Gasgoo Daily presents a selection of the latest developments from China's automotive industry. Here are the key stories in this edition.
Geely Reports Record Revenue and Profit in Q3
Geely Automobile Holdings reported record revenue and core net profit for the third quarter of 2026, according to its financial results released on October 29. Revenue rose 10% year on year to RMB 99 billion, while core net profit attributable to shareholders increased 32% to RMB 5.21 billion.
For the first nine months of the year, revenue grew 13% year on year to RMB 272.6 billion, while core net profit climbed 41% to RMB 14.9 billion. Profit growth outpaced revenue growth, indicating improved earnings performance.
Geely Automobile sold 813,000 vehicles in the third quarter, up 14% quarter on quarter. Nine-month sales reached 2.235 million vehicles, up 3% year on year and a record for the period, according to the company.
Geely Automobile plans several fourth-quarter product launches, including the Xingyue L PLUS, Geely Galaxy M8, Lynk & Co 900L and the 2027 Lynk & Co 03.
Great Wall Motor Plans Bulgarian Production Base with 50,000-unit Annual Capacity
Great Wall Motor plans to establish a production base in Lovech, Bulgaria, Chief Technology Officer Wu Huixiao said on October 27 at the GWM Raptor launch event in Milan.
GWM plans to complete the production-line retrofit by the end of 2026, giving the plant an annual capacity of 50,000 new energy vehicles. The GWM ORA 5 is expected to become its first model, with production scheduled for the first quarter of 2027.
The Lovech facility will be developed in partnership with Bulgarian Automotive Industry (BAI), making it GWM's first production project under this European localization approach.
GWM plans to introduce at least 10 new models and derivatives in Europe over the next two years, spanning multiple powertrain types. The company intends to connect the Bulgarian plant with its Munich R&D center and existing sales channels in markets including Italy, Spain and the Netherlands.
Zelos Secures Singapore's First RoboVan Commercial Operating License
Zelos has secured Singapore's first commercial operating license for RoboVans, becoming the only RoboVan supplier approved for autonomous commercial operations in the country.
Zelos continues to expand its network of partners in Singapore, building on its early flagship collaboration with FairPrice and extending its reach to major global logistics, e-commerce and transport companies, including Singapore Post (SingPost), DHL, CEVA, SATS, F&N, YCH and WTS.
Its operations span a range of applications, including e-commerce fulfillment, parcel delivery, enterprise logistics and operations in controlled environments, demonstrating the potential of autonomous delivery vehicles to meet diverse transportation needs.
Looking ahead, Zelos will continue to work with partners across Singapore, using the city-state as a strategic hub to expand the safe and sustainable deployment of autonomous logistics solutions. By leveraging its in-house technology and experience in large-scale operations, the company aims to address a wider range of real-world logistics needs and contribute to the development of the global smart logistics industry.
