Geespace Launches Eleven Low-orbit Satellites Expanding Geely Future Mobility Constellation

February 3, 2024

Geespace, the satellite technology and commercial services company invested by Zhejiang Geely Holding Group, completed its second successful satellite launch from China’s Xichang Satellite Launch Center on February 3rd, sending eleven satellites into low earth orbit as the second orbital plane of “Geely Future Mobility Constellation” satellite network.

Geely Holding Reiterates Long-term Commitment to Polestar’s Independent Development

February 1, 2024

Geely Holding Group, China’s leading privately-controlled automotive technology group, welcomes Volvo Cars decision to focus their resources on the company’s transformational journey and evaluate a potential adjustment to their shareholdings in Polestar, which may result in Geely Sweden Holdings as the subsidiary of Geely Holding, becoming a significant new shareholder.​​

2023 Annual Sales by Geely Holding Brands Rise 20% to 2.79m Units

January 12, 2024 | Zhejiang Geely Holding Group

Zhejiang Geely Holding Group announced today that aggregate sales across its automotive brands – Geely Auto, Geometry, Livan, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, RADAR, LEVC, and Farizon– grew 20% year-on-year to 2.79 million units in 2023, setting a new record for the Group. The Group also saw sales of electrified and clean alternative fuel passenger and commercial vehicles grow over 51% year on year to approximately 980,000 units and accounting for 35% of Group aggregate sales.

Geely Holding Significantly Expands Malaysian Operations Through Strategic Partnerships

December 12, 2023

Geely Holding Group has partnered with DRB-HICOM to form a joint venture focusing on the recently announced Automotive High-Tech Valley project. Simultaneously, Geely Holding’s subsidiary, GYMD Digital Technology Co., Ltd., has entered into a Heads of Agreement with ALTEL Group Sdn Bhd, further showcasing its commitment to diversify industrial growth. These initiatives mark a pivotal moment for Malaysia’s automotive sector, ushering in a new era defined by innovation and progress.

Announcement on Volvo Cars Shareholding

November 17, 2023

Zhejiang Geely Holding Group, China’s largest private-owned automotive group, has made the decision to release more of its shareholdings in Volvo Cars in accordance to its long-term strategy to enhance the value of the Nasdaq Stockholm listed Swedish carmaker through an increase of liquidity and offer more opportunities to generate sustainable long-term value for institutional and retail investors.

Statement Regarding EU Anti-Subsidy Probe on EVs

October 27, 2023

Geely Holdings follows all laws, regulations and supports fair market competition globally. Geely has been a careful guardian of iconic European automotive brands for over decade, its continued investments have enhanced European and Chinese industrial capacity, creating substantial industrial synergies. Geely Holdings regards free trade, including for EVs, as beneficial for all consumers and in helping to combat global climate change.

Geely Holding Deepens Commitment to Southeast Asia with New Collaborative Agreements

October 11, 2023 | PROTON, Zhejiang Geely Holding Group

Geely Holding Group, China’s largest privately held automotive group, signed a Master Collaboration Agreement with DRB-HICOM Berhad outlining the next steps to be taken by the two parties in their collaboration to develop Malaysia’s Automotive Hi-Tech Valley . In addition, Zhejiang Geespace Technology Co. Ltd. signed Heads of Agreement with Altel Communications Sdn. Bhd. focusing on the development and implementation of high technology systems to complement Altel’s existing spectrum.

Geely’s Green Methanol Fuels 19th Asian Games Ceremonial Torch

September 21, 2023

The 19th Asian Games, which officially commences in Hangzhou on September 23rd, will mark an extraordinary milestone in sporting history when it becomes the pioneering global event to employ carbon neutral green methanol for the ignition and fuelling of the Games main torch. The carbon neutral methanol for the historic Torch lighting will be provided by Geely Holding Group.