30 April 2025
Hangzhou, April 28, 2025 - Geely Automobile Holdings Limited has published its 5th annual Environmental, Social, and Governance (ESG) Report, outlining the company’s progress and achievements toward sustainability and establishing itself as a global automotive leader.
Geely continues its global efforts in sustainability, safety, innovation, and governance & ethics
Significant advancements in reducing Geely’s environmental impact
Geely certified China’s first ‘Waste-Free’ automotive enterprise
The report outlines Geely’s progress in implementing its ESG strategy across six key pillars; climate neutrality, nature positivity, all-around safety, digitalisation & innovation, co-prosperity, and governance & ethics.
Geely made notable progress towards minimising its ecological footprint in 2024, reducing per-vehicle lifecycle carbon emissions by 18% compared to the initial 2020 baseline. New energy vehicle (NEV) sales increased by 92% year-on-year compared to 2023, totaling 888,000 units globally and 41% of Geely’s total sales.
Renewable energy accounts for over 64% of total energy consumption at Geely’s vehicle manufacturing bases; Geely operates 12 green and 11 zero-waste factories, and as a result has been jointly certified by the Ministry of Industry and Information Technology (MIIT) and Ministry of Ecology and Environment (MEE) as China’s first ‘Waste Free Enterprise’ within the automotive sector.
Innovation continues to drive Geely’s strategic vision. The company unveiled several new technologies in 2024, including its Leishen EM-i/NordThor 2.0 hybrid system, the new-generation Aegis Short Blade Battery, and the GEA platform architecture underpinning the Geely EX5.
Geely also expanded its research into clean energy sources, including continued investment into methanol fuel and hydrogen power. Its fifth-generation super methanol PHEV technology was recently showcased at Auto Shanghai 2025 within its ‘Super Sedan’ prototype.
These new mobility innovations are furthered by Geely’s efforts to provide eco-friendly vehicles for global events; including its provision of 350 methanol-hydrogen hybrid Geely Emgrand vehicles for the 9th Asian Winter Games in Harbin.
Product quality and safety are core pillars of Geely’s brand identity. In 2024, eight models received the maximum C-NCAP five-star safety rating, while three models earned Euro NCAP and one model achieved ANCAP five-star safety ratings.
In 2024, Geely adhered to a decarbonization path, focusing on implementing measures in areas such as pollution reduction and waste management, resource utilization and conservation, circular economy practices, and biodiversity protection.
Geely promoted green procurement practices, with over 50% of core suppliers using green electricity, and nearly half achieving 100% green energy utilization. Geely also established closed-loop recycling systems for steel and aluminium, recycling over 15,000 tons of circular steel and about 5,000 tons of circular aluminium, reducing carbon emissions by approximately 115,000 tons.
In 2024, 1,770 units from recycled vehicles were maintained, with the remaining 67,419 components recycled and remanufactured.
In 2024, the Company invested 1.85 million hours in employee training programs focused on electrification and digitalization, ensuring 100% coverage across critical roles in digital literacy.
Additionally, Geely has strengthened its commitment to environmental protection, emergency disaster relief, and community development, further demonstrating its dedication to creating a positive and lasting impact on society.
By integrating ESG principles into its innovation and development processes, Geely is paving the way for a low-carbon, safe, and connected future. Geely will continue to explore diversified energy solutions, leverage AI technology for enhanced safety, and build a sustainable and circular economy ecosystem.
About Geely Auto Group
Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China and was founded in 1997 as a subsidiary unit of Zhejiang Geely Holding Group (ZGH). The Group manages several leading brands, including Geely Auto, Lynk & Co, and Zeekr. Geely Auto Group is also the global strategic partner of Malaysian national automaker PROTON.
The Group employs more than 50,000 people and operates 12 plants and five global R&D centres in Hangzhou, Ningbo, Gothenburg, Coventry and Frankfurt. The Group also boasts four global design studios in Shanghai, Gothenburg, Milan, and Coventry, respectively with over 1000 members of staff in total. Geely Automobile Holdings, a subsidiary company holding controlling stakes in Geely Auto, Lynk & Co, and Zeekr, has been listed on the Hong Kong Stock Exchange since 2005. In 2023, the brands under Geely Auto Group management sold over 1.68 million units, with new energy vehicle sales increasing 48.3% and exports growing 38%.
The controlling shareholder in Geely Auto is Zhejiang Geely Holding Group (ZGH), which is also the parent company of Volvo Car Group, Geely Commercial Vehicles Group, Geely New Technology Group and Mitime Group. Zhejiang Geely Holding Group is committed to vigorously pushing the development of world-renowned automotive and mobility technology brands, providing high-quality products in multiple market segments to meet different levels of customer demands.
Download the full report here.
