Geely Auto reported February sales of 206,160 vehicles, a modest increase of 0.61% from a year earlier despite a sharp slowdown in China caused by the Lunar New Year holiday.
The figure represents a 23.69% decline from January, reflecting the impact of the Spring Festival break on production and deliveries. Domestic sales totaled 145,281 units, down 19.00% year on year and 30.71% from the previous month.
Exports emerged as the main driver of growth. Geely shipped a record 60,879 vehicles overseas in February, an increase of 138.26% compared with the same month last year.
Within the new energy vehicle segment, plug-in hybrid electric vehicles showed stronger performance than battery-electric models. PHEV sales reached 49,656 units, up 89.31% year on year, while BEV sales totaled 67,832 units, down 6.05% from a year earlier.
Premium brands played a significant role in supporting overall results. Zeekr delivered 23,867 vehicles in February, a 70% increase year on year, while Lynk & Co sold 27,359 units, up 58.71% from the previous year. Both brands recorded slight declines from January levels.
In contrast, Geely’s core mass-market brand faced pressure, with sales of 154,934 vehicles, down 10.77% year on year. The Galaxy sub-brand also declined, selling 73,125 units and failing to maintain the rapid growth seen in previous months.
Geely’s performance highlights the growing importance of overseas markets and premium segments as Chinese automakers navigate domestic competition and seasonal fluctuations.