Chinese auto giants Geely, Changan, and GAC set ambitious 2025 goals

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Chinese automakers Geely, Changan, and GAC have set annual double-digit growth targets for 2025, driven by aggressive product launches and overseas expansions, despite growing uncertainty over European import tariffs and sluggish demand at home. Details: Surpassing its 2024 sales target of 2 million vehicles by 8.5%, Geely Auto on Jan.2 announced plans to boost sales by 25% to 2.71 million units this year, focusing on new product launches and global sales expansions, Reuters reported. Geely Auto is one of Zhejiang Geely Holding Group’s brands, along with US-listed Zeekr and sports car brand Lotus. Notably, Geely’s Galaxy marque has set an ambitious goal of doubling its sales to 1 million units this year. Sales of Toyota’s Chinese partner declined 20% to 2 million units in 2024.