The zero-carbon transformation has become a global consensus. Geely fully considers the global carbon peaking and carbon neutrality timelines, strategically planning in the areas of passenger cars, commercial vehicles, and shared mobility. The company actively explores diverse new energy technologies, including pure electric, hybrid, green methanol, and battery swapping.

Embarking on a carbon neutral path, Geely Holding aims to build a low-carbon value chain, and strives to become China’s leading carbon-neutral company. To this end, we have developed a carbon neutrality strategy that features “one overarching goal, two energy drivers, three carbon neutral scenarios, and four paths to zero carbon” as a guideline for the Group and its subsidiaries as we transition to carbon neutrality.

Entire-chain carbon neutrality by 2045.

We support our subsidiaries to establish more photovoltaic projects, enhance the installed capacity of photovoltaic, and promote hydropower as clean energy in manufacturing bases to win a competitive edge in green and low-carbon manufacturing.

Geely Holding has been delving into the methanol technology and overcoming bottlenecks to ensure energy security and low-carbon development since 2005. We align the entire green methanol industry chain, including carbon dioxide capture, methanol preparation, transportation, filling, and methanol vehicles, and work with upstream and downstream suppliers to build a methanol circular ecosystem that includes methanol production and transportation, methanol filling stations, methanol vehicles, and methanol capture, taking a leap forward from small-scale pilot to large-scale operation and application.

Geely Holding focuses on the electrification and intelligentization of the automotive industry. We coordinate efforts in leading technological revolution of Chinese auto brands by exploring diverse new-energy technical paths which include pure electric, hybrid, plug-in hybrid, green methanol, and battery-swapping technologies.

Geely Holding’s two major travel brands, Cao Cao Mobility and LEVC Limao Mobility, adhere to the concept of green and low-carbon development. During the reporting period, Cao Cao launched the Caocao 60 pure electric sedan with swappable batteries and fast DC charging. Equipped with Geely’s intelligent drive-through battery swapping technology, battery change takes only 60 seconds, further boosting energy efficiency. LEVC Limao Mobility is actively exploring zero-carbon travel. The TX5 model, a dedicated vehicle for travel services, uses pure electric and range-extended new energy. It offers flexible energy replenishment methods and a longer driving range, helping to reduce carbon emissions in cities.

Specialized in the R&D and application of new energy commercial vehicles, Farizon Auto maintains parallel technical paths, and has created several service platforms such as Green Intelligent Link, Oneworld Technology and Soland Technology. These platforms leverage AI to match people, vehicles, goods, stations, and electricity in all scenarios, leading to reduced costs and increased efficiency within the logistics industry. This, in turn, contributes to whole-chain carbon-neutral logistics.

Geely Holding first puts forward the concept of “zero-carbon-ready”, and promises to achieve the goal by 2040. Zero-carbon-ready refers to having the conditions necessary for achieving zero emissions, even if it hasn’t been fully realized yet. We seek a cleaner energy mix at the operational level, starting from plant, operating vehicles, and buildings, to reduce excessive reliance on coal and oil, explore and switch to alternative energy sources, including wind, hydropower, photoelectricity, hydrogen, biomass, and methanol. We continuously explore net-zero alternatives, transition to net-zero electricity during operation, and decarbonize in methanol preparation and application technology, laying foundations for net zero in the future.

Geely Holding aims to achieve entire-chain carbon neutrality by 2045. We encourage our subsidiaries to establish carbon neutrality goals and indicators to support the Group’s overall goal from management, system, actions and performance. Additionally, we drive decarbonization across the value chain to transform to low-carbon and sustainable industrial development.