Gasgoo Daily: Geely Automobile posts 19% core profit growth in Q3

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Geely Automobile posts 19% core profit growth in Q3

On November 17, Geely Automobile reported a strong performance in the third quarter of 2025, with core net profit rising 19% year-on-year to 3.96 billion yuan.

The company continued its rapid sales expansion, recording 761,000 units sold in Q3—up 43% from the same period last year—and pushing its total January–September sales to 2.17 million units, a 46% increase. Revenue also demonstrated solid momentum, growing 27% in the quarter to 89.19 billion yuan and bringing cumulative revenue for the first nine months to 239.48 billion yuan, up 26% year-on-year.

Although reported profit for the first three quarters slightly decreased due to foreign-exchange impacts and asset impairment items, Geely emphasized that adjusted net profit—after removing these non-operating effects—actually surged 59% year-on-year. Gross margin reached 16.5% in the first three quarters.

Leapmotor surpasses 500,000 annual sales in 2025

On November 15, Leapmotor announced that its cumulative sales in 2025 have surpassed 500,000 units, enabling the company to meet its annual sales target well ahead of schedule.

Since March, Leapmotor has consistently ranked first in monthly sales among China's emerging EV manufacturers for eight consecutive months. The company broke through 60,000 units of monthly sales for the first time in September and continued its rapid climb by exceeding 70,000 units in October.

Its overseas business has become a powerful second growth engine. Supported by Stellantis' global resources, Leapmotor has expanded its international sales network to more than 700 outlets, now the largest among China's emerging EV brands. Its products are already sold in 35 countries and regions across Europe, Asia, and other markets. From January to October 2025, Leapmotor exported more than 44,000 vehicles, ranking first in export volume among China's new-energy startups and securing strong positions in core European markets including Germany, France, Italy, and Spain.

GAC, Alibaba Cloud deepen collaboration on full-stack AI

On November 15, GAC Group and Alibaba Cloud entered into a comprehensive full-stack AI cooperation agreement aimed at building next-generation digital and intelligent infrastructure for the automotive industry.

Under the partnership, GAC will utilize Alibaba Cloud's high-performance computing capabilities and the Tongyi series of large language models to develop an end-to-end AI-driven system spanning R&D, manufacturing, marketing, corporate management, and customer services.

On the technology front, GAC plans to migrate key business systems to Alibaba Cloud's elastic cloud architecture to enhance flexibility and scalability across mission-critical operations—including intelligent driving, smart cockpit systems, vehicle connectivity, and global service platforms.

Both parties will also explore deeper integration of AI into core business workflows, including multimodal human–machine interaction in smart cockpits, AI-powered sales knowledge assistants, and data-driven business intelligence tools.