Eric Li (Li Shufu), chairman of Zhejiang Geely Holding Group, delivered a video address at the 2026 China Auto Chongqing Summit held on Saturday, June 13. Credit: Geely
- The move aims to streamline the governance structure and further implement the “‘One Geely” strategy, Geely chairman Eric Li said.
- This is a continuation of a series of asset consolidations by Geely, following Zeekr’s privatization and integration of Lynk & Co.
Zhejiang Geely Holding Group chairman Eric Li (Li Shufu) said the company will continue to close, suspend, merge, and restructure redundant entities to concentrate resources and strengthen its core listed platform, Geely Auto (HKEX: 0175).
Li revealed the strategic plan during a video speech delivered Saturday at the 2026 China Auto Chongqing Summit.
To ensure a successful inter-generational corporate succession, Geely had mapped out a strategic roadmap many years ago, he said.
These initiatives cover multiple key areas, including corporate governance structure, personnel adjustments, internal talent cultivation, and corporate strategic transformation.
“Next, we will further implement the five strategic pillars under the strategic framework of the Taizhou Declaration,” Li said in his speech.
He emphasized that the company will further streamline the complex relationship between Geely Automobile Group Co and Geely Automobile Holdings Limited.
By closing, suspending, merging, and restructuring relevant redundant entities, Geely hopes to build a modern corporate system with a clearer governance structure, defined rights and responsibilities, and highly efficient operations.
This will transform “One Geely” from a strategic consensus into a systemic advantage and a global survival capability advantage, he added.
Geely Auto saw a slight increase in vehicle sales last month, as strong and record-breaking overseas export performance offset the negative impact of continued weakness in the domestic market.
Geely Auto Monthly Sales 2024-2026
Month
2024
2025
2026
January
213,487
266,737
270,167
February
111,398
204,910
206,160
March
150,835
232,177
233,031
April
153,267
234,112
235,164
May
160,658
235,208
237,637
June
166,085
236,036
July
150,782
237,717
August
181,229
250,167
September
201,949
273,125
October
226,686
307,133
November
250,136
310,428
December
210,055
236,817
Geely Auto monthly sales
2024
2025
2026
Amid this challenging market environment, Geely has carried out complex consolidations of its assets over the past few years, aiming to avoid cannibalization among different sub-brands and maximize economies of scale and strategic synergies.
In December last year, the premium EV brand Zeekr completed its merger with Geely Auto and delisted from the New York Stock Exchange.
Zeekr thus became a wholly-owned subsidiary of Geely, marking a crucial step in Geely’s implementation of the Taizhou Declaration.
Prior to this, Zeekr also completed the integration of its sister brand Lynk & Co, acquiring a controlling stake in the latter.
In addition to the corporate restructuring, Li also highlighted the importance of a right value orientation for corporate succession in his speech.
He warned that automotive products concern human lives and safety, and vehicles must never be produced using a “quick-and-dirty” philosophy.
“The birth of any new automotive product must comply with the objective laws of automotive product research and development,” Li said.
He criticized carmaking practices that attempt to reduce testing phases, compress validation times, and take shortcuts.
To achieve sustainable development, Geely has learned the essence of carmaking by investing in, acquiring, and taking stakes in several established global automakers with long histories.
The company has established deep technical partnerships with international brands such as Volvo, Lotus, and Renault.
The Geely EX2, sold as the Xingyuan in China, becomes the second model Geely produces locally in Brazil.
($1 = 6.7753 yuan)
