By Jiahui Huang
Geely Automobile reported stronger earnings in the third quarter, thanks to the Chinese auto giant's robust performance despite stiff competition in its home market.
Net profit rose to 3.82 billion yuan, equivalent to $538.1 million, from 2.40 billion yuan a year earlier, on revenue that increased 27% to 89.19 billion yuan, the Hangzhou-based automaker said Monday. Geely sold a total of 76,100 vehicles in the third quarter, up 43% from the previous year.
Geely, China's second-largest electric-vehicle maker, has been growing its market share with strong product offerings. The automaker has experienced rapid growth in sales volume this year, driven by its range of products and competitive pricing. In July, it raised its annual sales target to 3 million units from 2.17 million units.
Geely's subsidiary Zeekr also posted strong sales in the third quarter, with its total delivery volume rising 12.5% to 140,195 units. The company's revenue climbed 9.1% to 31.56 billion yuan, and its gross profit margin improved to 19.2%.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
November 17, 2025 00:11 ET (05:11 GMT)
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