Geely Holding has set a growth roadmap, targeting global vehicle sales of more than 6.5 million units by 2030 as it steps up competition with the world’s largest automakers and accelerates its electric vehicle strategy, Reuters news report said.
The Chinese automotive group, which owns brands including Geely Auto, Zeekr and Volvo Cars, aims to rank among the top five automakers globally by the end of the decade. A key pillar of this plan is electrification, with new energy vehicles expected to play a central role across both domestic and international markets.
Geely expects overseas markets to contribute around one-third of its total vehicle sales by 2030, reflecting an aggressive global expansion drive. By that time, the company projects annual revenue to exceed 1 trillion yuan, underscoring the scale of its long-term ambitions.
In the nearer term, Geely said combined annual sales across all its brands are expected to surpass 4 million vehicles in 2025. Achieving this milestone would place the group seventh globally by sales volume. The company has already strengthened its position in its home market, having overtaken Volkswagen in China last year.
Electrification remains central to Geely’s strategy. The automaker plans to develop a new generation of new energy vehicle architectures covering A- to E-class segments. These scalable platforms are designed to support a wide range of electric and hybrid models, reduce research and development cycles, and cut average production costs per model by more than 30 percent. The approach is intended to improve speed to market while maintaining profitability as EV price competition intensifies worldwide.
Geely’s push comes amid a broader wave of Chinese automakers setting bold global targets, particularly in fast-growing regions such as Southeast Asia and Latin America. Companies across the sector are seeking to capitalize on cost advantages, advanced EV technology, and increasing acceptance of Chinese brands overseas.
Partnerships are another critical element of Geely’s EV expansion. The group has deepened collaboration with international automakers, including Renault Group, to co-develop and manufacture vehicles based on Geely platforms for overseas markets. These alliances are expected to help Geely adapt products to local regulations and consumer preferences while scaling production efficiently.
Geely has recently made several strategic investment moves to strengthen its global and electric vehicle ambitions. The company is set to hold a 26.4 percent stake in a joint venture with Renault in Brazil, producing and selling vehicles under both brands, including zero- and low-emission models. Geely also completed the merger of its premium EV brand Zeekr into a Geely subsidiary, taking it private to streamline operations and expand control over its EV business.
Additionally, Li Shufu’s PSD Investment increased its stake in Swedish EV maker Polestar to about 44 percent through a $200 million investment, enhancing Geely’s influence in the company.
Reports indicate that Mercedes-Benz is exploring investment in Geely-backed autonomous driving firm Chongqing Qianli Technology, reflecting growing global interest in Geely-related mobility and technology ventures. Collectively, these investments underscore Geely’s strategy to expand internationally, consolidate its EV portfolio, and strengthen partnerships in emerging markets.
BABURAJAN KIZHAKEDATH