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.

Geely Holding Group Outlines Strategy for Continued Sustainable Development under Taizhou Declaration

In the spiritual ‘birthplace’ of Geely Holding Group (Geely Holding) and Geely Auto, Geely Chairman and founder Eric Li (Li Shufu) positioned a new strategic direction for the Group. Geely Holding has previously announced Strategic Declarations, notably the 2007 Ningbo Declaration that transitioned Geely from being a low scale vehicle manufacturer producing entry level vehicles into a global conglomerate with operations on every continent. In the latest declaration, Eric Li outlines five strategic points to ensure the continued long-term strategic development of Geely and achievement of the Group’s corporate mission to create “A Sustainable Future, A Better World”

Farizon Auto Sets Roadmap for Global Expansion

Farizon Auto (Farizon), the world’s largest producer of electric commercial vehicles and a brand of Geely Holding Group, has confirmed key markets for global expansion, focusing first on the European and MENA (Middle-East and North Africa) regions, followed by APAC (Asia-Pacific). This strategic move was highlighted at the recent signing of a Memorandum of Understanding (MOU) with ZF Friedrichshafen AG (ZF), a global technology company, at the IAA Transportation 2024.

Geely Auto Group Brands Showcases Latest Electrified Products for Global Markets in Frankfurt

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 Brands August 2024 Sales Reach 271,926 Units

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%.

Geely Future Mobility Satellite Constellation Nears Halfway Mark With Most Recent Global Service Launch

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 Auto 2024 H1 Revenues Exceed 107B RMB on Electrified and Overseas Sales Surge

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.