Geely Automobile Holdings Limited (“Geely Auto”) (0175.HK) announced its Q1 2025 financial results.
It highlights strong revenue growth, a surging New Energy Vehicle (NEV) segment, significant breakthroughs in technology and global expansion acceleration.
In the first quarter, Geely Auto achieved a revenue of RMB 72.5 billion(or about $10B), an increase of 25-percent year-on-year. Net profit attributable to shareholders reached RMB 5.67 billion, an 264-percent increase year-on-year, with the company’s total gross profit in the first quarter increased significantly to RMB 11.4 billion, with a gross margin of 15.8 percent.
In the first quarter, Geely Auto sold 704,000 units, a year-on-year increase of 48 percent, completing 26 percent of its 2.71 Million units annual sales target.
New energy vehicles drive record sales
In the first quarter, the Geely NEV lineup had a single-quarter sales volume of nearly 260,000 units, a year-on-year increase of 214 percent. Standout performers include the Geely Xingyuan with a terminal sales volume of 117,000 units sold from January to April. The Geely E5 (domestic version of Geely EX5) and Geely Xingjian 7 EM-i each surpassing 10,000 units sold per month. Geely Auto’s NEV has exceeded 930,000 units by the end of April, expected to become the fastest NEV brand to reach one million units sold.
Global expansion and ESG leadership
In an increasingly competitive global automotive market environment, Geely Auto has continuously enhanced its international market competitiveness by continuously optimizing its product layout and expanding to key markets.
In the first quarter, the group’s cumulative export sales were 89,953 units, with increased export volumes in the Asia-Pacific region by 174-percent year-on-year and in Latin America region by 104.2-percent year-on-year. The Geely brand has expanded its product layout as it launched 10 high-value models in key markets such as Saudi Arabia and Australia. The Geely EX5 has made its debut in seven countries with plans for over 20 markets by the end of 2025. With over 900 sales and service outlets in 86 countries, Geely continues to strengthen its brand’s influence.
