Key facts
- Geely Automobile Holdings' profit increased by 36% year-on-year in the second quarter.
- Exports are increasingly driving Geely's sales, offsetting weak domestic demand.
- The company's new energy vehicle sales saw explosive growth in 2025, exceeding 1.68 million units.
- Geely's total revenue reached a record 345.2 billion yuan in 2025.
- Despite revenue growth, net profit attributable to the parent company saw a marginal increase of 0.2% in 2025.
Geely Automobile Holdings announced a 36% year-on-year increase in its second-quarter profit, largely driven by a surge in exports that compensated for sluggish domestic demand. The company's strategic focus on new energy vehicles (NEVs) and the premium Zeekr brand has been instrumental in its performance.
In 2025, Geely's overall sales volume surpassed 3 million units for the first time, with NEVs experiencing explosive growth and achieving a penetration rate exceeding 50%. The Geely Galaxy brand emerged as a significant contributor, becoming the fastest-growing NEV brand in China to reach the one-million-sales mark. Zeekr also reported strong sales, exceeding 224,000 units annually.
This sales momentum propelled Geely's total revenue to a record 345.2 billion yuan in 2025, marking a 25% increase from the previous year. However, the company's net profit attributable to the parent company saw a more modest rise of 0.2% to 16.85 billion yuan in 2025. This limited profit growth has been attributed, in part, to a strategy of prioritizing volume over price, which has impacted the average vehicle price.
Recent sales data for July shows Geely Auto sold a total of 250,161 vehicles, a 5.23% year-on-year increase. This total was bolstered by a record 106,663 overseas sales, a remarkable 202.40% surge year-on-year. In contrast, domestic sales in July were 143,498 units, reflecting a 29.12% year-on-year decline.