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Zhejiang Geely Holding Group, which also includes Volvo Cars, has become the 10th best selling automaker in the world. That’s noteworthy in part because more than a third of its sales are now plugin vehicle sales, and the company could be a 100% plugin vehicle company by 2030 or so. It’s also noteworthy because BYD is right on its tail, is far and away the leader of the China plugin vehicle market and global plugin vehicle market, and is already a 100% plugin vehicle company..
In the first quarter of 2023, Zhejiang Geely Holding Group was 12th globally in auto sales. The two automakers it passed in 2024 to rise to 10th place were Mercedes-Benz Group and BMW Group. Geely’s group sales were up 27% year over year. Zeekr’s sales more than doubled, while Volvo Cars saw a 12% increase in sales.
While the bulk of the company’s sales occur in China, Geely is actually growing the most outside of China. Its sales outside of its home country increased 43% in January–March.
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