Geely Holding Group has outlined an ambitious growth trajectory for the coming decade, stating that it intends to exceed 6.5 million global vehicle sales by 2030 as it pushes to secure a position among the world’s top five automotive manufacturers. The move reflects the increasingly fierce contest between China’s rising carmakers and their long-established international competitors.
The company expects around one-third of its future sales to come from overseas markets by the end of the decade. It also anticipates that its annual revenue will rise above R2.347 trillion (USD 143.62 billion), signalling strong commercial momentum and an expanding global presence.
Achieving these targets would place Geely, the owner of Volvo Cars, in the same league as major international players such as Hyundai Motor Group and Stellantis. Geely has also forecast that combined sales across its brands — including Geely Auto, Zeekr, and Volvo — will exceed 4 million vehicles per year by 2025, a scale that could position it within the top ten carmakers worldwide.
Geely’s growing influence has already shifted the dynamics of its home market. Having overtaken Volkswagen in Chinese sales last year, the company exemplifies a wider surge of domestic manufacturers setting their sights on international markets, especially in rapidly expanding regions such as Southeast Asia and Latin America.
The competitive environment is being intensified not only by traditional manufacturers but also by newer entrants. Among them is Leapmotor, a decade-old firm which has declared its intention to become one of the world’s top ten automakers within the next ten years, aiming for annual sales of 4 million vehicles.
As part of its strategy, Geely plans to advance new energy vehicle platforms spanning A- to E-class models. This initiative is designed to shorten development timelines and reduce production costs by more than 30% per model, allowing the company to strengthen efficiency and remain competitive in global markets.
Geely is also expanding its international partnerships, most notably by deepening its collaboration with Renault Group. Together, the companies will co-develop and manufacture vehicles using Geely’s modular platforms for export markets, reinforcing the Chinese automaker’s drive towards broader global integration.
Staff Writer
Reporting from the front lines of the automotive industry, delivering expert analysis and the technical updates that drive the South African motor sector forward.
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