News

2024 Sales by Geely Holding Brands Rise 22% to 3.337m Units, Targets 5m Units by 2027

Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales across its automotive brands grew 22% year-on-year to 3,336,534 units in 2024, setting a new record for the Group. For the first time in its history, Geely Holding achieved more than 3 million units in aggregate sales. Electrified and clean alternative fuel new energy vehicles led growth throughout the year reaching 1,487,954 units, a 52% YoY increase, representing 45% of aggregate sales. Sales of vehicles in markets outside of China also saw significant growth reaching 1,221,852 units over the past year, a YoY increase of 21%.

Farizon SV Sets New Safety Standard with Euro NCAP Platinum Rating

The Farizon SV, the latest battery electric commercial van from Farizon Auto received a platinum safety award from the Euro NCAP (European New Car Assessment Program) with a score of 85 points, placing it amongst the best options for safe and reliable commercial vehicles. The award also makes Farizon the top-ranked Chinese electric commercial vehicle brand in the Euro NCAP ratings.

Geely Holding Brands November 2024 Sales Increase 20.7% to 355,021 Units

Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales for November 2024 across its automotive brands reached 355,021 vehicles, a 20.7% YoY increase. Cumulative sales in the eleven months of 2024 reached 3,006,943 units, a YoY increase of 21% with electrified vehicles accounting for 1,318,044 units, a YoY increase of 52%. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 176,089 vehicles, representing a YoY increase of 60.6% and representing 49.6% of the Group sales. Sales of vehicles in markets outside of China also saw significant growth reaching 1,115,299 units in the first ten months of the year, a YoY increase of 22%.

Aramco Completes Acquisition of 10% Stake in Horse Powertrain Limited

Aramco, one of the world’s leading integrated energy and chemicals companies, through a directly and wholly owned subsidiary, Aramco Asia Singapore Pte. Ltd., has completed the purchase of a 10% equity stake in Horse Powertrain, a global leader in hybrid and internal combustion powertrain solutions. The transaction builds on Aramco’s efforts to develop new mobility solutions with the potential to reduce transport emissions. The transaction’s completion follows the signing of definitive agreements on June 28, 2024, and receipt of all applicable regulatory approvals. Aramco’s investment is based on a €7.4 billion enterprise valuation of Horse Powertrain, in which Renault Group and Geely (through Geely Holding and Geely Auto) each retain a 45% stake.

Geely Holding Supports Strategic Integration between Zeekr and Lynk & Co

Geely Holding Group (Geely Holding) welcomes the intention of its invested new energy brands, Zeekr and Lynk & Co, to seek greater synergies through a proposed combination, which would create a strong global entity. The proposed move aims to accelerate technology synergies between the two brands, streamline product portfolios, and boost talent development, ultimately leading to greater global sales volume.

Geely Shares Decarbonisation Experience at COP29

Zhejiang Geely Holding Group participated in the 29th United Nations Climate Change Conference (COP29) in Azerbaijan, joining a roundtable forum on reducing carbon emissions within the new energy industry value chain and promoting a sustainable future. Geely Holding was invited to share its 20-year experience in developing a robust green methanol ecosystem, transforming traditional energy industries towards sustainable green energy, and applying real world solutions to achieve peak and zero carbon.

Geely Holding Brands October 2024 Sales Increase 21.2% to 332,258 Units

Zhejiang Geely Holding Group (Geely Holding) announced today that aggregate sales for October 2024 across its automotive brands reached 332,258 vehicles, a 21.1% YoY increase. Cumulative sales in the ten months of 2024 reached 2,651,922 units, a YoY increase of 21.1% with electrified vehicles accounting for 1,141,947 units, a YoY increase of 50.7%. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 165,625 vehicles, representing a YoY increase of 54.1% and representing 49.8% of the Group sales. Sales of vehicles in markets outside of China also saw significant growth reaching 1,009,975 units in the first ten months of the year, a YoY increase of 22.7%.

Inner Mongolia Alxa League 500,000-ton Green Methanol Project Kicks Off

The first 100,000-ton demonstration phase of a 500,000-ton green methanol production project in Alxa was officially launched. The green methanol project in Inner Mongolia is China's first 500,000-ton-level project that synthesizes green methanol by using wind and solar power for the electrolysis of water to produce hydrogen and combining it with carbon dioxide captured from industrial operations. 

Geely Holding Brands September 2024 Sales Reach Record High 308,119 Units

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%.

Geely Holding Group Statement on European Commission Vote on Provisional Countervailing Duties

Geely Holding expresses great disappointment in European Commission’s decision to impose countervailing duties on electric vehicles produced in China. The decision is not constructive and may hinder EU-China economic and trade relations, ultimately harming European companies and consumer interests. Geely Holding always supports free trade, advocates for fair competition, and strictly abides by all laws and regulations in the markets where it operates. Geely Holding is fully committed to providing exceptional products and services to global users and will work with partners in the EU region on solutions.