Zhejiang Geely Holding Group (ZGH) climbed 76 places in the 2018 Fortune 500 rankings to 267th place, following the group’s increase in revenues to US$41.1 billion (RM167 billion), and marks the seventh consecutive year that the group has placed in the in the Fortune Global 500 rankings, according to Geely.
Record sales at the group’s core subsidiaries, Geely Auto and Volvo Cars propelled the group to strong results for the year, with Geely Auto charting a 67% year-on-year increase for sales of more than 1.24 million vehicles, while Volvo grew 7% to 571,577 vehicles sold in that time.
The first six months of 2018 saw Geely attain sales of 766,630 vehicles representing a 45% year-on-year increase, while Volvo Cars saw sales of 317,639 vehicles, representing a 14.4% year-on-year increase. The group attributed Volvo’s growth in that period to the marque’s XC40, XC60 and XC90 models.
The first half of the year also saw Geely unveil the Borui GE, a plug-in hybrid sedan which is similar to Volvo’s T5 Twin Engine hybrid powertrain.
Volvo’s sales in its largest single market, China grew by 18.4% to 61,480 vehicles, while the recently established brand Lynk & Co charted sales of 46,252 units for the first half of the year. The past year also saw Geely complete several acquisitions, including that of American flying car company Terrafugia, a 51% controlling stake in British sports car firm Lotus and a 49.9% stake in Malaysian car company Proton.
Venturing into ride-sharing, Geely’s growth also saw the expansion of CAOCAO, the group’s new energy ride-sharing platform to 25 cities with more than 26,000 new energy vehicles in operation; CAOCAO received its service license in early 2017. Further technology ventures included a new joint venture with Tencent and China Railway for high-speed rail WiFi, as Geely diversifies from pure manufacturing into intelligent mobility.
On the local front, Proton’s forthcoming SUV is based upon the Geely Boyue, and will arrive on our shores in October, first in CBU form, followed by CKD assembly in 2019. Equipment-wise, the as-yet-unnamed SUV will gain a host of features in its kit list including autonomous emergency braking, adaptive cruise control and a voice command system.
Looking to sell your car? Sell it with Carro.
Geely, P1, LnC, Lotus, VolvoCar, Polestar, VolvoTrucks, Mesidis > all
Geely started only in 1997. And yet they can make RM167 billion revenue
Proton started in 1985, 12 years older than Geely, and yet, Proton makes ZERO. Hutang only got
How come? Both companies also got access to International markets.
Proton had access to China markets too. It was open to Proton to tap. Infact, Proton is better than Geely because it had all the worlds markets open for it to market its cars.
So, how come a company younger than Proton by 12 years can make more money?
It’s all about PERCEPTION bro. Cheers…
If follow your logic, toyota also has to sell more cars than now
Toyota is doing it
Still not enough, should be more
Whatever happened in Geely, has no business with Proton. Your elder brother getting a son is not because you work hard at night. Stop day dreaming
History of China Automobile did not allow other brands to sell in China. Proton can be strong if such policy implemented in the first place. Besides, we can hv more than Proton and Perodua.
You sound like haven’t been to China. There are so many imported vehicle brands in China. They have more brands & models there than Malaysia.
I cannot stop laughing. This company already making USD$30 billion a year every year since 5 years ago. And now RM167 billion
And yet, initially Proton lansi and told Geely no way for merger.
Can you imagine Proton telling Geely no way???
Nope. Becoz they never did. Deswai they picked Geely over Renault.
Show us which article Proton said no way?
Just took one man from Geely to turn around Proton in 6 months what local CEOs could not do in 20 years. Bravo Li Chunrong.
Imagine what will happen if you get more people like Li Chunrong to work and run Proton. Proton will shoot to the stars in sales
Sales still the same for proton. This is one of the worst years for proton over the last 20 Years or so.
Geely will overtake Toyota and VW in 5 years time to become world biggest car company. The dragon could not be stopped.
Once Geely SUV is out, volvo suv can tutup kedai di sini
Sendiri cakap sendiri syok > all
Volvo, Polestar, Lynk & co, London Taxi, Volvo Trucks, Mercedes, Lotus, Geely, Proton > all
We must be thankful Geely and China has saved Proton. Thank you Geely for saving Proton and injecting new life into the company.
What will Malaysia or Proton do without China’s help?
no doubt the swedes are saying the same, so what the fuss?
Volvo sales is so bad , macam mana nak jual outside China? Shall drop 40% of its price to compete with VW.
Sales so bad kepala bapak kau.
“Volvo Cars, the premium car maker, reported a global year-on-year sales increase of 14.1 per cent for the first quarter of 2018 as sales in all main markets increased compared with the same period last year.
Total sales in the quarter, which saw the XC40 and XC60 SUVs be crowned European Car of the Year and World Car of the Year respectively, reached 147,407 cars, up from 129,148 cars a year earlier as Volvo’s SUV line-up and the 90 range as a whole proved popular with customers. ”
Source : Volvo Cars press release.
S90 why i cannot see here at klang valley?
S90 quite a few in Bangsar & Hartamas area. XC90 even lot more around.
Lol john dupetroll. Chill tokmoh bruh. Lols.
Tokmohs ID has gravatar mine dun. Whatcha babbling about?
Nancy,
Volvo is a premium car maker while VW is a general/non premium car maker which you are talking and comparing totally different segment.
Same goes to say Mercedes and BMW sales are so BAD and low comparing to VW too.
In order to compete , Mercedes and BMW must drop price to by 50% too.
You utter rubbishly irrelevant comment that meant to also say Audi is an irrelevant brand in Malaysia too. Audi sales in Malaysia is horribly So Bad now soon to be extinct .
P1 now can tumpang glamour from Geely’s hard work. Ironic, Geely do all the work, research and development, ideas, designs, quality etc etc and then, Proton tumpang glamour.
Geely 1240000 (1.24 million) vs Proton 50,000 vehicles sold
Beza banyak!!!! Sales like 30X Proton.
Geely = P1
P1 = Geely
Geely, P1, LnC, Lotus, VolvoCar, Polestar, VolvoTrucks, Mesidis > all
Proton contribution to Geely revenue showing positif results..
Proud to see Proton and Lotus under the chart of Geely Autogroup. People that say they buy Proton just for the sake of Lotus seem not true.. They see something in Proton that most Malaysian didn’t see.
The reason Geely bought Lotus bcoz they see value in it. With $$$ & ability to market Lotus, Geely will capitalize on its brand & well known Lotus handling capabilities.
Part of it maybe partially true but the other half you would not know exactly what is in the billionaire mind of Mr Li unless you are also a billionaire like Mr Li.
Wah,DRB ..the leech,tumpang Geely…a rich sugar daddy.After all Rm170 juta is loose change for Geely to invest in protong.
Protong staff ,those deadwood must breathe a sigh of relief to know they have such a wealthy sugar daddy.
Smart DRB who caused taxpayers few billion in bailout funds.
It Geely. Not Proton john.. Toyota > all
Toyota waterfall sales and incapable to develop their halo cars now, need to rebadge GT86 from BRZ, and rebadge Supra from Z4, even their pisspoor model Yaris need to rebadge from Mazda2 to enter USA. For such a big and old company to do rebadging as compared to P1?
All > Toyota.
John, what are you smoking?
Mazda rebadge Toyota, Subaru rebadge Toyota. Not the other way round.
You are not even well versed in cars, go back to your politics page
I can only take pity that u dunno who rebadged who. PT has plenty of articles, pls read lor.
https://paultan.org/2018/03/27/2019-toyota-yaris-sedan-mazda2-clone-gets-new-face/
https://paultan.org/2018/02/13/supra-will-be-toyota-in-name-and-body-only-report/
So pity P1 bashers a.k.a. toyota fans only know to twist here twist there.
If pipu know how junky the toyota is, noone wants to buy it
Hello john, if Toyota can be the Most Valuable brands in the automotive world by “re-badge”, maybe our national car should take a leaf from Toyota, Right !!
The what they doing with Boyue? Perhaps u din read the news for a couple of years, Right!!
When mahathir first approached Japanese car makers to collaborate with Proton, Toyota was one of them. But Toyota had declined. Why? Remember what happened to Mitsubishi? They had to agree to Proton’s term to stop selling cars that compete directly with the Saga.
Toyota did not want that to happen to corolla.
Lynk & Co even out sold Proton this H1. This brand new brand with only 2 models for sale.
Kinda pathetic, ain’t it?
And?
167 billion revenue is more than enough to cover for proton losses, year on year.
According to bashers jepunis cars have made it in Europe. That is the biggest joke of the year. It is no more than pile of junks
Patiently waiting for Lynk & Co to be launched here…
Seriously, how big is Geely, does any matter to Malaysia or Proton? VW is much larger than Geely, but their cars are not selling here.
Bolehland n it’s p1 plant will become Geely right hand drive hub
At least Proton now get the chances to play with the big boys.