Geely Holding achieves highest-ever monthly auto sales in Oct. 2024

Shanghai (Gasgoo)- Zhejiang Geely Holding Group ("Geely Holding") announced via its WeChat account that its monthly automobile sales volume hit an all-time high of 332,258 units in October 2024, jumping 21.1% year on year (YoY).

Of the vehicles the group sold last month, 165,625 units were contributed by new energy vehicles (NEVs), representing a YoY surge of 54.1% and accounting for 49.8% of Geely Holding's overall auto sales in the month.

For the first ten months of 2024, Geely Holding recorded a cumulative sales volume of 2,651,922 vehicles. In this period, the group saw its total NEV sales reached 1,141,947 units.

Geely Holding encompasses key automotive entities such as Geely Auto Group, Volvo Cars, PROTON, Lynk & Co, Lotus Cars, Polestar, LEVC (London EV Company), smart, RADAR, and Farizon Auto.

Geely Auto Group, comprising Geely (including Galaxy range), Lynk & Co, and ZEEKR brands, reported a sales volume of 226,686 units for the month of October, witnessing a YoY jump of 28%. In the month, its NEV sales amounted to 108,722 units, surging 83% from a year earlier. Meanwhile, its monthly export volume rose 18% from a year earlier to 32,544 vehicles.

As for year-to-date performance, Geely Auto Group sold 1,716,376 vehicles, logging a year-on-year leap of 31%.

Volvo Cars reported a steady YoY increase of 3% in its global sales for October 2024, with 61,686 vehicles sold. A significant portion of this growth came from the NEV sales, which amounted to 29,895 units, marking an impressive 40% spike compared to the same period last year.

For the first ten months of this year, Volvo Cars' global sales totaled 622,608 units, which rose 9% over a year earlier.

Moreover, PROTON logged a sales volume of 12,799 vehicles last month, resulting in a year-to-date volume of 125,557 units.