Zhejiang Geely Holding Group is a privately owned auto manufacturer headquartered in Hangzhou, China. In 2019 it had US$14.1 billion in revenue and sales of over 2 million vehicles. 73 percent of Geely’s 2019 sales were in China. The company has sales in all major regions except India and has substantial sales in Europe and North America. Outside of China, 97 percent of the company’s sales come from Volvo.
- Total score
- Assessment Note
Zhejiang Geely Holding Group received a full ACT assessment in 2019. The 2019 scorecard for this corporate group should read "Zhejiang Geely Holding Group" and will be updated shortly.
The company has reported its scope 1 and 2 manufacturing emissions since 2016. When combined with Volvo’s separately reported manufacturing emissions, there is a slow decrease from 0.308 grams CO2e per vehicle produced to 0.259 grams CO2e per vehicle produced, which is insufficient to be aligned with its well below 2-degree pathway. Its score could also improve in the significant ‘sold product performance module’, which looks at the in-use emissions of the company’s vehicles. Geely’s average vehicle in-use emissions in 2019 were 139 grams CO2e per kilometre, slightly lower than the 2014 average of 149 grams CO2e per kilometre.
The company’s low-carbon vehicle sales have steadily increased, but because Geely has seen a great increase in overall sales, its low-carbon vehicle sales share has not increased significantly since 2015. Geely should aim for more consistent and rapid decreases in vehicle in-use emissions, which can be achieved by increasing its low-carbon vehicle sales share and improving internal combustion engine efficiency.
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More about the company
- Ownership structure
- Privately owned
- Revenue (2019)
- US$14.1 billion
- Number of vehicles sold (2019)