Geely targets 6.5 million cars by 2030 to break into the global top‑5 manufacturers. Discover the strategy behind this ambitious drive today!
China‑based Geely Holding Group has announced an audacious plan: to sell more than 6.5 million vehicles worldwide by 2030. If the target is met, the company will join the elite club of the world’s top‑five automakers, standing shoulder‑to‑shoulder with the likes of Hyundai, Stellantis and the giants of the EV market.
Ambitious Global Sales Goal
Geely forecasts that roughly one‑third of its total sales in the next decade will come from overseas markets. By the end of the 2020s, the group expects annual revenue to surpass 1 trillion Chinese yuan (about USD 143.6 billion), a milestone that would cement its status as a truly global player.
Path to the Top Five
Currently, Geely’s combined output – encompassing Geely Auto, the premium Zeekr brand and Volvo Cars – is projected to exceed 4 million units per year by 2025. That volume already places the conglomerate at seventh place globally. Hitting the 6.5‑million mark would propel it into the top five, a leap that could reshape the competitive landscape dominated for decades by legacy Western manufacturers.
Regional Expansion Plans
The Chinese automaker is targeting high‑growth regions such as Southeast Asia and Latin America. These markets offer rapid urbanisation, rising disposable incomes and strong governmental support for electric mobility – all key ingredients for Geely’s expansion playbook.
New Energy Vehicle (NEV) Strategy
Central to the growth plan is an aggressive push into new energy vehicles (NEVs). Geely intends to roll out NEV platforms covering segments A through E, dramatically shortening development cycles and cutting average production costs by more than 30 % per model. The strategy aims to deliver a full spectrum of affordable and premium EVs, catering to diverse consumer preferences worldwide.
Strategic Partnerships
Geely is also deepening collaborations with international automakers. A notable partnership with the Renault Group will see co‑development and joint production of models designed specifically for export markets, leveraging Renault’s proven platforms and technology.
Industry Context
Geely’s ambition mirrors a broader trend among Chinese manufacturers seeking a foothold on the global stage. Companies like Leapmotor, barely a decade old, have set their own targets – aiming for the top ten worldwide by 2035 with annual sales of four million cars. This wave of Chinese entrants is intensifying competition and accelerating innovation across the automotive sector.
Whether Geely can deliver on its 2030 vision will depend on how quickly it can scale production, win consumer trust abroad, and stay ahead of the fast‑evolving EV landscape. The next few years will be a decisive test for the group’s global aspirations.