Geely Holding targets top-five global ranking by 2030

Geely Holding Group is targeting global sales of more than 6.5 million vehicles and revenues exceeding 1 trillion RMB (NZ$239b) by 2030 as it aims to break into the top five global automakers.

The Chinese group, which owns Volvo Cars, Zeekr, Polestar, Lotus, Lynk & Co, and Geely Auto, released its five-year strategic blueprint on February 10 under the banner “One Geely, Leading through Innovation and Integration”.

New energy vehicles are targeted to make up more than 75 per cent of total sales by 2030, with sales outside China accounting for more than a third of the group’s annual total.

2025 results underpin ambitions

The targets follow a record 2025 in which Geely Holding sold 4.116 million vehicles globally, up 26 per cent year-on-year and its fifth consecutive year of growth. NEV sales reached 2.293 million units, a 58 per cent increase, for a penetration rate of 56 per cent. The group ranked seventh globally and was the fastest-growing company among the top ten automotive groups.

Central to the strategy is closer collaboration across Geely’s brand portfolio. The group says it will leverage the domestic market strengths of Geely Auto, Geely Galaxy, Lynk & Co, and Zeekr alongside the established European and American presence of Volvo, Polestar, and Lotus. A partnership with Renault Group also features in the plan.

The group is targeting a 30 per cent reduction in both average R&D cycles and overall cost per model through shared new energy vehicle architectures covering A- to E-class vehicles.

Technology pipeline

Geely outlined a “Seven Dimension” technology ecosystem spanning intelligent driving, cockpit, electrical and vehicle architecture, battery, electric drive, and hybrid powertrains.

Its G-Pilot intelligent driving platform is being developed for full L2 coverage across the range, with L3 pilots advancing and L4 capabilities and robotaxi operations being accelerated. The group says the thermal efficiency of its NordThor AI hybrid engine is expected to exceed 50 per cent.

New products on the horizon include the i-HEV Intelligent Dual Engine hybrid system, which Geely says will be the world’s first hybrid to feature “AI cloud-power” and target fuel consumption as low as 3L/100km. The upcoming Zeekr 8X will combine battery-electric performance with super hybrid capability.

Robotaxi and mobility plans

The group is also building what it calls an integrated “space-air-ground” mobility ecosystem, bringing together Geely Auto, aerial mobility subsidiary Aerofugia, ride-hailing platform Cao Cao Mobility, and satellite company Geespace. By 2030, it plans to deploy 100,000 customised robotaxi vehicles through Cao Cao Mobility with plans for global commercial operations.

Geely says it will push key factories towards carbon neutrality and work with suppliers to develop carbon reduction roadmaps over the next five years. The group is also launching a youth innovation incentive programme with an initial investment of 50 million yuan, growing to 300 million yuan.

The strategy marks a significant moment for the group as it celebrates its 40th anniversary in 2026.