Geely Holding Group CEO An Conghui: Hoping to become the Volkswagen Group of the new energy vehicle era

Geely Holding Group CEO An Conghui: Hoping to become the Volkswagen Group of the new energy vehicle era

Mar 25, 2024

IT Home reported on March 17th that the China Electric Vehicle Hundred People's Congress is currently underway. An Conghui, the CEO of Geely Holding Group and Extreme Smart Technology, stated at the event that the development goal of Geely Holding Group is to become a popular group in the new energy vehicle era through its efforts. This is the mission and goal of Geely Holding Group.

An Conghui believes that in order to achieve the goal, Geely Holding must possess the coordinated innovative abilities in vertical, horizontal, and global aspects to realize industry synergy, ecological synergy, and global synergy.

First is the vertical industry synergy, which refers to the vertical integration capability of the entire industry chain. Once this capability is in place, the innovative results of integration can be quickly disseminated from local coordination to the overall level, achieving "new applications across brands."

The second is horizontal ecological synergy. The current new energy vehicle industry model has a vertical integration space, and the commercial model of new energy vehicles has the ecological characteristics of the whole chain, the whole scene, and the whole life cycle. Only by continuously strengthening horizontal ecological synergy can we create a more ultimate user experience.

The third aspect is global collaboration. As a standardized global enterprise, Geely Holding Group has nearly one-third of its employees in Europe, and overseas sales account for close to 40%.

Geely Holding Group CEO An Conghui: Hoping to become the Volkswagen Group of the new energy vehicle era

An Conghui said that in the past year, 2023, Geely Holding Group's total sales reached 2.79 million units, of which new energy vehicle sales accounted for approximately 980,000 units, an increase of 51% compared to the previous year. The penetration rate of new energy vehicles reached 35%, ranking among the top in the world's large automotive groups. In the first two months of this year, the total sales exceeded 470,000 units, an increase of 30% compared to the same period last year, with new energy vehicle sales exceeding 160,000 units, an increase of 57%. Through differentiated technology routes and brand matrices within the holding group, Geely's new energy vehicle models cover every market segment from tens of thousands to over one million.

According to IT Home, Geely Holding Group includes three major companies: Geely Auto Group, Volvo Car, and Polestar. Geely Auto Group further encompasses three major brands: Geely, Lynk & Co, and Lotus.