Geely Holding Group has outpaced BYD in the first two months of 2026, selling more cars in China and doubling exports to Europe, the Middle East and beyond. The shift follows a surge in gasoline prices after the Iran war, which revived demand for electric vehicles. Geely’s flexible power‑train mix has become its edge.

Geely’s strategy hinges on its ability to field gasoline, hybrid, plug‑in hybrid and fully electric models. When Chinese subsidies vanished last year, the company leaned on gasoline units; when fuel costs spiked, it pivoted back to electrics. The company now plans to convert all remaining gasoline vehicles to hybrids, aiming for 30 % of sales outside China by 2030 in 2026.

Geely’s growth is backed by a portfolio that includes Volvo, Lotus, Polestar and Zeekr, and by overseas plants that bypass trade barriers. Yet the company faces pressure from state‑owned rivals and an intense price war that has squeezed domestic margins. Despite these challenges, Geely remains profitable through exports, positioning it to reshape the global auto market in the near future.