HANGZHOU, China, May 22, 2026 – Zhejiang Geely Holding Group (Geely Holding), China's leading privately-owned automotive technology group, today released its 2025 Sustainability Report. Coinciding with the International Day for Biological Diversity, the Group hosted a high-level sustainability forum at its headquarters in Hangzhou, bringing together global stakeholders to discuss the future of sustainable coexistence between industrial development and nature.

Transitioning from ESG Practitioner to ESG Pioneer

As global ESG regulations evolve, sustainability has shifted from an environmental compliance issue to a core driver of long-term corporate competitiveness.

"Facing the dual challenges of intensifying global climate change and ecosystem degradation head-on, we remain focused on moving our strategic goal of 'Full-Chain Carbon Neutrality by 2045' forward as we emerge as a 'Nature-Positive Enterprise'," said Eric Li, Chairman of Geely Holding Group. "We are transitioning from a practitioner of green and low-carbon development to a co-builder of new, clean industry rules."

This year, the Group collaborated with the International Automotive Task Force (IATF) to establish the Corporate Carbon Management System (ACMS), actively participating in the formulation of national and industry-level dual-carbon standards.

Key 2025 Sustainability Milestones

Geely Holding's 2025 Sustainability Report highlights significant progress across its green manufacturing and value chain operations:

• Electric Transformation: In 2025, total aggregate sales across the group portfolio brands reached 4.12 million units with green new energy models reaching 2.29 million, an increase of 58% YoY. New energy penetration rate reach 56%, positioning Geely as a leader among global automotive groups and ranking the Group as the eighth largest in the world.
• Green Manufacturing: The Group now operates 26 national-level green factories, 13 waste-free factories, and five zero-carbon factories. In addition, the Group’s subsidiary Geely Auto achieved 100% renewable electricity usage across its production plants.
• Supply Chain Decarbonization: Geely Auto achieved a carbon emission reduction of 1.476 million tons across its supply chain, a 25.5% reduction compared to 2020 and exceeding its 2025 target of a 25% reduction in per-vehicle lifecycle emissions.
• Circular Economy: Geely Auto achieved a 97.9% recovery and utilization rate for end-of-life materials, with a total average vehicle recyclability rate of 98.3%. Similarly, the Group’s commercial vehicle brand Farizon, achieved a reuse rate of 97.7% for scrapped materials.
• Green Mobility Ecosystem: Green ride-hailing platform, CaoCao Mobility, a strategic investment of the Group, provided users with over 8.46 billion km of rides in 2025, reducing carbon emissions by more than 1.2 million tons.
• Clean Energy Innovation: The Group expanded its green methanol ecosystem, deploying over 1,000 Farizon methanol refueling stations nationwide and successfully adapted methanol-electric technology to other sectors including marine transportation.

Looking ahead to 2030, Geely Holding aims to achieve 100% green electricity coverage across its manufacturing bases and reduce per-vehicle manufacturing carbon emission intensity by over 80% compared to 2022 levels. Crucially, the Group aims to cap total operational emissions at or below 2022 levels without relying on carbon offsets, even as vehicle sales continue to grow.

Fostering Global Collaboration

During the forum, Geely Holding announced the establishment of a Sustainability Advisory Committee bringing together senior experts from government, international organizations, and research institutions to provide forward-looking guidance on Geely Holding's ESG strategy.

In addition, the Group partnered with the China Association of Automobile Manufacturers (CAAM) to launch the Electric Vehicle Sustainability Alliance (EVSA). The alliance published the first Research Report on Core ESG Issues for the Global Expansion of China's EV Industry. As global competition increasingly centers on rules and systemic capabilities, these initiatives provide a quantifiable, actionable framework for the sustainable global expansion of the electric vehicle industry.

"We believe that self-cultivation is the foundation, while open cooperation is the path," Chairman Li emphasized. "Standing at a new historical starting point, we are more determined than ever to contribute Geely's strength to the high-quality and sustainable development of the global automotive industry."

For more information about Geely Holding’s 2025 ESG activity, download the full Report here.

About Zhejiang Geely Holding Group

Zhejiang Geely Holding Group (Geely Holding) is a global automotive, technology and investment group that leads through a “green and low-carbon, intelligent, connected, passenger and commercial vehicle, ground and space integrated ecology”. Geely Holding operations span the automotive value chain, from research, development and design to production, sales and servicing as well as intelligent travel services, green transportation, methanol and hydrogen ecology, digital technology, etc.

Founded in 1986 by Eric Li, the company’s Chairman, in the city of Taizhou in China’s Zhejiang province, Geely Holding launched its automotive business in 1997 and is now headquartered in Hangzhou, China. Today, Geely Holding’s portfolio comprises equity stakes and financial investments in markets around the world including multiple automotive brands namely Geely Auto, Geely Galaxy, Lynk & Co, ZEEKR, Volvo Cars, Polestar, Lotus, Farizon Auto, and other brands.

Geely Holding sold over 4.11 million vehicles in 2025, with Volvo Cars sales reaching 710,042 units globally and Geely Auto Group's Hong Kong listed entity reporting sales reaching 3,024,567 units.

Geely Holding employs over 140,000 people globally, and has been listed in the Fortune Global 500 for the past thirteen years.

For more information regarding Zhejiang Geely Holding Group please refer to the official website at www.zgh.com

Note to editors:

"Geely Holding" refers to the privately owned holding company. "Geely Auto Group" refers to the listed automotive manufacturing group. To avoid confusion for readers, please avoid abbreviating either entity simply as “Geely”.