Geely Overseas Sales Reach New Peak, Achieving Month-on-Month and Year-on-Year Double Growth for 7 Consecutive Months

On August 1, Geely Automobile Holdings Limited (0175.HK) announced the latest sales data: July sales reached 250,161 vehicles, showing month-on-month and year-on-year double growth for 5 consecutive months, with a 5% increase year-on-year and a 4% increase month-on-month. Among them, overseas exports reached 106,663 vehicles, a 202% increase year-on-year and a 4% increase month-on-month, achieving month-on-month and year-on-year double growth for 7 consecutive months, and exports exceeding 100,000 vehicles for two consecutive months. In the first half of the year, Geely Automobile's overseas sales cumulatively reached 470,000 vehicles. Behind this impressive performance is the result of Geely Automobile relying on a global product matrix and industrial layout, accelerating the promotion of high-value overseas expansion, gradually improving local channels and production systems, and accelerating the implementation of the globalization strategy.

Double Breakthrough in Sales and Structure, Moving Towards High-Value Overseas Expansion

From a data perspective, Geely's overseas growth is substantial. In July, new energy vehicle exports reached 62,604 units, surging 616% year-on-year, accounting for 59% of total exports, achieving simultaneous upgrades in export scale and product structure.

Meanwhile, multiple brands are blooming in multiple locations in the global market. In June, Geely Star Wish (Geely EX2) ranked first in Thailand EV sales, second in Brazil EV sales, and second in Mexico all-category pure electric sales; Starship 7 EM-i (Geely EX5 EM-i) secured first place in Poland's C-segment PHEV market single model sales and second place in Mexico's June PHEV sub-market sales.

Since its launch, Lynk & Co 08 has achieved nearly 190,000 cumulative global deliveries, ranking in the top three for Mexico's high-end PHEV SUV and Morocco's mid-size PHEV SUV sales in the first half of the year. Zeekr has anchored its global luxury technology brand positioning, with its influence continuously advancing, securing the top spot for Australia and Malaysia's luxury pure electric brand sales in the first half of the year. From the mainstream mass market to the luxury technology track, Geely Automobile's product matrix has taken root globally.

Systematic Collaboration Construction Establishes New Paradigm for Overseas Expansion

The continuous improvement of overseas exports is rooted in Geely's globalization strategy coordination, as well as long-term technical accumulation and systematic innovation capabilities.

Relying on the "One Geely" strategy, Geely has built a brand matrix with clear positioning and distinct personality, forming a development pattern of collaborative combat and potential complementarity among Geely, Lynk & Co, and Zeekr. Among them, the Geely brand is positioned as a global mainstream automobile brand, focusing on safety, quality, and intelligence; the Lynk & Co brand is positioned as a global new energy high-end brand, focusing on fashion, sports, and personality; the Zeekr brand is positioned as a global luxury technology brand, focusing on luxury, extreme, and technology.

Geely has always regarded technological innovation as the core driving force for globalization development, building a globalization technology system of "Five Design Centers, Five Engineering R&D Centers, Five Testing Areas, Five Energy Technology Forms, and Five AI Smart Ecosystems" around global R&D, global synergy, and global innovation, providing solid support for globalization development.

In the past decade, Geely's cumulative R&D investment has exceeded 250 billion yuan. In the fuel vehicle field, Geely has created globally leading BMA and CMA vehicle architectures and independently developed the Thunder God power system; in the new energy field, it has created new energy exclusive architectures such as SEA and GEA, successively launched core technologies such as the Thunder God AI Electric Mix 2.0 system, Divine Shield Gold Brick Battery, and "11-in-1" electric drive, continuously improving product competitiveness.

In addition, Geely continues to promote the construction of local operational capabilities, further opening up overseas market growth space through win-win cooperation with localization enterprises. In July, Geely Automobile reached an agreement with Ford Motor Company, and both parties will establish a joint venture company at Ford's Valencia plant in Spain, creating new energy vehicle products for the Geely and Ford brands for the European market through capacity sharing, accelerating the implementation of Geely's European localization strategy.

Under the top-level coordination of the "One Geely" strategy, with five globalization technology systems as the growth base, multi-brand differentiated matrices as market touchpoints, and local operations as the grip, continuously strengthening service and channel systems, Geely has walked a new path of driving high-quality growth with systematic capabilities.

Looking to the future, we will continue to adhere to open collaboration, persist in continuous product technology innovation, adhere to user supremacy, and insist on compliant operation, creating higher value for global users, and contributing greater strength to promoting the high-quality "going global" of China's automotive industry.