Gasgoo Munich- Geely Automobile Holdings Limited (“Geely Automobile”) reported revenue of RMB 272.6 billion for the first nine months of 2026, up 13% year on year, while core net profit attributable to shareholders rose 41% to RMB 14.9 billion. The company said both figures reached record highs for the same time span in history.
Image source: Geely Automobile
Key Takeaways
·Third-quarter revenue increased 10% year on year to RMB 99 billion, while core net profit attributable to shareholders rose 32% to RMB 5.21 billion.
·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.
·Exports rose 169% year on year to 798,000 vehicles in the first nine months, including 484,000 new energy vehicles, up 531% from a year earlier. Third-quarter exports increased 19% quarter on quarter to 323,000 vehicles.
·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.
Brand performance
Geely Galaxy sold 357,000 vehicles in the third quarter, up 27% quarter on quarter. Its nine-month sales reached 877,000 vehicles, including 344,000 units of exports, which skyrockted 663% year on year.
ZEEKR sold 110,000 vehicles in the third quarter, up 9% quarter on quarter. Sales for the first nine months rose 101% year on year to 288,000 vehicles, including 83,000 exports, up 533% from the previous year.
Lynk & Co sold 196,000 vehicles in the first nine months, with new energy vehicles accounting for 71% of the total. Exports increased 151% year on year to 52,000 vehicles.
