Geely Brought A Year of Records and Sustainable Growth

Geely Holding set a sales record in 2023 propelled by strong demand for electrified vehicles and successful new models

In a groundbreaking year, Geely Holding Group achieved a remarkable 20% YoY increase in aggregate sales, setting a new record at 2.79 million units. Here’s a concise breakdown of their key achievements:

Electrified Vehicle Surge

Electrified and clean alternative fuel vehicle sales soared by over 51%, constituting 35% of total sales.

Brand-Specific Highlights

Geely Auto reported an 18% YoY sales increase, driven by global expansion and a doubling of electrified vehicle sales.
Lynk & Co celebrated a 22% YoY increase, surpassing 1 million vehicles delivered since inception.
Zeekr, in its second year, delivered over 100,000 units, unveiling its third model with plans to double sales in 2024.
Lotus Cars experienced a remarkable 1300% YoY sales increase, with over 50% coming from electric models.

Outlook for 2024

Geely Holding anticipates accelerated growth in electrified and clean alternative fuel vehicle sales. Geely Automobile Group targets 1.9 million units in 2024, Zeekr aims to double premium EV sales, and Polestar targets 150,000 annual sales by 2025.

Geely Holding’s vision is marked by electrification and innovation. It positions the company at the forefront of the automotive industry. As they set ambitious targets for 2024, it’s evident that Geely Holding is shaping the future of sustainable mobility.