- New energy vehicles account for majority of deliveries in first quarter
- Overseas expansion and smart driving rollout accelerate
Geely Holding Group reported first-quarter vehicle sales of 937,927 units, with new energy vehicles (NEVs) accounting for 491,006 units, as electrification passed the 50% mark for the first time on a quarterly basis.
NEV sales rose 5.8% year-on-year, lifting penetration to 52.4%, as the company continued its shift toward electrified and software-defined vehicles across its multiple brands.
On the technology front, Geely said its next-generation in-vehicle AI system, combining a “super agent” and its G-ASD 4.0 assisted driving stack, is set to enter mass production on the Zeekr 8X, reinforcing its push to integrate AI across vehicle platforms.
International expansion also remained a key growth area. The group said it has completed brand positioning in five major European markets, while sub-brand Polestar continued to expand its global retail footprint.
Geely, however, did not disclose the market share or growth figures for Polestar.
Farizon, its commercial vehicle brand, also saw batch deliveries in Europe, Asia-Pacific, the Middle East and the Americas, marking a shift from single-market exports to a broader overseas operating network.
The results come as Geely marks its 40th anniversary and advances its long-term “One Geely” strategy outlined in the 2024 “Taizhou Declaration.”
Issued as part of Chairman Li Shufu’s speech in September 2024, the declaration calls for tighter integration and focus across its brands.
The group is expected to showcase its latest technology roadmap at the upcoming 2026 Beijing Auto Show next week.
