 — that's 21.8%. Worth remembering while you're eyeing that tempting number on the website.

To unlock an extra €500 discount, buyers have to put down a €500 deposit — a classic pay-to-save scheme. Geely's official site confirms the arrangement but hasn't yet published a full price list or an exact order-opening date. The only thing confirmed: the promotion runs until sales officially launch.

Geely E2
© geely-motors.com

The base E2 Pro gets a 35 kWh LFP battery and 252 km of range on the combined WLTP cycle. The Pro+ and Max+ trims go further, with a 47 kWh battery pushing claimed range to 345 km. In the urban cycle, that figure climbs all the way to 497 km, which Geely confirms separately.

A single electric motor rated at 85 kW, or 115 hp, drives the rear wheels. The car measures 4,140 mm in length with a 2,650 mm wheelbase. The rear trunk holds 375 liters, with the front trunk adding another 70 — an impressive spread for a car this size.

The Chinese model's official market launch is set for September 9. Geely has said the cars will reach dealers in early September, with the first customer deliveries following by the end of the month.

The real test will be the official price list. That's what will reveal the actual financing requirements, just how substantial the government support really is, and what the E2 will cost anyone paying without subsidies at all.

Latest Stories