Geely Automobile Holdings Limited (the “Company” and its subsidiaries, collectively the “Group”) (SEHK stock code: 175) is an automobile manufacturer, focusing on development, manufacturing and sales of passenger vehicles. The Company sells most of its products in the China market and has also expanded its sales through export to other countries in the past few years. The Company’s shares are listed on the main board of The Stock Exchange of Hong Kong Limited (“SEHK”); 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 11 manufacturing plants in Luqiao, Chunxiao, Xiangtan, Baoji, Cixi, Linhai, Jinzhong, Daijiangdong, Hangzhou Bay, Guiyang and Changxing in the PRC, the Group has a total annual production capacity of 1,950,000 units of vehicle per double shift as at 31 December 2021. The Group sells its 19 major vehicle models (including the “Lynk&Co” vehicle models sold by the Group’s 50%-owned joint venture, namely “Lynk&Co JV”) developed under 4 modular architectures. By the end of 2021, the Group had more than 996 dealers in the PRC, marketing “Geely” brand vehicles. The “Geometry” brand had more than 237 dealers in China. Zeekr adopted a different marketing and distribution system in China. It served its customers via 2 Zeekr Centres, 49 Zeekr Spaces and 16 delivery centres in China. The Lynk&Co JV also adopted a different marketing and distribution system in China. It served its customers via 324 Lynk&Co Centres and 6 Lynk&Co Spaces in China. The Group also exported its products through 29 sales agents and 237 sales and service outlets in 29 oversea countries, mainly to developing countries in Asia, Eastern Europe and the Middle East in 2021.
The Company announced two ‘Blue Geely Initiatives’ in early 2021 that will focus on the development of smart hybrid vehicles and pure electric vehicles, and the Group further announced its “Smart Geely 2025” strategy that will continue to keep it at the forefront of the global automotive industry in October 2021. The Group has developed an advanced electronic and electrical architecture, namely GEEA2.0, which acts as a central nervous system for vehicles. In the future, GEEA2.0 will evolve to GEEA3.0 opening the door to an era where smart cars are not limited to domain control but also having access to a centralized cloud computing capabilities.
With a total workforce of 44,000 staff at the end of 2021 dedicated to fostering the Group’s core strength in powertrain technologies, product quality, customer satisfaction and supply chains, the Group aims to boost the Group’s annual sales volume target of 3.65 million units of vehicle by 2025. The total market capitalization was about US$19 billion as at 25 May 2022.