# Geely Chairman Li Shufu Presents Methanol Electric Strategy at 2026 Sustainable Global Leaders Conference in Shanghai

Geely Holding Group Chairman Li Shufu delivered a keynote at the 2026 Sustainable Global Leaders Conference, which opened in Shanghai on October 20, outlining the company's methanol electric route and its 2045 full-chain carbon neutrality goal\. Geely has put more than 60,000 methanol electric vehicles into operation, with cumulative driving mileage exceeding 25 billion kilometers\.

By China EV Signal
Published: 2026-10-20T14:09:09.223Z
Updated: 2026-10-20T14:09:09.225Z
Canonical article: https://chinaevsignal.com/news/geely-li-shufu-methanol-electric-2026-sustainable-global-leaders-conference

## Key takeaways

- Geely Holding Group has set a 2030 vision of leading a green and intelligent mobility ecosystem, with the overall goal of achieving full-chain carbon neutrality by 2045\.
- More than 60,000 Geely methanol electric vehicles are in operation, with cumulative driving mileage exceeding 25 billion kilometers, and the company says the technology cuts PM emissions by 98% and carbon monoxide by 88% compared with diesel\.
- A Geely Farizon XINGHAN H methanol electric tractor completed a Guinness World Record challenge run of 1,522\.9 kilometers on a single tank of green methanol across the Hexi Corridor, at a cost of 1 yuan per kilometer\.

## Li Shufu speaks at Shanghai conference

Geely Holding Group Chairman Li Shufu attended the opening of the 2026 Sustainable Global Leaders Conference in Shanghai on October 20 and delivered a keynote speech titled "Innovation Drives Green Transformation, Pooling Strength to Build a Resilient Future\." The conference is themed "Building a Resilient Future Together: Global Governance, Innovation-Driven Development and Industrial Upgrading" and gathered more than 300 guests from around the world\.

Li presented the company's methanol electric route as a Chinese carbon-reduction approach\. Geely Holding Group has set a 2030 vision of "leading a green and intelligent mobility ecosystem," with the overall goal of achieving full-chain carbon neutrality by 2045\.

## Two decades of methanol development

Geely has explored the methanol electric route for more than two decades and has built a full-chain green methanol technology and industrial system covering green methanol production, powertrain research and development, vehicle manufacturing, refueling facilities and carbon capture\.

According to Geely, producing one ton of green methanol can absorb 1\.375 tons of carbon dioxide\. The company cited Global Methanol Industry Association forecasts that the global methanol market could reach 500 million tons by 2050, with green methanol accounting for more than 70%\.

## Operating fleet and emissions results

Geely has put more than 60,000 methanol electric vehicles into operation, and their cumulative driving mileage has exceeded 25 billion kilometers\. Compared with diesel power, Geely says its methanol electric technology reduces PM pollutant emissions by 98% and carbon monoxide by 88%, while cutting comprehensive energy cost by 32% to 52%\.

A Geely Farizon XINGHAN H methanol electric tractor completed a Guinness World Record challenge by crossing the Hexi Corridor on a single tank of green methanol, covering 1,522\.9 kilometers at a cost of 1 yuan per kilometer\.

The Geely Galaxy Xingyao 6EF has been deployed more than 6,000 units in the operating market and will be launched to general consumers in the near term\.

## Green manufacturing and industry initiatives

Geely Holding Group has built 26 national-level green factories and 13 zero-waste factories, and Geely Auto has achieved 100% green electricity coverage at its vehicle manufacturing bases\. In 2025, Geely Auto exceeded its 14th Five-Year Plan target of a 25% reduction in per-vehicle lifecycle emissions and drove a full-year reduction of 1\.476 million tons across its vehicle supply chain\.

In May, Geely Holding served as founding chair and, together with the China Association of Automobile Manufacturers and 16 automakers and supply chain companies, jointly launched the Electric Vehicle Industry Sustainable Development Joint Initiative\.

## Policy support and earlier demonstrations

Thirty-nine cities across 20 provincial-level regions in China have issued more than 90 policy documents to encourage and support the promotion of methanol electric vehicles\.

Geely's earlier methanol demonstrations include a 2015 investment in Iceland's Carbon Recycling International to synthesize green methanol from geothermal renewable energy, followed by more than 400,000 kilometers of real-vehicle testing in Iceland\. In 2022, Geely methanol cars and Farizon methanol heavy trucks began demonstration operations in Aalborg, Denmark\. In 2023, the Hangzhou Asian Games used green zero-carbon methanol to light the main torch for the first time globally\.

In 2025, the world's first methanol electric combined container and general cargo ship, equipped with Farizon methanol electric technology, made its maiden voyage\. This year, Geely Farizon methanol electric buses have begun trial operations in Hong Kong, and Farizon has built a joint laboratory with Hong Kong Polytechnic University\.

## Company coverage

- [Geely news](https://chinaevsignal.com/manufacturers/geely)

## Original publisher

吉利控股集团. Published: 2026-10-20T03:52:50.000Z