Geely Automobile achieves record-high overseas sales, growth in H1 2024

Beijing (Gasgoo)- On July 25, Geely Automobile Holdings Limited ("Geely Automobile") announced that its overseas sales reached 197,428 vehicles in the first half of 2024, marking a year-on-year surge of over 67%, setting new records for both sales volume and growth rate.

The Geely brand successfully launched 12 high-value models across 30 countries, including Saudi Arabia, UAE, Kazakhstan, and Panama, achieving growth in both exports and terminal sales.

In terms of distribution and service, Geely added over 120 new sales and service outlets globally in the first half of 2024. The company now boasts more than 650 outlets in 76 countries across Europe, Africa, Latin America, the Middle East, and the Asia-Pacific region.

Additionally, Geely has established subsidiaries in Eastern Europe, the Middle East, and Latin America, and continues to expand its presence in emerging markets such as Australia, New Zealand, Indonesia, and Vietnam.

With a revised overseas sales target of 380,000 units for 2024 (raised from 330,000 units), Geely International aims to drive high-quality growth through market expansion, product innovation, brand integration, and global business operations.

For instance, the Lynk & Co brand entered Azerbaijan and the Philippines in the first half of 2024, releasing new models such as the Lynk & Co 06 to its overseas lineup. New dealerships were opened in Vietnam, Azerbaijan, the Philippines, and Saudi Arabia, with a European experience center inaugurated in Madrid, Spain.

ZEEKR made its presence in nearly 30 major overseas markets, including Sweden, the Netherlands, UAE, and Mexico, as well as right-hand drive markets like Thailand and Malaysia. The ZEEKR 001 and ZEEKR X models have started deliveries overseas, with the right-hand drive ZEEKR X set for delivery in the third quarter of this year. ZEEKR has established 27 stores overseas, including flagship centers in Stockholm and Amsterdam, along with pop-up stores in UAE and Saudi Arabia.

Given the robust performance in both domestic and international markets, Geely Automobile has raised its 2024 sales target by 5% to 2 million units. In the first half of the year, Geely sold 955,730 vehicles, reflecting a 41% year-on-year jump.