In 2023, Geely Holding Brands experienced a 20% surge in annual sales, reaching a total of 2.79 million units.

• Group sales of electrified and clean alternative fuel vehicles grew over 51% to more than 980,000 units, representing 35% of aggregate sales.
• Growth across brand portfolio driven by demand for electrified vehicles.
  

Zhejiang Geely Holding Group (Geely Holding) has announced a remarkable achievement in its 2023 annual sales report. The aggregate sales across its automotive brands, including Geely Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon, witnessed a substantial 20% year-on-year growth, reaching an impressive total of 2.79 million units. This achievement not only establishes a new record for the Group but also marks the sixth consecutive year in which Geely Holding has surpassed the 2 million units mark in aggregate sales.

The Group’s commitment to a green and electrified future is evident, with sales of electrified and clean alternative fuel passenger and commercial vehicles experiencing a robust 51% year-on-year increase, totaling approximately 980,000 units. Notably, these sales now account for 35% of the Group’s aggregate sales.

This outstanding sales performance aligns seamlessly with Geely Holding’s strategic focus on electrification, next-generation technologies, and sustainability synergies. Throughout 2023, the Group showcased its core advantages in synergy building and technology sharing, unveiling several new electric models across Geely’s brand portfolio. These models, developed on Geely’s Sustainable Experience Architecture (SEA) and its derivatives, include noteworthy additions such as Geely Auto’s Yinhe E8, Zeekr 007, Lynk & Co 07 EM-P, Volvo EX30, Polestar 4, Lotus Emeya, smart #3, PROTON S50, and Farizon SuperVAN.

Breaking down the unit sales by brand, Geely Auto, the Hong Kong-listed holding company, reported sales of 1.68 million units in 2023, marking an impressive 18% year-on-year increase. Lynk & Co, the premium brand under Geely Auto Group, achieved a significant 22% year-on-year increase, delivering 220,250 vehicles globally. ZEEKR, Geely’s electric mobility brand, surpassed expectations by delivering over 100,000 units, with plans to double its sales in 2024.

Other brands within the Geely Holding portfolio, including Proton Cars, Lotus Cars, Volvo Cars, Polestar, smart, RADAR, LEVC, and Farizon, each contributed to the overall success of the Group with notable achievements and growth milestones in their respective segments.

Looking ahead to 2024, Geely Holding anticipates accelerated growth in electrified and clean alternative fuel vehicles sales across its brands. With a focus on new electrified models, global production, and delivery, the Group aims to continue its upward trajectory, further solidifying its position as a leader in the automotive industry.