Geely Holdings targets 6.5 million global sales and trillion-yuan revenue by 2030

Geely Holding Group, one of China’s leading automotive companies, has announced a strategic roadmap for 2030, targeting growth in global sales, new energy vehicle (NEV) penetration, and revenue. The announcement was made by An Conghui, CEO of Geely Holding Group, at the “Geely’s 40th Anniversary Entrepreneurship” Strategy Analysis Conference held on January 22.

The group’s 2030 strategic objectives include:

• Achieving global sales exceeding 6.5 million vehicles.
• NEVs accounting for approximately 75% of total sales.
• Overseas sales surpassing one-third of the total.
• Reaching a global revenue of over 1 trillion yuan (143 billion USD).

These forward-looking goals are underpinned by Geely’s performance in 2025, which saw it achieve a new historical high in total sales. The group’s overall sales for 2025 reached 4,116,321 vehicles, marking a 26% year-on-year increase and representing five consecutive years of growth.

NEV sales rose to 2,293,099 units in 2025, a 58% increase year-on-year. This pushed the NEV penetration rate within the group to 56%.

A breakdown of key brand performances in 2025 further illustrates the group’s strength:

• Geely Auto (including Geely China Star, Galaxy, Lynk & Co, and Zeekr) reported sales of 3,024,567 vehicles, up 39% year-on-year. NEV sales for this segment reached 1,687,767 units, a 90% year-on-year surge. Looking ahead, Geely Auto aims for 3.45 million units in 2026, with NEVs targeted at 2.22 million units.
• Volvo Cars contributed 710,042 vehicles to the group’s total, with NEV sales at 323,294 units, achieving a 46% NEV penetration rate.
• Proton saw sales of 162,601 vehicles, a 6.5% increase year-on-year.
• Polestar delivered over 60,000 vehicles, marking a growth of over 30% compared to the previous year.
• Lotus Sports Cars experienced a 30% sales growth in the crucial Chinese market.
• Farizon New Energy Commercial Vehicle sold 162,019 units in 2025, bringing its cumulative sales to over 500,000 vehicles.

Editor’s comment

For Geely Holding, growth could stem from increased sales of its existing brands, necessitating a 9.6% compound annual growth rate over the next five years. Alternatively, growth could be driven by new acquisitions. It’s worth noting that Geely already holds nearly a 10% stake in Mercedes-Benz. Since its inception, Geely has consistently shown a strong appetite for acquisitions, and it is plausible that the company will continue to acquire new brands over the next five years.