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Geely Caps Record 2025 in China as NEVs Drive Industry Divide

NEV penetration is increasingly determining winners in China’s auto market.

Overview

  • Geely Holding reported 4,116,321 vehicles sold in 2025, up 26%, with 2,293,099 NEVs for a 56% share after a 58% NEV surge.
  • Within Geely’s portfolio, Geely Auto Holdings sold 3,024,567 units (+39%) including 1,687,767 NEVs (+90%), while Volvo delivered 710,042 units with 46% NEV mix and Proton reached 162,601 units (+6.5%).
  • Geely set 2026 goals of 3.45 million total sales and 2.22 million NEVs, signaling continued emphasis on electrification.
  • GAC Group’s 2025 sales fell to 1,721,489 vehicles (-14.06%) with December down 33.82%; NEV sales slipped 4.64% for the year, and only GAC Toyota achieved full‑year growth among its major brands.
  • Honda China posted 645,345 deliveries in 2025 (-24.28%) and said GAC Honda will adjust January production due to semiconductor supply and line upgrades, while JAC recorded a 4.72% annual decline but a 42.24% December rebound.