Geely Publishes 2024 Financial Report: Record Revenue and Growth in Electric Vehicle Sales
The Chinese automaker Geely has released its financial report for 2024, showcasing a remarkable year of growth and achievement. Key highlights from the report include:
Revenue and Sales Growth
In 2024, Geely achieved an operating revenue of CNY 1,451.8 billion (approximately USD 208 billion), representing a staggering 305% year-over-year growth.
The company's new energy vehicle sales saw remarkable growth as well, reaching 426,885 units in 2024, a 182.8% increase from the previous year.
Product Sales Breakdown
Geely's various models demonstrated significant sales success:
- Qianmi M9: The Qianmi M9 reported over 150,000 deliveries throughout the year.
- Qianmi M7: Meanwhile, the Qianmi M7 clocked in around 200,000 deliveries.
Research and Development Efforts
On the technical front, Geely committed an impressive R&D investment of CNY 70.5 billion (around USD 10.3 billion) in 2024, a remarkable 58.9% increase from the previous year. This substantial growth indicates the company's continued focus on technological advancements.
The number of Research and Development personnel stood at 6,201 employees in 2024, comprising approximately one-third of its workforce. Furthermore, research and development expenses saw a significant 25.2% rise in year-over-year figures.
These developments exemplify Geely's steadfast dedication to innovation and growth on both its financial performance and manufacturing capabilities, underpinning the company's forward-thinking approach as it moves into future years forward.
