Geely Holding sells 3.336-M units in 2024

The conglomerate’s first time to breach 3 million units in aggregate sales

Geely Holding sells 3.336-M units in 2024

MANILA: The car brands owned by the Zhejiang Geely Holding Group have managed to sell a total of 3.336 million vehicles in 2024

KEY TAKEAWAYS

  • What is the global sales figure achieved by Geely Holding in 2024?

    Geely Holding has achieved a global sales figure of 3.336 million vehicles in 2024.
  • How many new energy vehicles did Geely Holding sell globally in 2024?

    Geely Holding sold 1.497 million new energy vehicles around the world in 2024.
  • The aforementioned sales figure is equivalent to a 22 percent year-on-year increase, thus setting a new record for Geely Holding. Specifically, the conglomerate shared that it is the first time it has achieved more than 3 million units in aggregate sales

    Furthermore, Geely Holding’s 2024 figures are led by its lineup of electrified and clean alternative fuel vehicles. In 2024, it sold a total of 1.497 million new energy vehicles - a 52 percent year-on-year increase. 

    Sales in other territories outside China likewise reached 1.221 million units, which is equivalent to a 21 percent year-on-year increase. 

    Sales breakdown by brand

    The Geely Holding-owned Geely Auto, which also holds majority shares in Lynk & Co and Zeekr, reported that it managed to hand over 2.17 million vehicles to its clients in 2024. Out of the said figure, 888,235 units were battery electric vehicles, plug-in hybrids, and hybrid electric vehicles. 

    Geely Holding Photo from Geely Holding

    On a global scale, Lynk & Co managed to deliver 285,441 units to its clients in 2024. Zeekr, on the other hand, recorded 222,123 units sold last year. 

    In 2024, Volvo Cars also sold 763,389 vehicles globally - a historic record for the brand. Proton Cars, meanwhile, also handed over a total of 152,352 units to its clients last year. 

    Geely Galaxy, which exclusively sells electric vehicles and hybrids, saw 494,440 units sold in 2024. 

    According to Geely Auto, the sales growth for all of its brands can be attributed to its expanding global presence and the increased adoption rate of electric vehicles. 

    2025 Targets, other future goals

    With its strong showing in 2024, Geely Holding has disclosed its sales target for 2025. It is looking to sell a total of 2.71 million vehicles globally this year, which is equivalent to roughly 25 percent more compared to its 2024 performance. 

    Geely Coolray Photo from Geely PH

    In the Philippine market, 2024 closed with Geely out of the top 10 performing brands in the annual report from the Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and the Truck Manufacturers Association (TMA)

    Geely Philippines, however, is now directly managed by its mother company. As such, we can expect to see more out of the Chinese marque’s local arm this year. 

    Also read: 

    Geely PH updates Coolray, price starts at P1.199-M

    Cesar Miguel

    Cesar Miguel

    A car enthusiast who dreams to spread his love of automobiles through writing. If he isn’t penning stories about cars, he usually spends his time in the digital race tracks of Assetto Corsa.

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