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Geely Holding Q1-Q3 Sales Exceed 3 Million, NEV Penetration Reaches 59.7%

Geely Holding Q1-Q3 Sales Exceed 3 Million, NEV Penetration Reaches 59.7%

Geely Holding announced sales of 3,002,640 vehicles in the first three quarters of 2026, a record high; NEV sales reached 1,792,617, up 12.6% year on year, with a penetration rate of 59.7%. Among them, Geely Auto recorded cumulative sales of 2,235,481 vehicles, including 1,326,364 NEVs, up 14% year on year. NEVs accounted for 71.5% of Lynk & Co's sales, while Zeekr delivered 288,404 vehicles, up 101% year on year. Overseas exports totaled 797,670 vehicles, up 169% year on year, of which NEV exports reached 484,086, accounting for 61% of total exports, indicating that its growth momentum is shifting from scale expansion to structural upgrading.

24020 hours ago
Volvo Cars to Become Exclusive Distributor for Lynk & Co in Europe From 2027

Volvo Cars to Become Exclusive Distributor for Lynk & Co in Europe From 2027

Geely Automobile and Volvo Cars have reached an agreement: starting January 2027, Volvo will become Lynk & Co's exclusive distributor in Europe, taking over its commercial and brand operations and retail after-sales network, but no equity changes are involved, and Geely will still lead product R&D and brand strategy. The context is that Lynk & Co's August sales were 17,027 units, down 37% year-on-year, and cumulative sales in the first eight months were 177,624 units, down 15% year-on-year; in the same period, Geely's August exports were 110,094 units, up 205% year-on-year, and it raised its annual export target from 640,000 to 920,000 vehicles. The cooperation is seen as an asset-light overseas expansion attempt by a Chinese brand leveraging a multinational automaker's channels, and whether European channel efficiency can translate into sales remains to be seen.

22833 days ago