Geely Auto Reports Record RMB 14.9 Billion Core Profit as Earnings Rise 41%

Geely Auto Group reported record core net profit for the first nine months of 2026, with core net profit attributable to owners of the parent rising 41% year over year to RMB 14.9 billion.

The automaker also recorded record third-quarter revenue and profit, while expanding sales across its Geely, Zeekr and Lynk & Co brands and increasing exports to markets outside China.

Geely’s core profit grows faster than revenue in first nine months

Geely reported total revenue of RMB 272.6 billion for the first nine months of 2026, a 3% increase from the same period last year. Geely earned RMB 6,664 in core net profit per vehicle, up 37%, and its gross margin improved to 18%.

The third quarter was the company’s strongest on record for both revenue and core profit. Revenue for the three-month period increased 10% year over year to RMB 98.96 billion, while core net profit attributable to owners of the parent reached RMB 5.21 billion, up 32%, according to a Geely Auto Group press release.

Group-wide vehicle sales topped 2.235 million units during the first nine months. The Geely Auto brand accounted for 1,750,960 of them, including 877,184 new energy vehicles.

Zeekr delivered 288,404 vehicles, with both sales and revenue doubling year over year, and its share of the group’s total revenue rose from 17.7% to 31.3%. Lynk & Co sold 196,117 vehicles, more than 70% of them new energy models, a record share, and its sales outside China jumped 151%.

Exports rise 169% as Geely expands its international lineup

Geely’s exports reached 797,670 vehicles during the first nine months, a 169% increase from the same period last year, with new energy vehicles accounting for 61% of the total. Monthly sales outside China exceeded 100,000 vehicles for four consecutive months, from June through September.

The company is targeting one million sales outside China in 2026. It credited a broader international lineup, saying models including the Geely E2/EX2, Geely EX5 EM-i, Geely EX5, Lynk & Co 08, Zeekr 7X, Zeekr X and Zeekr 009 have reached leading sales positions in several overseas markets.

The automaker plans to bring more models abroad, including the Geely Emgrand EM-i, Geely Zhanjian 700 and Lynk & Co 07 GT, and said continued investment in its international operations is meant to support further overseas growth.

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