25 July 2024 – In the first half of 2024, Geely Auto Group has reported combined sales of 955,730 vehicles delivered, marking a 41% increase compared to the same period during 2023.
Notably, global sales outside of China demonstrated exceptional performance, with the group's export sales reaching 197,428 vehicles during the period, representing a substantial year-on-year growth of over 67%. This growth rate represents a new historical high for the company. Geely Auto Group’s achievement in the first half of 2024 has led the Group to increase its annual export sales target from 330,000 to 380,000. The significant expansion in Geely Auto Group's overseas business underscores the company's steadfast commitment to its globalization strategy.
(In May 2024, new Geely Preface made its overseas debut in Saudi Arabia)
(In May 2024, Geely Okavango launched in Kazakhstan)
With the acceleration of Geely's global expansion and the enhancement of its international influence, the company has achieved high-quality market share in multiple countries. Geely Auto has ranked among the top three in terms of Chinese brand vehicle sales in 14 countries, including Saudi Arabia, the UAE, Qatar, and the Philippines.
The Geely Coolray, known for its exceptional performance and dynamic design, has not only set new standards for hot hatch models in China but has also become the top choice for B-segment SUVs globally. In the first half of 2024, Coolray ranked among the top three Chinese brands in terms of sales in its segments in seven countries, including Saudi Arabia, UAE, Kazakhstan, Kuwait, Qatar and Panama.
Geely's flagship model, the Monjaro, has set a new record for the brand's overseas sales in the first half of 2024. In terms of sales, the Monjaro is the top three Chinese automotive brands in five countries, including Saudi Arabia, the UAE, and Qatar.
The new-generation Emgrand, which holds historic importance for Geely, has experienced rapid growth abroad, achieving the top position in sales in five countries, including Kazakhstan, Qatar, and Saudi Arabia. Additionally, the Okavango, which was recently launched in Kazakhstan in May, has quickly become a hit among consumers, entering the top three position in its segment’s total sales, in the same month as its launch.
In the first half of 2024, Geely expanded its global footprint by adding over 120 new sales and service outlets. The company now operates more than 650 sales and service points across 76 countries and regions, deepening its connection with global customers, and serving as a core driver of the brand's reputation.
As of today, Geely has established three subsidiaries in Eastern Europe, the Middle East, and Latin America, and will continuously expand its business across five key regions (Europe, Africa, Latin America, the Middle East, and Asia-Pacific). By leveraging on its leading innovations and technologies, as well as its robust global operations system, Geely is accelerating its expansion into new markets such as Australia, New Zealand, Indonesia, and Vietnam. Geely Auto Group strives to revitalize local automotive industries by partnering with dealers and retailers, harnessing the benefits of localization, and driving innovation.
2024 is a pivotal year for Geely’s development in global markets, with the annual export target increasing from 330,000 to 380,000 units. Looking ahead, Geely Auto Group will further focus on entering more market segments, product innovation, brand rejuvenation, and enhancing global supply chains, to ensure sustainable high-quality growth. Geely Auto Group will also continue to deepen its globalization strategy, providing more diversified products and high-quality services to all consumers around the world.
About Geely Auto Group
Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China and was founded in 1997 as a subsidiary unit of Zhejiang Geely Holding Group (ZGH). The group manages several leading brands including Geely Auto, Lynk & Co, and Zeekr. Geely Auto Group is also the global strategic partner to Malaysian national automaker PROTON.
The group employs more than 50,000 people, operates 12 plants, five global R&D centers in Hangzhou, Ningbo, Gothenburg, Coventry and Frankfurt. The Group also boasts four global design studios in Shanghai, Gothenburg, Milan, and Coventry respectively with over 1000 members of staff in total. Geely Automobile Holdings, a subsidiary company holding controlling stakes in Geely Auto, Lynk & Co, and Zeekr has been listed on the Hong Kong stock exchange since 2005.
In 2023, the brands under Geely Auto Group management sold over 1.68 million units, with new energy vehicle sales increasing 48.3%, and exports growing 38%.
Press Contact:
Geely Auto International Corporation Public Relations
geely.global.pr@geely.com