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.

Zhejiang Geely Holding Group (Geely Holding) 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.

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%.

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.

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 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.