Geely Automobile Posts Strong Q3 Profit Surge as EV Sales Accelerate

Geely Automobile reported a significant jump in third-quarter earnings, fueled by robust sales growth and the company’s accelerating shift toward electric vehicles. The Hong Kong–listed automaker (HK:0175) posted a 59% rise in profit attributable, reaching 3.82 billion yuan (around $540 million) for the three months ending September 30. This sharp increase reflects Geely’s expanding foothold in China’s highly competitive EV landscape.

The automaker’s performance was supported by a solid 27% climb in revenue, which hit 89.19 billion yuan, while sales volumes soared 43% to 761,000 units in the quarter. Geely’s broader 2025 performance has been equally strong. Sales for the first three quarters surged 46% to 2.17 million units, the company previously disclosed. Electric vehicle sales stood out as the main growth engine, more than doubling to 1.17 million units during the period. EVs also made up nearly 54% of Geely’s total sales so far this year, underscoring its deepening commitment to the fast-growing segment.

Geely’s strategy of aggressive pricing, competitive promotions, and a steady rollout of new models has played a key role in attracting buyers and strengthening its market position. These efforts align with the company’s broader push to expand its presence in the world’s largest EV market, where automakers are racing to innovate and differentiate.

However, despite its strong momentum, Geely may encounter challenges in the coming quarters. China’s removal of several electric-vehicle incentives and consumer subsidies in the September quarter could create headwinds for overall industry demand. As competition intensifies and market conditions shift, Geely’s ability to maintain its growth trajectory will likely depend on continued product innovation, cost efficiency, and strategic expansion.

Still, the company’s latest results highlight a solid performance and reinforce its growing influence in the EV sector at a time when global demand for electrified mobility continues to rise.