Geely Holding's new energy vehicle sales soar 60.6% YoY in Nov. 2024

Shanghai (Gasgoo)- Zhejiang Geely Holding Group ("Geely Holding") announced via its WeChat account that its monthly automobile sales volume hit a new high of 355,021 units in November 2024, jumping 20.7% year on year (YoY).

Of the vehicles the group sold last month, 176,089 units were contributed by new energy vehicles (NEVs), representing a YoY surge of 60.6% and accounting for 49.6% of Geely Holding's overall auto sales in the month.

For the first eleven months of 2024, Geely Holding recorded a cumulative sales volume of 3,006,943 vehicles. In this period, the group saw its total NEV sales reached 1,318,044 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 250,136 units for the month of November, witnessing a YoY jump of 27%. In the month, its NEV sales amounted to 122,453 units, surging 94% from a year earlier. Meanwhile, its monthly export volume rose 13% from a year earlier to 32,814 vehicles.

As for year-to-date performance, Geely Auto Group sold 1,966,512 vehicles, logging a year-on-year leap of 31%.

Volvo Cars reported a steady YoY increase of 5% in its global sales for November 2024, with 66,977 vehicles sold. A significant portion of this growth came from the NEV sales, which amounted to 32,108 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 689,585 units, which rose 9% over a year earlier.

Moreover, PROTON logged a sales volume of 12,194 vehicles last month, resulting in a year-to-date volume of 137,751 units.