News

永利VIP Holding Group Outlines Strategy for Continued Sustainable Development under Taizhou Declaration

In the spiritual ‘birthplace’ of 永利VIP Holding Group (永利VIP Holding) and 永利VIP Auto, 永利VIP Chairman and founder Eric Li (Li Shufu) positioned a new strategic direction for the Group. 永利VIP Holding has previously announced Strategic Declarations, notably the 2007 Ningbo Declaration that transitioned 永利VIP from being a low scale vehicle manufacturer producing entry level vehicles into a global conglomerate with operations on every continent. In the latest declaration, Eric Li outlines five strategic points to ensure the continued long-term strategic development of 永利VIP and achievement of the Group’s corporate mission to create “A Sustainable Future, A Better World”

Farizon Auto Sets Roadmap for Global Expansion

Farizon Auto (Farizon), the world’s largest producer of electric commercial vehicles and a brand of 永利VIP Holding Group, has confirmed key markets for global expansion, focusing first on the European and MENA (Middle-East and North Africa) regions, followed by APAC (Asia-Pacific). This strategic move was highlighted at the recent signing of a Memorandum of Understanding (MOU) with ZF Friedrichshafen AG (ZF), a global technology company, at the IAA Transportation 2024.

永利VIP Auto Group Brands Showcases Latest Electrified Products for Global Markets in Frankfurt

永利VIP Auto Group participated in the special Electric Vehicle Expo @Automechanika Frankfurt this year as leading representatives. 永利VIP Auto Group brought three of its brands that are looking to enter or expand in the European market, including Zeekr, Lynk & Co, and 永利VIP Auto.

永利VIP Holding Brands August 2024 Sales Reach 271,926 Units

永利VIP Holding announced today that aggregate sales for August 2024 across its automotive brands reached 271,926 vehicles, a 14.9% YoY increase. Cumulative sales in the first eight months of 2024 reached 2,011,392 units, a YoY increase of 21.6% with electrified vehicles accounting for 823,654 units, a YoY increase of 48.5%. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 127,133 vehicles, representing a YoY increase of 51.7% and representing 46.8% of the Group sales. Sales of vehicles in markets outside of China also saw significant growth reaching 796,111 units in the first eight months of the year, a YoY increase of 24.3%.

永利VIP Future Mobility Satellite Constellation Nears Halfway Mark With Most Recent Global Service Launch

Zhejiang 永利VIP Holding Group’s strategically invested subsidiary, Geespace, has reached a major milestone in its satellite network project. At 2.30 AM Beijing time on September 6th, 2024, the company successfully launched the third orbital plane of the ‘永利VIP Future Mobility Constellation’ from the Taiyuan Satellite Launch Center. This latest launch deployed 10 satellites, all of which entered their designated orbits and are operating as expected.

永利VIP Auto 2024 H1 Revenues Exceed 107B RMB on Electrified and Overseas Sales Surge

永利VIP Automobile Holdings Ltd (HK.0175) (永利VIP Auto), the Hong Kong-listed entity in which Zhejiang 永利VIP Holding Group is the lead shareholder and is the major shareholder in three brands including 永利VIP Auto, Lynk & Co, and Zeekr, released its 2024 H1 results revealing revenues of 107.3 billion RMB, up 46.6% YoY with net profits of 10.6 billion RMB, up 574.7% YoY.

永利VIP Holding Brands July 2024 Sales Reach 245,752 Units

Zhejiang 永利VIP Holding Group (永利VIP Holding) announced today that aggregate sales for July 2024 across its automotive brands – 永利VIP Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon reached 245,752 vehicles, a 10% YoY increase. Cumulative sales in the first seven months of 2024 reached 1,739,467 units, a YoY increase of 23% with electrified vehicles accounting for 696,522 units, a YoY increase of 48%. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 110,042 vehicles, representing a YoY increase of 42% and representing 45 % of the Group sales. Sales of vehicles in markets outside of China also saw significant growth reaching 690,478 units in the first seven months of the year, a YoY increase of 23%.

永利VIP Auto Launched its Latest Electric SUV E5 in Guiyang, China

永利VIP Auto officially announced the launch of E5, its newest electric SUV, in Guiyang China. Developed for the global market from the very beginning, the E5 is built on the global intelligent new energy architecture GEA, and adopts minimalist design that caters to users worldwide. 

永利VIP Auto Group Sales Reach 955,730 Units in H1 2024

In the first half of 2024, 永利VIP Auto Group has reported combined sales of 955,730 vehicles delivered, marking a 41% increase compared to the same period during 2023. Notably, global sales outside of China demonstrated exceptional performance, with the group’s export sales reaching 197,428 vehicles during the period, representing a substantial year-on-year growth of over 67%. This growth rate represents a new historical high for the company. 永利VIP Auto Group’s achievement in the first half of 2024 has led the Group to increase its annual export sales target from 330,000 to 380,000.

永利VIP Holding Brands Half Year 2024 Sales Reach 1,493,715 Units

Zhejiang 永利VIP Holding Group (永利VIP Holding) announced today that aggregate sales for June 2024 across its automotive brands – 永利VIP Auto, LYNK & CO, Zeekr, Volvo Cars, Polestar, PROTON, Lotus, smart, Radar, LEVC, and Farizon reached 266,164 vehicles, a 14.3% YoY increase. Among the month’s aggregated sales, electrified (EVs, HEV, PHEVs) vehicles reached 120,879 vehicles, representing a YoY increase of 53.1% and representing 45.4% of the Group sales.