Geely Automobile's Q3 2026 revenue of 99 billion yuan and core net profit attributable to parent of 5.21 billion yuan both hit new highs for the same period

Geely Auto Leads High-Quality Development: Third-Quarter 2026 Revenue and Core Profit Both Hit Record Highs for the Period

Zhong Lilei, 14 hours ago, focusing on the "One Geely" strategy.

On October 29, Geely Automobile Holdings Limited (0175.HK, hereinafter referred to as "Geely Auto") released its third-quarter 2026 financial report. In the third quarter, the company achieved revenue of 99 billion yuan, up 10% year on year; core net profit attributable to shareholders reached 5.21 billion yuan, up 32% year on year, with both quarterly revenue and core profit hitting record highs for the period. In the first three quarters, total sales exceeded 2.235 million vehicles, total revenue reached 272.6 billion yuan, and core net profit attributable to shareholders reached 14.9 billion yuan, with overall operating performance improving across the board. Amid external variables such as industry competition and raw material fluctuations, the company achieved high-quality development with "simultaneous growth in volume, price and profit" against the trend. In the fourth quarter, Geely Auto will continue to be guided by the "One Geely" strategy, accelerate globalization, premiumization and intelligence-driven development, and fully unleash the growth momentum of a "leader in all-domain AI intelligent vehicles." Revenue grew steadily, profit quality leads the industry, and the high-quality development trend continues to improve.

In the first three quarters of 2026, Geely Auto's operating quality and profitability remained steady and improving, leading the industry's high-quality development. In the first three quarters, Geely Auto's total sales exceeded 2.235 million vehicles, achieving growth against the trend and a record high even as the industry as a whole declined 6%; its overall passenger vehicle market share rose to 11.1%, and its new energy passenger vehicle market share rose to 11.4%, with the new energy transformation comprehensively deepened and the results of its diversification strategy becoming more significant. The coordinated advancement of premiumization and globalization drove total revenue in the first three quarters to 272.6 billion yuan, up 13% year on year and a record high; third-quarter revenue rose 10% year on year to 99 billion yuan, highlighting the robustness of revenue growth.

Benefiting from the concentrated volume release of premiumization and globalization, Geely Auto's profitability improved steadily. Third-quarter core net profit attributable to shareholders was 5.21 billion yuan, up 32% year on year; in the first three quarters, core net profit attributable to shareholders was 14.9 billion yuan, surging 41% year on year and a record high, presenting a high-quality development trend in which "revenue growth outpaces sales growth, and core profit growth outpaces revenue growth." In the first three quarters, the company's gross margin rose to 18.0%, core net margin attributable to shareholders rose to 5.5%, and per-vehicle profitability also continued to improve, with core net profit attributable to shareholders per vehicle rising 37% year on year to 6,664 yuan, fully releasing positive profitability signals.

The "One Geely" strategy improves resource integration efficiency and highlights the company's achievements in "improving quality and reducing costs." In the first three quarters, Geely Auto's selling expense ratio fell 0.1 percentage point year on year to 5.6%, still advancing optimization amid rapid overseas market expansion; the administrative expense ratio fell 0.1 percentage point year on year to 1.6%, with notable results from lean management and AI-driven efficiency improvements; and the R&D investment ratio fell 0.7 percentage point year on year to 5.5%. While R&D efficiency improved, the company's R&D investment in the first three quarters remained flat year on year, continuously consolidating its technological barriers in areas such as AI and three-electric systems. The forward-looking "One Geely" strategy guides the balanced development of four major brands.

In the third quarter, as the industry shifted from "scale expansion" to "quality leadership," automakers' brands underwent intensive integration, and organizational efficiency improvement and supply chain collaboration continued to deepen. Geely Auto focused on the "One Geely" strategy and advanced a series of integration measures. During the reporting period, it initiated management adjustments and organizational changes, providing systemic support for efficient collaboration among the four major brands with forward-looking strategic vision and efficient execution.

The Zeekr brand steadily moved upward and remained at the forefront of China's high-end luxury new forces. In the first three quarters, sales were 288,000 vehicles, with both sales and revenue doubling year on year and revenue share continuing to rise, effectively opening up the company's revenue and profit space. At the product level, the Zeekr 9X, 8X and 009 won segment sales championships, the 2027 Zeekr 7X will be launched in the fourth quarter, the Zeekr 009 Grand will also be renewed and upgraded within the year, and the overseas markets for the Zeekr 9X, 8X and 009 will be expanded to continuously consolidate high-end market share.

The Lynk & Co brand anchors the mid-to-high-end market and continues to broaden, with sales of 196,000 vehicles in the first three quarters, a new high with the new energy share exceeding 70%, and export sales up 151% year on year, upholding its three core tags of "trendy, individual and sporty." Since August, sales have stabilized and grown month on month; the Lynk & Co 07 GT exceeded 10,000 deliveries two months after launch, and the all-new Lynk & Co 20 received more than 14,600 firm orders within one hour of launch, with new products receiving positive market feedback. In the fourth quarter, the all-new Lynk & Co 900L will also make its official debut.

The Galaxy brand broadened its categories and secured a firm position in the first tier of mainstream new energy, with sales of 877,000 vehicles in the first three quarters, shifting from a single model to multi-model drivers and achieving significant structural growth. The Geely Xingyuan reached 1 million units rolled off the line two years after launch, firmly ranking first in China's all-category passenger vehicle sales; the Galaxy E5 and Starship 7 formed the second growth pillar; the Galaxy TT exceeded 10,000 deliveries within 30 days of launch; and the Galaxy Battleship 700 received more than 10,000 firm orders within 12 minutes of launch, opening up incremental markets in new categories and further filling out Galaxy's mid-range high-value products.

Geely China Star grew against the trend, with sales of 874,000 vehicles in the first three quarters, market share continuing to rise, and it remained the top-selling independent brand in China's fuel and hybrid vehicle segment for the tenth consecutive year. China Star is steadily advancing full HEV adoption, with five models including the Xingyue L and Xingrui L PLUS already equipped, actively shifting gears and accelerating for the brand, and it plans to complete overseas launches in the first quarter of next year to help achieve the annual sales target of one million. High-quality overseas expansion accelerated again, with globalization layout advanced in depth.

In the third quarter, Geely Auto's overseas growth was strong, making it the fastest-expanding Chinese automaker overseas this year. In the first three quarters, overseas sales surged 169% year-on-year to 798,000 vehicles, with new energy accounting for 61%. From June to September, monthly sales exceeded 100,000 for four consecutive months, laying the foundation for sprinting toward the 1 million export target. Subsequently, multiple models including the Xingyao 6, Battleship 700, and Lynk & Co 07 GT will successively enter overseas markets to capture global automotive growth opportunities.

Behind the rapid growth is Geely Auto's clear overseas expansion echelon—Geely expanding scale, Lynk & Co penetrating the mid-to-high-end segment, and Zeekr targeting the luxury segment. Multiple models including the Geely E2, Geely EX5 EM-i, Geely EX5, Lynk & Co 08, Zeekr 7X, Zeekr X, and Zeekr 009 topped sales in their respective segments. Growth momentum has upgraded from a single hit model to a matrix synergy, solidifying the foundation for high-quality overseas expansion.

At the same time, Geely Auto continues to advance its localization layout and "industrial symbiosis" overseas expansion model. It has now built a localized manufacturing network covering five major regions: ASEAN, Europe, South America, Eastern Europe, and Central Asia. In the third quarter, it acquired a partial stake in Ford's Spanish plant, Volvo became Lynk & Co's exclusive distributor in Europe, and the first locally produced model of Renault Geely Brazil rolled off the line. By responding to global trade frictions and domestic and international policy changes with openness and sharing, it is steadily advancing high-quality overseas expansion and entering the million-level overseas sales scale.

Under the guidance of the "123456" strategy, Geely Auto will focus on five key markets and continue to deepen its global industrial layout. It plans to build an integrated overseas system within 2-3 years and create a market landscape of 600,000 vehicles in Pan-Europe, 500,000 in ASEAN, 400,000 in Latin America and Africa, 300,000 in Eastern Europe, and 200,000 in Central Asia and the Middle East. Among these, Europe, as a core strategic market, is expected to reach a channel network of 1,000 stores by the end of the year, and the joint venture plant with Ford will also start production in the second half of next year, further expanding European production capacity and localization. Geely has forged a differentiated globalization path—not only product exports, but also systemic overseas expansion—completing a key leap from single-point breakthroughs to multi-region synergy and from single models to the blooming of the full lineup, officially entering a new stage of comprehensive explosion across "multiple countries, multiple products, and multiple capabilities." Full-domain AI-driven, with continuous innovation in new energy and intelligent technologies

Currently, AI agents are becoming a brand-new vehicle entry point, and the industry's competitive focus is shifting from single-point technology to overall systems. Geely has taken the lead in proposing the "smart car full-domain AI" technology system, building a platform architecture centered on "1+2+N," and based on the WAM world behavior model, achieving integration in areas such as intelligent driving, cockpit, and chassis. Implemented in the third quarter, Geely achieved new technology deployment in areas including electric drive, batteries, smart charging, and off-road architecture.

In September, Geely Auto launched an industry-leading megawatt-level smart charging solution, with single-gun peak power reaching 2.25 megawatts, setting a new industry standard for faster and safer charging. In energy replenishment, Geely is actively building an integrated energy replenishment ecosystem of "people, vehicles, piles, cloud, network, and storage," planning to build 6,000 smart charging stations and more than 20,000 smart charging guns by the end of 2026; by the end of 2027, it plans to build more than 22,000 charging stations and more than 100,000 charging guns, including more than 15,000 Geely smart charging stations and more than 50,000 smart charging guns, taking the lead in achieving "county-by-county" coverage and continuously enhancing market competitiveness and user experience. At present, Geely and NIO have reached a comprehensive strategic cooperation, with deep opening, sharing, and industrial synergy in the charging and battery swap fields, jointly improving the coverage and operational efficiency of the charging network.

To date, Geely Auto continues to accelerate the deployment of AI capabilities, with intelligent technologies being scaled onto vehicles. Qianli Haohan assisted driving has accumulated more than one million users, 3.14 billion kilometers of driving mileage, an activation rate of 93.9%, and more than 12.18 million cumulative hazard avoidances; the Flyme Auto in-vehicle system has surpassed 1.326 million installations, with global users exceeding 3.59 million. In the fourth quarter, Qianli Haohan G-ASD will undergo a comprehensive upgrade, supporting urban roaming NOA, end-to-end AEB, and natural voice vehicle control, driving intelligent driving from "usable" to "loved," and accelerating the global scaled rollout of full-domain AI 2.0. Dual-driven by new model effects and overseas volume growth, high-quality sustained and steady growth

In the fourth quarter, Geely Auto will focus on technology deployment and overseas market expansion. Leveraging the synergy of its four major brands—Geely China Star, Galaxy, Zeekr, and Lynk & Co—it will launch multiple models including the Galaxy M8, Lynk & Co 900L, 2027 Zeekr 7X, Xingrui L PLUS, and Xingyue L PLUS, actively positioning itself in high-growth global markets, continuously promoting steady sales growth, and maintaining steady progress in high-quality development.

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