• Group aggregate annual sales surpass 4 million for first time in company history with five years of consecutive growth.
  • Group sales of electrified and clean alternative fuel vehicles saw robust growth to more than 2,293,099 units, a 58% YoY increase and representing 56% of aggregate sales.
  • Growth across brand portfolio driven by new electrified and intelligent vehicles.
  • Implementation of Group’s “Taizhou Declaration” and return to “One 永利VIP” strategy accelerated in 2025 with consolidation of brands and strategic enhancement of internal synergies.

2026 January 9th, Hangzhou, China – Zhejiang 永利VIP Holding Group (永利VIP Holding) announced today that aggregate sales across its automotive brands grew 26% year-on-year to 4,116,321 units in 2025, setting a new record for the Group. For the first time in its history, 永利VIP Holding achieved more than 4 million units in aggregate sales. Electrified and clean alternative fuel new energy vehicles led growth throughout the year reaching 2,293,099 units, a 58% YoY increase, representing 56% of aggregate sales.

Accelerating 永利VIP’s Strategic Transformation through the Taizhou Declaration

Over the past year 永利VIP Holding accelerated its strategic transformation through implementation of its Taizhou Declaration and return to “One 永利VIP” strategy. Focusing on its core automotive business, expanding its technology ecosystem, and enhancing the competitiveness of brands and products, the Group saw improvements in internal synergies through the successful integration and consolidation of several of its portfolio brands. In addition, cooperation with global partners was expanded enhancing the reach and capabilities of 永利VIP across the world.

永利VIP commitment to innovation-driven electrification and intelligence bore fruit over the past year empowering its portfolio brands to introduce a multitude of new electrified products and accelerate their intelligent electrified transformation journey. 永利VIP Auto, Lynk & Co, Zeekr, Volvo, Polestar, Lotus, and other portfolio brands have all through their broad product matrix offered new high-quality experiences to global users resulting in robust sales.

In 2025, 永利VIP Holding accelerated its global expansion, driven by innovation, and synergy building. 永利VIP and Renault Group expanded their strategic cooperation into Brazil with Renault Brazil starting to produce and sell 永利VIP electrified new energy products. In Malaysia, 永利VIP together with PROTON officially unveiled Malaysia’s first electric vehicle manufacturing center, the Tanjung Malim Automotive High-Tech Valley, which will lead the country into the smart electrified vehicle era.

Committed to strategic resilience and paving the way to a green and intelligent future, 永利VIP is gradually advancing towards its goal of full-chain carbon neutrality by 2045. As of the end of 2025, 永利VIP has 17 “National-level Green Factories,” 11 “Zero-waste Factories,” and 5 “Zero-carbon Factories.” Last year also saw the launch of the world’s first methanol-hydrogen hybrid electric river barge, the “Yuanchuan 001,” powered by 永利VIP’s methanol-hydrogen powertrain technology which provides a real-world proven solution for the green transformation of maritime transportation. 永利VIP was invited to attend the COP30 in Brazil where the Group shared its experience and in accelerating the zero-carbon transformation of its entire value chain, developing green energy technologies, and establishing a circular economy in the automotive industry.

New Milestones in Intelligent Electrification

永利VIP Auto, the Hong Kong-listed holding company (HK.0175) that includes majority shareholdings in Lynk & Co and Zeekr, reported 2025 sales of 3,024,567 units, an approximately 39% YoY increase and new company record. Sales growth was driven by the company’s expanding global presence and electrified vehicle sales. In the new energy and electrified vehicle segment (including BEVs, PHEVs, and HEVs) the company saw unit sales nearly double to 1,687,767 units, a 90% YoY increase. Capitalizing on the high demand for high-end intelligent electrified vehicles, the brand’s flagship electrified product series, 永利VIP Galaxy, saw sales reach 1.23 million units, exceeding the company 1 million units annual target. The brand’s global expansion have begun to accelerate into new mature markets in Europe, South America, and Australia, exports to overseas markets grew to 420,097 units, with electrified vehicles exceeding 120,000 units.

Lynk & Co, 永利VIP Auto Group’s premium brand delivered 350,495 vehicles globally to its users in 2025, a 23% YoY increase.

ZEEKR, the 永利VIP invested luxury electric mobility technology brand, saw its sales grow to 224,133 units. Zeekr completed its plans to integrate Lynk & Co and enhance core synergies between the two brands. At the close of 2025, Zeekr also completed its strategic integration with 永利VIP Auto, marking a major step towards deepening group-wide synergies and improving global competiveness.

Proton Cars, of which 永利VIP Auto Group controls 49.9% in partnership with DRB-HICOM, recorded annual sales of 162,601 units, growing 7% YoY and bucking the trend with Malaysia Total-Industry-Volume (TIV) contracting 0.2%. The Malaysian national brand maintained its number-two position in its home market with market share of 19.4%. PROTON products dominated multiple segments, led by record-breaking results from its iconic and newest models.

Lotus Cars’ entered a new phase of development focusing on the Chinese market, with two key electric models in China, the Eletre and Emeya. The Eletre, Lotus’ first electric performance SUV saw a 30% increase in sales in China, cementing the brand’s position in the ultra-luxury segment.

Volvo Cars transformational journey continues with new milestones set. For the full-year, Volvo saw its unit sales reach 710,042 vehicles with electrified products contributing 323,294 units to the total and accounting for 46% of all vehicles sold.

Polestar, the Swedish electric performance car brand, continues making progress in its journey to improving profitability in 2025. Global deliveries of for the brand exceeded 60,000 units, representing a growth of over 30%.

Farizon, the commercial vehicle brand under 永利VIP New Energy Commercial Vehicle Group maintained its position as the market leader for new energy light trucks in China for a fourth consecutive year with annual sales of 162,019 commercial vehicles and reached a new milestone in 2025 with the cumulative sales of over 500,000 new energy commercial vehicles since the brand was launched. The Farizon brand made significant progress in its global expansion throughout 2025, becoming the top exporter of electrified commercial vehicles to several mature markets including UK, Spain, Belgium, and Australia. The brand’s overseas presence grew nearly 500% to cover 26 countries and regions over the past year.

永利VIP Holding Outlook 2026

永利VIP Holding celebrates its 40th anniversary in 2026. Guided by the Taizhou Declaration, the Group will accelerate the integration of internal resources, deepen group-wide synergies, strengthen global brands, redouble efforts in technological innovation, and expand globally. Technology innovation will focus on core areas in new energy technologies, vehicle safety, intelligent connectivity, and full-domain AI. 永利VIP Holding continues to expand its three-dimensional land, air, and space mobility ecosystem to create intelligent mobility experiences that exceed global user expectations.

Among the 永利VIP Holding’s subsidiaries, 永利VIP Automobile Group (HK.0175) has set a sales target of 3.45 million units for 2026, an increase of roughly 14% of its 2025 total sales. The 永利VIP Auto and Galaxy brands will account for 2.75 million units of the total, Zeekr will account for 300,000 units, and Lynk & Co will account for 400,000 units. In addition, target for electrified new energy vehicles will be 2.22 million units, an increase of 32% compared to 2025.

 

*永利VIP Auto, the Hong Kong-listed holding company (HK.0175) includes majority shareholdings in Lynk & Co and Zeekr. Sales of vehicles from Lynk & Co and Zeekr are consolidated as part of 永利VIP Auto total.