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.

Geely Auto Group participated in the special Electric Vehicle Expo @Automechanika Frankfurt this year as leading representatives. Geely Auto Group brought three of its brands that are looking to enter or expand in the European market, including Zeekr, Lynk & Co, and Geely Auto.

Geely Holding announced today that aggregate sales for August 2024 across its automotive brands reached 271,926 vehicles, a 14.9% YoY increase. Cumulative sales in the first eight months of 2024 reached 2,011,392 units, a YoY increase of 21.6% with electrified vehicles accounting for 823,654 units, a YoY increase of 48.5%. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 127,133 vehicles, representing a YoY increase of 51.7% and representing 46.8% of the Group sales. Sales of vehicles in markets outside of China also saw significant growth reaching 796,111 units in the first eight months of the year, a YoY increase of 24.3%.

Zhejiang Geely Holding Group’s strategically invested subsidiary, Geespace, has reached a major milestone in its satellite network project. At 2.30 AM Beijing time on September 6th, 2024, the company successfully launched the third orbital plane of the ‘Geely Future Mobility Constellation’ from the Taiyuan Satellite Launch Center. This latest launch deployed 10 satellites, all of which entered their designated orbits and are operating as expected.

Geely Automobile Holdings Ltd (HK.0175) (Geely Auto), the Hong Kong-listed entity in which Zhejiang Geely Holding Group is the lead shareholder and is the major shareholder in three brands including Geely Auto, Lynk & Co, and Zeekr, released its 2024 H1 results revealing revenues of 107.3 billion RMB, up 46.6% YoY with net profits of 10.6 billion RMB, up 574.7% YoY.

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.