[Geely] News & Updates

China: Fuel Vehicle Share Falls Below One-Third as NEV Penetration Hits 67%

Data from the China Passenger Car Association (CPCA) show that in September 2026, the market share of China's fuel-powered passenger vehicles fell below one-third for the first time, while the penetration rate of new energy vehicles rose to 67% and the share of battery electric vehicles reached 47.3%. Product advances, policy orientation and young consumers' preferences are jointly driving the structural shift. Joint-venture brands and traditional dealership and repair systems are under pressure, with the number of auto repair shops falling from 382,000 to 345,000 in half a year. The industry is shifting from fuel-dominated to new-energy-dominated, but fuel vehicles will still coexist with new energy vehicles over the long term in scenarios such as long-distance travel and low temperatures, and the industrial chain needs to complete business and talent structure adjustments during the transition period.

3168 days ago

Thailand Plans About 30% Excise Tax on Imported EVs, Sets Three-Tier Rates

Thailand's finance minister said Thailand is finalizing an excise tax of about 30% on fully imported electric vehicles, compared with the current rate of about 10%. The new plan sets three excise tax tiers: fully imported vehicles at the highest rate, locally produced vehicles at the lowest, and locally assembled vehicles in the middle. Constrained by free trade agreements, Thailand cannot directly raise tariffs, so it is turning to excise taxes to encourage local investment and supply chain localization. Currently, nine electric vehicle manufacturers produce in Thailand, and some Chinese and European automakers plan to invest in Thailand to enjoy lower tax rates. The final rates are expected to be decided this month.

51540 days ago

US Presses Mexico to Tighten USMCA Origin Rules; AI Hardware Could Spill Over Into Auto Supply Chain

The United States is pressuring Mexico in negotiations to revise the US-Mexico-Canada Agreement, planning new rules of origin for AI hardware such as chips and servers to limit the share of components from outside North America and prevent Chinese companies from using Mexico as a route to evade tariffs. The rules would reference the automotive sector's 75% North American component threshold for tariff exemption and could spill over into automotive intelligence segments such as automotive chips. In the first half of this year, Mexico exported $83 billion of AI data center servers, 94% to the United States, up more than 170% year on year. Mexico has agreed to raise tariffs on China but opposes mandatory US-made components. Negotiations are expected to begin as early as next week in Washington.

36340 days ago

Renault-Geely Expand Brazil Investment as Maserati Weighs Huawei, JAC Tie-Up

In September 2025, Renault and Geely announced an additional EUR 319 million investment in Brazil through a joint venture, with their total investment in Brazil from 2025 to 2027 reaching EUR 899 million, giving Geely access to Renault's existing plants and dealer network. In the same period, reports said Maserati planned to cooperate with Huawei and JAC to develop two electric vehicles, adopting an SKD model with body-in-white from Hefei and assembly in Italy; the brand's global shipments in 2025 were less than 8,000 units, with an adjusted operating loss of EUR 198 million. Both paths point to a combination of technology export and localized production capacity.

34841 days ago

Caocao Mobility Partners with Doubao to Launch AI Ride-Hailing Service, Completing the "Information Search—Booking" Loop in Beijing, Hangzhou and Suzhou

On September 9, the AI ride-hailing service jointly launched by Caocao Mobility and Doubao went live in Beijing, Hangzhou and Suzhou. Users can search for local life information within Doubao to generate travel plans and place orders, with support for smart vehicle matching, accessible premium vehicle identification and smart vehicle control preference settings. Caocao Mobility has previously applied AI in areas such as smart dispatching, operations management and safety risk control, and plans to deepen the partnership, expand to more cities and advance Robotaxi service development.

32747 days ago

BYD Leads August NEV Sales with 433K Units, Leapmotor Surpasses Tesla for First Time

August NEV wholesale sales are estimated at 1.51 million units, up 16% YoY. BYD dominates with 433,384 units, while Leapmotor overtakes Tesla China for the fourth place, highlighting deepening polarization among new forces.

52350 days ago

Malaysia Light Vehicle Market Reaches 80,030 Units in July, Chinese Brands Hit 8.4% Share

Malaysia's light vehicle market registered 80,030 units in July 2026, up 5.8% year-over-year. Amid moderate overall growth, Chinese brands stood out: OMODA & JAECOO combined ranked fifth, with Chinese brands collectively capturing 8.4% market share. Notably, Geely Group holds a 49.9% stake in local brand Proton, representing deep involvement in Malaysia's automotive value chain. These developments signal that Chinese automakers are accelerating their BEV strategy in Malaysia, entering a new competitive phase in Southeast Asia's new energy vehicle market.

55451 days ago

China NEV Sales Rankings: Leapmotor Overtakes Tesla, BYD Dominates

According to data from the China Passenger Car Association (CPCA), August 2026 new energy vehicle (NEV) wholesale sales reached an estimated 1.51 million units, up 16% year-on-year and 4% month-on-month, indicating continued robust market expansion. BYD secured the top position with an overwhelming 433,384 units, creating a gap of nearly 260,000 vehicles against second-place Geely (173,675 units). The most eye-catching development was Leapmotor delivering 103,129 units, surpassing Tesla China (86,166 units) for the second consecutive month above the 100,000-unit threshold. XPeng delivered 39,107 units, Li Auto 37,679 units, NIO 35,836 units, and Xiaomi Auto maintained its position above 30,000 units. Cumulative NEV retail sales from January to August 2026 reached approximately 8.869 million units, with a penetration rate of 52%, confirming NEVs as the market mainstream.

97551 days ago

Chery Leads Gasoline Engine Sales at 1.75M Units, BYD Breaks 1M Chasing Geely

China's multi-cylinder gasoline engine sales reached 10.1174 million units from January to July 2026, down 12.92% year-on-year. Chery topped the ranking with 1.7463 million units and 17.26% market share, followed by Geely Power at 1.2343 million and BYD at 1.034 million. Passenger vehicle gasoline engine sales plunged 24.33% in July alone.

49865 days ago

Global Top 10 Automakers: BYD, Geely, Chery Make Historic Debut

In H1 2026, BYD, Geely, and Chery entered the global top 10 automakers for the first time, with a combined market share of 13.5%, surpassing Volkswagen Group.

72566 days ago

Geely Galaxy A7 Hits 100,000 Sales in First Year, EM Variant Starts Under $14,000

Geely Galaxy A7 cumulative sales surpassed 100,000 units on its first anniversary. The 2026 lineup offers EM PHEV and EV dual variants starting at 97,800 yuan, redefining mid-size family sedan value with 2,150km combined range and 2L-class fuel consumption.

64967 days ago

July NEV Sales Share Breaks 60% for First Time, Penetration Hits New High

CAAM data shows that in July 2026, the share of new energy vehicle sales exceeded 60% for the first time, with H1 overall penetration reaching 49.6%, and the overseas market share of domestic-brand NEV passenger vehicles rising to 24%.

54168 days ago

Geely