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Geely’s 2024 Financial Results Wrap-Up

Published: 5/10/2025
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Geely Auto ended 2024 on a high note, reporting record performance across all core business areas — from sales and exports to innovation and sustainability. As Geely strengthens its global footprint, its presence in Iraq through Geely Bajger reflects that momentum, with increasing brand recognition and customer trust in the local market.

Financial & Sales Milestones In a standout year, Geely achieved:

  • 2,176,567 vehicles sold — a 34% YoY growth, surpassing its 2 million unit target
  • 888,235 new energy and electrified vehicles sold — up 92% YoY, making up 41% of total sales
  • 414,522 vehicles exported globally — up 57% YoY
  • Revenue of 240 billion RMB — the highest in company history
  • Profit reached 16.8 billion RMB, increasing 240% YoY

These results highlight Geely's growing competitiveness and ability to scale operations while expanding globally.

Global Expansion Strategy:

In 2024, Geely launched 16 major models in markets such as Saudi Arabia, the UAE, Kazakhstan, and Panama, and expanded to 891 showrooms and service centers across 81 countries. By the end of 2025, it plans to operate over 1,100 outlets worldwide, supported by a growing footprint in the Middle East — including Iraq.

ESG and Sustainability Leadership. Geely also advanced its position as a sustainability leader:

  • Ranked among the Top 100 Chinese ESG Listed Companies
  • Achieved AA rating by MSCI ESG
  • Recognized as a "Waste-Free Enterprise"
  • Reduced lifecycle CO₂ emissions per vehicle by 18% compared to 2020
  • Targeting 25% reduction by 2025 and carbon neutrality by 2045

This environmental progress is paired with operational excellence, showing Geely’s commitment to long-term value creation.

Technology & AI Integration:

2024 also marked the completion of the Smart Geely 2025 strategy, with full-scale integration of AI into Geely’s vehicle platforms. The company introduced an AI-powered system spanning autonomous driving, intelligent cockpits, powertrain optimization, and predictive maintenance. With 10 new energy models planned for 2025, Geely is positioning itself as a technology leader in the era of smart mobility.


Geely in Iraq: A Brand on the Rise

Geely’s growing global presence is mirrored locally in Iraq, with strong momentum led by Geely Bajger in the Kurdistan Region. The showroom was recently recognized as an Outstanding Showroom by Geely — a sign of the brand's rising quality and reputation in the local market.

At iQ Cars, we’re proud to showcase Geely’s progress and innovation.

Geely’s Promise: Geely offers a 5-year comprehensive warranty to all customers for a worry-free ownership experience. In Iraq’s Kurdistan region, Bajger Company is the exclusive distributor, offering reliable sales and after-sales services across Erbil, Sulaymaniyah, and Duhok.

Browse Geely's models today on www.iqcars.net