Only one diversified Chinese automotive group had ever crossed the 50-percent new-energy line at multi-million-unit scale. As of the first half of 2026, that is now two — and the second name on the list is Geely Holding. In figures published by the group on July 15, 2026 and re-reported by autohome.com.cn a day later, Geely Holding closed H1 2026 with 1,934,842 vehicles sold across every brand it owns or controls, of which 1,100,893 were new-energy vehicles. That is a group-wide NEV penetration of 56.9 percent, up roughly 10 percent year-on-year in absolute NEV volume, on a portfolio that spans budget ICE nameplates, premium hybrids and pure-electric luxury.
The Numbers Behind the Line
Geely Automobile Holdings — the Hong Kong-listed arm — carried about 1.42 million of the total, roughly three quarters of the group tally. Geely Galaxy drove most of that, with its EREV L-series and pure-electric E-series scaling in the 100,000-to-200,000 RMB sweet spot. Zeekr held its ramp on the 001 refresh, the 007 sedans, the X compact SUV and the incoming 9X flagship, while Lynk & Co, Volvo, Polestar, Smart and commercial-EV arm Farizon rounded out the mix. Volvo’s Charleston plant sidesteps US tariff exposure and Polestar 4 output is split between South Korea and Chengdu. Exports contributed roughly a third of group volume in 2025 and H1 2026 held that mix.
What Powered the 56.9 Percent
Three engines drove the milestone. Geely Galaxy’s EREV L6, L7 and E-series are now genuine volume products in the exact price band where mass-market Chinese NEV growth is fastest. Zeekr and Lynk & Co each ship a higher share of NEVs every quarter as their older ICE trims retire. Volvo’s rising hybrid mix plus Polestar’s fully-electric line-up compound the effect at the premium end. Every second car Geely Holding delivered in H1 2026 now plugs in — a structural shift, not a marketing headline.
Where It Sits Against Peers
Put 56.9 percent next to the rest of the Chinese multi-brand cohort and the ranking is clear. BYD is 100 percent NEV by construction. Chery’s most recent public disclosure ran under 40 percent for H1 2026. SAIC’s mix sat in the low-30s and Great Wall around 27 to 28 percent, both weighed by legacy joint-venture and pickup ICE volume. That leaves Geely Holding as the highest-NEV-penetration diversified Chinese auto group full stop, and the only one other than BYD past the halfway line. Read iEVChina’s full Geely Holding H1 2026 analysis for the brand-by-brand breakout.
Source: geely.com / autohome.com.cn / gasgoo.com
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