News

Geely Auto Group Sales Reach 955,730 Units in H1 2024

In the first half of 2024, Geely Auto Group has reported combined sales of 955,730 vehicles delivered, marking a 41% increase compared to the same period during 2023. Notably, global sales outside of China demonstrated exceptional performance, with the group’s export sales reaching 197,428 vehicles during the period, representing a substantial year-on-year growth of over 67%. This growth rate represents a new historical high for the company. Geely Auto Group’s achievement in the first half of 2024 has led the Group to increase its annual export sales target from 330,000 to 380,000.

Geely Holding Brands Half Year 2024 Sales Reach 1,493,715 Units

Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales for June 2024 across its automotive brands – Geely Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon reached 266,164 vehicles, a 14.3% YoY increase. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 120,879 vehicles, representing a YoY increase of 53.1% and representing 45.4% of the Group sales.

Aramco to Acquire 10% Equity Interest in HORSE Powertrain Limited, the New Global Powertrain Solutions Company Established by Renault Group and Geely

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company, alongside Renault Group, Zhejiang Geely Holding Group and Geely Automobile Holdings Limited (“Geely”). HORSE Powertrain Limited was formed on May 31, 2024, by Renault Group and Geely and is incorporated and headquartered in London, UK.

Geely Holding Group Statement on Provisional Countervailing Duties Disclosed by the European Commission

The European Commission has recently announced plans to impose provisional countervailing duties on electric vehicles produced in China. Geely Holding expresses great disappointment in the Commission’s decision.

Geely Holding and SK Sign Strategic Cooperation Agreement

SK Group, South Korea’s second largest conglomerate and Zhejiang Geely Holding Group (Geely Holding) has signed a strategic cooperation agreement covering multiple areas including batteries, automotive electronics components, and green energy. The move comes as part of both company’s strategy to secure global competitiveness in the green mobility sector.  

Geely Holding Brands May 2024 Sales Reach 256,556 Units

Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales for May 2024 across its automotive brands – Geely Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon reached 256,556 vehicles, a 22.2% YoY increase. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 110,681 vehicles, representing a year-on-year increase of 59% and representing 43% of the Group sales.

Renault Group and Geely announce the creation of leading Powertrain Technology Company, “HORSE Powertrain Limited”

Following the joint venture agreement signed on July 11, 2023, and after having obtained the approval of the relevant authorities, Renault Group, Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto) (collectively referred to above as “Geely”) have officially created HORSE Powertrain Limited, headquartered in London, United Kingdom.

Geely Holding Highlight Tech Synergies among Brands at 2024 Beijing Auto Show

Geely Holding highlighted increased tech synergies among its portfolio brands at the Beijing Automobile Show through new product launches and global debuts from Geely Auto, Zeekr, smart, JIYUE, Lotus, Volvo Cars, and Lynk & Co developed on shared Geely vehicle architectures such as the Sustainable Experience Architecture (SEA) and Compact Modular Architecture (CMA).