Geely Auto

Business

Geely Auto (吉利汽车控股有限公司, Geely Automobile Holdings) sells cars under the Geely, Lynk & Co and Zeekr brands. Its range includes combustion, plug-in hybrid and battery-electric models (2026 interim results announcement, pp. 49, 50).

Results

In the first half of 2026 revenue rose 15% to ¥173.6bn and profit attributable to owners fell 2% to ¥9.09bn. Core profit, which excludes foreign exchange and impairment effects, rose 46% to ¥9.68bn (p. 2). Gross profit was ¥31.15bn, a 17.9% margin (our calculation from p. 3). The company says the average selling price per vehicle rose by ¥15,000 to ¥112,000 as sales shifted to export and premium models (p. 51).

Volumes

Total sales were 1,422,958 vehicles, up 1%, of which 948,730 were in China, an 11.4% share of China's passenger vehicle market. NEV sales were 799,454, up 10%, which is 56.2% of the total against a 54.2% NEV share of China's market, and split into 461,416 battery-electric and 338,038 plug-in hybrid vehicles (p. 49, 50). Exports were 474,228 vehicles, up 158%, of which 277,189 were NEVs, up 585%, 58.5% of exports (p. 51).

Where it stands

In a market where, by industry data it cites, domestic passenger vehicle sales fell 24.3%, Geely grew its total slightly by exporting more and selling more expensive cars. Its profit did not grow with revenue.