Gasgoo Munich- Geely Holding Group reported first-quarter 2026 sales of 937,927 vehicles across its portfolio, marking a record for the period. New energy vehicles (NEVs) accounted for 491,006 units, up 5.8% year-on-year, with the penetration rate climbing to 52.4%—meaning more than one in every two vehicles sold by the group was electrified.
Geely Xingyue L; image source: Geely Automobile
At the subsidiary and brand level, Geely Automobile sold 709,358 vehicles in the quarter, also a record for the period. Its NEV sales reached 369,059 units, up 9% year-on-year, with penetration hitting 52%. Exports surged 126% year-on-year to 203,024 units, setting a new quarterly record as well.
Zeekr 9X; image source: Zeekr
To be more specific, the China Star lineup contributed 311,800 units, anchoring the company's internal combustion engine vehicle business, while the Galaxy series recorded 238,800 units and surpassed a cumulative milestone of 2 million vehicles within 37 months. Premium EV brand Zeekr delivered 77,000 vehicles, soaring 86% from a year earlier, with its 9X model maintaining a leading position in the 500,000-yuan MPV segment. Lynk & Co posted sales of 81,600 units, up 12% over a year earlier.
In addition, Volvo Cars sold 153,000 vehicles globally in Q1, with NEV models accounting for 47.3% of sales, while PROTON recorded 49,000 units—its strongest first-quarter result since 2004.
Separately, Geely Auto Group on April 13 unveiled its next-generation AI-powered hybrid system, branded i-HEV. Built on what the company describes as a "full-domain AI 2.0" architecture, the system delivers a tested combined fuel consumption of 2.22 liters per 100 kilometers and an industry-leading thermal efficiency of 48.41% for a mass-produced engine. It has also secured a top-tier Level 1 energy efficiency certification for hybrid vehicles. The technology is already production-ready and will be rolled out this year across key models, including Preface, Xingyue L, the fourth-generation Boyue L, and the fifth-generation Emgrand. Pre-sales for the i-HEV versions of Xingyue L and Preface are scheduled to begin on April 19.
