On September 19, 2024, the Taizhou International Automotive Industry Expo opened grandly. Geely Holding Group showcased its brands: Geely, Lynk & Co, Zeekr, Volvo, and Polestar. It also presented its new energy commercial vehicle brand, Farizon, and its commercial aerospace company, Space-time Daoyu. The expo highlighted Geely’s achievements in new energy and smart transformation, along with its integrated smart technology ecosystem.
Build an integrated technology ecosystem. This year’s government work report prioritizes “vigorously advancing the construction of a modern industrial system and accelerating the development of new quality productivity.” New quality productivity focuses on technological innovation. The automotive sector serves as a carrier for high-tech applications. The industry is transitioning from traditional vehicles to smart electric vehicles. This shift offers vast opportunities for innovation. Geely Holding Group actively promotes the smart new energy transition. Over the past decade, it invested over 200 billion yuan in research and development. The company established more than ten R&D and design centers globally. It employs over 30,000 high-level, international engineering and design personnel. Geely invests heavily in cutting-edge fields such as automotive safety, new energy technology, human-machine interaction, intelligent driving, onboard chips, and low-orbit satellites. It continuously builds an integrated smart technology ecosystem and nurtures new quality productivity.
At the Taizhou Auto Show, Geely’s aerospace subsidiary, SpaceTime, drew significant attention. Geely builds the world’s first low-orbit satellite constellation for future mobility. This private “China Starlink” is operated by SpaceTime. On September 6, the third orbital plane of the constellation launched successfully, sending ten satellites into orbit. The constellation now has 30 satellites, covering 90% of the globe 24 hours a day. It will provide satellite communication services to overseas users. This marks the first time a Chinese commercial aerospace company offers low-orbit satellite communication services globally. Geely’s constellation will support future mobility, including autonomous driving, smart connectivity, and consumer electronics with reliable, low-cost services. Currently, SpaceTime’s satellite communication chips, onboard satellite communication terminals, and high-precision positioning services are in mass production. These technologies enhance the smart mobility experience in multiple Geely brands.
Geely showcases its strong lineup of new energy vehicles. The auto show highlights Geely’s achievements in new energy transformation. Geely presents innovative results from its smart new energy exploration. It features the SEA architecture and GEA global smart new energy architecture. These are next-generation modular architectures. Geely also displays its self-developed technologies, including the ShenDun short blade battery and EM-P super range extension solution. Additionally, it showcases green methanol technology. In the first half of the new energy transformation, Geely Holdings Group focuses on a diversified new energy ecosystem. It accelerates technological innovation and transformation, achieving advancements in both technology and market.
From January to August this year, Geely Holding Group sold 2.01 million vehicles. This marks a 21.6% increase year-on-year. New energy vehicle sales reached 824,000, up 48.5%. The penetration rate for new energy vehicles reached 41%. Geely has built a comprehensive new energy matrix. It created brands and product ecosystems like Geely Galaxy, Lynk & Co, Zeekr, Volvo, and Polestar. This offers users diverse choices and exceptional experiences.
At the Zeekr booth, the luxurious five-seat electric SUV Zeekr 7X meets family demands for comfort, safety, and intelligence. It will officially launch on September 20. After its release on August 30, the Zeekr 7X received over 20,000 orders in the first week.
Pursue green methanol exploration. Implement diverse technology paths for new energy.
Geely explores green methanol to solve energy security and dual carbon issues. It promotes the development of green methanol energy and methanol vehicles.
At the Taizhou Auto Show, Geely showcased its important achievement in green methanol innovation—Geely Carbon Warehouse technology. This technology captures vehicle emissions of carbon dioxide in real-time. After recovery, it recycles the CO2. It uses methanol vehicle technology and green methanol preparation technology to synthesize green methanol. This process enables resource recycling of carbon dioxide and near-zero emissions from vehicles.
Geely will serve as the official partner for the Harbin 2025 Asian Winter Games. It will provide comprehensive support for transportation. Geely will showcase its leading methanol technology. This initiative will help promote a “Green Asian Winter.”
At the Taizhou International Automobile Industry Expo, Geely Holding Group announced the “Taizhou Declaration.” This marks their entry into a new stage of strategic transformation.
Geely Holding Group stated that the declaration reflects its consensus on development. This comes after a strategic review of the new global economic landscape and industry competition. The group will implement five measures: strategic focus, strategic integration, strategic synergy, strategic stability, and strategic talent. It aims to concentrate on the automotive core business, develop a technological ecosystem, enhance competitiveness, and seek progress amid stability.
Drive industry chain upgrades. Accelerate the realization of the “Taizhou Auto Kingdom Dream.”
Geely originated in Taizhou. It expanded from Taizhou to the nation and the world. The Taizhou International Auto Show serves as a platform for Geely to showcase its latest achievements and share development experiences. It also reflects Geely’s active participation in local and regional economic development. In Taizhou, Geely has built a high-end industrial cluster. It has established a leading global manufacturing base and various component enterprises. This has effectively driven the gathering of upstream and downstream industries and promoted regional economic growth.
Li Shufu, chairman of Geely Holding Group, stated that past city leaders in Taizhou invested significant effort in developing the automotive industry. With support from the local government, Geely gained confidence and motivation to expand from Taizhou to the nation and the world. Over years of development, Taizhou’s automotive manufacturing has built a relatively complete industrial system. The “Taizhou Automotive Kingdom Dream” is accelerating toward realization. Geely witnesses the vitality and vigor of Taizhou. The company aims to deepen cooperation with the Taizhou municipal government in key component production, workforce development, and management talent training to fuel the realization of this dream. Currently, the global economy and industry competition have changed significantly. As a multinational corporation, Geely must adapt to these changes. The various strategies announced in the “Taizhou Declaration” aim to ensure strategic focus and promote steady progress. Geely Holding Group will once again concentrate on manufacturing and the automotive core business.