Geely Automobile Holdings Limited (the “Company” and its subsidiaries, collectively the “Group”) (Stock codes: 175 (HKD counter) and 80175 (RMB counter)) is an automobile manufacturer, focusing on development, manufacturing, and sales of passenger vehicles. The Company sells its products in the Chinese market and has also expanded its sales through exports to other countries in recent years. The Company’s shares are listed on the main board of The Stock Exchange of Hong Kong Limited; the controlling shareholder of the Company is Zhejiang Geely Holding Group Company Limited, a private company incorporated in the People’s Republic of China (the “PRC”) which is wholly owned by Mr. Li Shu Fu, the Company’s substantial shareholder and chairman of its board of directors, and his associate. With its headquarter established in Hangzhou, the PRC, and 10 manufacturing plants in Chunxiao, Xiangtan, Baoji, Linhai, Jinzhong, Qiantang, Hangzhou Bay, Guiyang, Changxing, and Xi’an in the PRC, the Group has a total annual production capacity of 2,000,000 units of vehicles per double shift as at 31 December 2023. The Group sells various vehicle models under three brands including Geely, ZEEKR and its joint venture brand, Lynk&Co. By the end of 2023, the Group had 999 dealers in the PRC marketing “Geely” brand vehicles. “Geely” brand’s “Geometry” series had more than 395 dealers in China while “Geely” brand’s “Galaxy” series opened 517 new stores in China to provide exclusive sales channels. ZEEKR adopted a different marketing and distribution system in China, serving its customers via 24 ZEEKR Centres, 240 ZEEKR Spaces, 45 ZEEKR Homes, and 31 delivery centres in China. The Lynk&Co joint venture also adopted a different marketing and distribution system in China, serving its customers via 350 Lynk&Co Centres and 67 Lynk&Co Spaces in China. The Group also exported “Geely” brand products through 533 sales and service outlets in 70 overseas countries, mainly to developing countries in Asia, Eastern Europe, and the Middle East in 2023. ZEEKR opened 2 ZEEKR Centres in Europe, and Lynk&Co  joint venture had opened 11 offline experience stores in 6 European countries.

The Company announced two ‘Blue Geely Initiatives’ in early 2021 that will focus on the development of smart hybrid vehicles and pure electric vehicles. The Group further announced its “Smart Geely 2025” strategy in October 2021, aiming to keep it at the forefront of the global automotive industry. The Group has developed hybrid vehicles and pure electric vehicles by adopting advanced technologies, NordThor hybrid technology, and SEA architecture, respectively.

With a total workforce of 60,000 staff at the end of 2023 dedicated to fostering the Group’s core strength in electrification and intelligentization, powertrain technologies, product quality, customer satisfaction and supply chains, the Group aims to boost its annual sales volume target of 3.65 million units of vehicles by 2025.