Chinese automotive giant Geely Group, the parent company of brand names such as Volvo, Polestar, and Zeekr, will aim to exceed annual sales of 6.5 million by 2030 with a share of plug in and fuel cell vehicles accounting for over 75 per cent.
Geely unveiled its five-year strategic blueprint on Tuesday, outlining the company’s plan to become a leader among global automakers.
Total sales for Geely in 2025 reached 4.116 million vehicles, a year-on-year increase of 26 per cent, notching up five consecutive years growth.
This was the first time Geely had exceeded 4 million vehicle sales for a single year, and ranked the company seventh globally, marking them as the fastest-growing carmaker among the top ten global automotive groups.
Of that total, 2.293 million sales were of new energy vehicles – a catchall term in China that generally refers to battery electric vehicles (BEVs), plug-in hybrid EVs (PHEVs), and fuel cell EVs (FCEVs). This reflected a year-on-year increase of 58 per cent and accounted for 56 per cent of all sales for the year.
By the end of the decade, Geely is aiming to ramp up car sales by 58 per cent to 6.5 million annually, set to be dominated by NEVs which will account for 75 per cent of all sales – or around 4.875 million.
The company is also aiming to increase sales outside of its home market of China to more than one-third as well as develop “world-class new energy architectures” that cover A- to E-class models that reduces the average research and development cycle and overall cost per model by over 30 per cent.
Geely’s ongoing focus will remain on its so-called “Seven Dimension technology ecosystem, centred around intelligent driving, intelligent cockpit, E/E architecture, vehicle architecture, battery, electric drive, and super hybrid powertrains.
The company will also aim to further strengthen its leading position in electrification and intelligence safety.
Joshua S. Hill is a Melbourne-based journalist who has been writing about climate change, clean technology, and electric vehicles for over 15 years. He has been reporting on electric vehicles and clean technologies for Renew Economy and The Driven since 2012. His preferred mode of transport is his feet.