Wedoany.com Report-Nov. 17, Geely Automobile Holdings Limited (“Geely Automobile”) reported a strong third quarter, with significant gains across sales, revenue, and profit.

In July–September, the company delivered 761,000 vehicles, up 43% from 534,000 units a year earlier. This lifted nine-month sales to more than 2.17 million units, marking a 46% year-on-year increase.

Revenue growth was similarly robust. Third-quarter turnover reached 89.19 billion yuan, up 27% year-on-year, while total revenue for the first nine months rose 26% to 239.477 billion yuan. Although statutory profit for the first nine months fell slightly, Geely highlighted that adjusted net profit, excluding foreign-exchange effects, asset impairments, and other non-operating items, rose 59% year-on-year. Core third-quarter profit alone increased 19% to 3.96 billion yuan.

Gross margin for the nine-month period stood at 16.5%, and the company strengthened its liquidity, ending September with 45.2 billion yuan in net cash.

Growth was driven by both traditional combustion vehicles and new energy vehicles (NEVs). Premium EV brand Zeekr delivered about 140,000 units in the first three quarters, while the Geely brand remained the core volume contributor with 1.785 million vehicles. Galaxy lineup sales tripled to 875,000 units, reflecting strong demand in the mid-to-high-end NEV segment.

As of September 30, total assets rose 1% year-on-year to 274.436 billion yuan, and shareholders’ equity increased 8% to 93.516 billion yuan. Net current liabilities were about 7.874 billion yuan, but management confirmed sufficient liquidity and funding channels to support operations.

Geely also advanced strategic acquisitions to strengthen internal coordination and control over retail channels. The merger of Zeekr and Lynk & Co. enhanced oversight of its premium portfolio, while majority stakes in six dealerships helped build a more self-operated sales network.

By the end of October, Geely had sold 2.477 million vehicles in 2025, achieving roughly 83% of its full-year target of 3 million units. A series of new and refreshed models, including the upcoming Galaxy Xingyao 6, is expected to boost fourth-quarter sales and support the company in reaching its annual goal.

Geely’s results underline solid momentum across multiple segments, strong NEV growth, and continued investment in premium and retail capabilities, positioning the automaker well for the remainder of the year.