Key Takeaways
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- Q3 net profit jumped 59% to 3.82 billion yuan, up from 2.40 billion yuan last year.
- Revenue rose 27% to 89.19 billion yuan.
- Vehicle sales surged 43% to 76,100 units in Q3.
- Geely raised its annual sales target to 3 million units earlier this year.
- Subsidiary Zeekr delivered 140,195 units, with revenue up 9.1% and gross margin improving to 19.2%.
- Competitive pricing and expanded product lineup continue to fuel strong market-share gains.
Profit and Revenue Climb Despite Intense Competition
Geely Automobile delivered a strong third quarter, with net profit rising to 3.82 billion yuan as the company maintained momentum in a crowded and heavily discounted Chinese EV market. Revenue increased 27%, supported by double-digit volume growth and solid pricing execution across its lineup.
Sales Momentum Accelerates Across the Portfolio
Geely sold 76,100 vehicles in Q3, a 43% increase from a year earlier. The brand has benefited from a wave of compelling models at aggressive price points, allowing it to capture share from both foreign automakers and domestic rivals.
Earlier this year, Geely lifted its full-year sales target from 2.17 million to 3 million units, reflecting confidence in continued volume growth.
Zeekr Delivers Another Strong Quarter
Luxury EV subsidiary Zeekr also posted notable gains:
- 140,195 deliveries (+12.5%)
- 31.56 billion yuan in revenue (+9.1%)
- 19.2% gross margin, a meaningful improvement
Zeekr remains one of China’s fastest-scaling premium EV brands, supported by strong demand for its higher-margin models.
