• In the nine months reported since the beginning of the year, cumulative sales reached 2,319,664 units, a YoY increase of 21%.
  • Aggregate sales across all Geely Holding portfolio brands exceeded 308,119 units in September 2024, a 17.8% YoY increase.
  • Group sales of electrified vehicles grew over 59.6% to 152,515 units, representing 49.5% of the aggregate sales in September.
  • Cumulative sales of electrified vehicles 976,256 units, a YoY increase of 50.1%.
  • Cumulative sales of vehicles outside of China reached 907,578 units, a YoY increase of 24.1%

2024 October 7th, Hangzhou, China – Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales for September 2024 across its automotive brands reached 308,119  vehicles, a 17.8% YoY increase. Cumulative sales in the nine months of 2024 reached 2,319,664 units, a YoY increase of 21% with electrified vehicles accounting for 976,256 units, a YoY increase of 49.5%. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 152,515 vehicles, representing a YoY increase of 59.6% and representing 49.5% of the Group sales. Sales of vehicles in markets outside of China also saw significant growth reaching 907,578 units in the first nine months of the year, a YoY increase of 24.1%.

Unit Sales Details

Geely Auto, the Hong Kong-listed holding company (HK.0175) that includes Lynk & Co and Zeekr, reported September 2024 sales of 201,949 units, an approximately 21% YoY increase. Sales of electrified vehicle reached 91,134 units, a new record high and an increase of 76% YoY, accounting for 45% of the company’s total monthly sales. Lynk & Co, the company’s premium brand sold 25,803 units, an 18% YoY increase with electrified models accounting for 67% of the brand’s sales. The company’s high-end premium electric mobility technology brand, Zeekr sold 21,333 units, a YoY increase of 77%. Export sales for the company reached 39,183 units in September, representing a 51% YoY increase. In the nine months of 2024, the company saw its sales outside of China reach 314,038 units, an increase of 68% YoY.

Volvo Cars sold 62,458 vehicles globally in August, a YoY increase of 1.3%.  Electrified vehicles sales reached 30,174 units, up 43% YoY and accounting for 48.3% of its brand’s monthly total. The brand has been able to achieve overall global growth thanks for robust demand for its electrified products in Europe. Cumulative sales in the nine months of 2024 for the brand reached 560,922 units, a 10% YoY increase.

Proton Cars, of which Geely Auto Group controls 49.9% in partnership with DRB-HICOM, recorded September sales of 11,269 units and cumulative sales in the nine months of 2024 reach 112,758 units, enabling the brand to break the 100,000 annual sales benchmark for six consecutive years. With its continued outstanding performance, Proton has been able to consolidate its position as the second best-selling brand in Malaysia with an estimated market share of 20%.