Geely Aims to Match Tesla's FSD by 2026, Accelerates Tech Push After Hitting 3M Annual Sales

Geely Auto recently released its 2023 financial results, reporting record-breaking annual sales exceeding 3 million vehicles and revenue reaching RMB 345.2 billion—both all-time highs. Notably, the company’s core net profit attributable to shareholders grew faster than its revenue. Despite a marginal 0.1% increase in gross margin and a slight decline in average revenue per vehicle—primarily due to a higher proportion of R&D expenses being expensed rather than capitalized—the company acknowledged that its current intelligent driving technology still lags behind industry leaders. Geely has set a clear target: to match Tesla’s Full Self-Driving (FSD) capabilities by 2026. To achieve this, it has consolidated a 3,000-person intelligent driving team and partnered with NVIDIA to co-develop a Level 4 autonomous driving technology foundation based on the DRIVE Hyperion platform. With a 2026 sales target of 3.45 million vehicles, Geely must win critical battles across multiple fronts—including intelligent driving user experience, R&D-to-product conversion efficiency, and premium pricing power—to fulfill its commitments. Ultimately, genuine market feedback will serve as the ultimate test.