GEELY AUTOMOBILE PROFIT JUMPS ON ROBUST SALES

Geely Automobile delivered a strong third quarter despite stiff competition in its home market of China, with both net profit and revenue rising sharply, supported by effective cost controls and robust sales.

Net profit jumped 59% from a year earlier to 3.82 billion yuan, equivalent to $538.1 million, as revenue climbed 27% to 89.19 billion yuan, the Hangzhou-based automaker said Monday. Geely sold a total of 761,000 vehicles during the quarter, up 43% from the previous year.

The solid set of results comes as Geely has been gaining market share with its strong product offerings. The Chinese automaker has enjoyed rapid growth in sales volume this year, thanks to its wide product range and competitive pricing. The strong momentum prompted the company to raise its annual sales target by about 11% to 3 million vehicles.

The carmaker has also made changes to its business to make the most of its resources amid intense competition in China’s auto market. Two of Geely’s brands—Zeekr and Lynk & Co—merged to form Zeekr Group earlier this year.

Zeekr on Monday posted strong third-quarter sales, with total deliveries rising 12.5% to 140,195 units. Its revenue rose 9.1% to 31.56 billion yuan, and its gross margin improved to 19.2%.

Geely’s sales momentum stands out as a bright spot in an industry grappling with policy changes this year. Chinese authorities have imposed restrictions on the promotion of autonomous-driving technology and warned against excessive competition in the sector, with industry associations also calling for steep price cuts to be halted.

The company, now the second-largest electric-vehicle maker in China, has adopted an aggressive pricing and product strategy to take on BYD, the world’s bestselling EV maker. Its shares have risen about 16% in Hong Kong so far this year, outperforming BYD’s 13% gain.

Write to Jiahui Huang at [email protected]

Corrections & AmplificationsGeely sold a total of 761,000 vehicles in the third quarter. In July, it raised its annual sales target to 3 million units from 2.71 million units. An earlier version of this article incorrectly said Geely sold 76,100 vehicles in the third quarter and misstated the the original annual sales target as 2.17 million units. (Corrected on Nov. 17)

2025-11-17T05:20:36Z