On August 14, Geely Automobile Holdings Co., Ltd. (0175.HK, hereinafter referred to as "Geely Auto") announced its 2025 interim results report, showing that in the first half of the year, the company achieved operating revenue of 150.3 billion yuan, a year-on-year increase of 27%, setting a historical high; net profit attributable to shareholders of the parent company was 9.29 billion yuan. After deducting non-core gains and losses such as net income attributable to shareholders after foreign exchange tax, the core profit attributable to shareholders of the parent company was 6.66 billion yuan, a year-on-year increase of 102%; the total gross profit increased to 24.7 billion yuan, and the gross profit margin reached 16.4%; the total cash level steadily increased to 58.8 billion yuan.
In the first six months of this year, the company's cumulative sales reached 1.409 million vehicles, a year-on-year increase of 47%, significantly exceeding the market average and surpassing 10% market share for the first time. Of this total, new energy vehicle sales reached 725,000, a year-on-year increase of 126%, while export sales exceeded 180,000 vehicles, maintaining a stable performance. Based on this exceptional market performance, Geely Auto has raised its full-year sales target from 2.71 million vehicles to 3 million vehicles.
"One Geely" strategy unleashes synergy
As the first company in the automotive industry to publicly express its stance and call for anti-involution, Geely adheres to open and healthy competition, does not engage in price wars, and deeply promotes the "Taizhou Declaration", implements the "One Geely" strategy, and promotes deep integration and efficient collaboration of internal resources.
Six months after the merger of Zeekr and Lynk & Co, synergies continue to be unleashed. Geely Auto and Zeekr Technology signed a merger agreement to further strengthen collaboration in technology, supply chain, manufacturing, marketing and service, and international expansion, achieving a comprehensive presence in the mainstream, mid-to-high-end, and luxury markets.
New energy sales have seen explosive growth
In 2025, Geely's new energy vehicle models in various market segments will be launched frequently, and the explosive growth of the new energy sector will become the most eye-catching growth pole.
In the first half of the year, Geely Auto's three major brands achieved combined sales of over 725,000 new energy vehicles, achieving a new energy penetration rate of 51.5%, firmly placing it in the top tier of new energy brands. The Geely Galaxy series, after becoming an independent brand, entered a period of strong growth, achieving sales of 548,000 units in the first half of the year, a year-on-year increase of 232%. By the end of July, cumulative sales had exceeded 1.2 million units, with many models becoming market benchmarks.
Zeekr and Lynk & Co have formed a "dual-wheel drive" partnership in the high-end luxury market, becoming the core driving force behind the brand's value growth. Zeekr sold 90,740 units in the first half of the year, breaking the record for fastest delivery of 500,000 luxury electric vehicles. Its MPV, the Zeekr 009 series, achieved top sales in many countries and regions. Lynk & Co sold 154,137 units in the first half of the year, surpassing 1.5 million units in cumulative deliveries on July 16th. Its three-year value retention rate reached 54.58% in the first half of the year, with nine models ranking among the top ten in their respective segments. The Lynk & Co 900 broke through the 350,000 yuan price segment, demonstrating continued growth in brand value.
The overseas product matrix continues to grow
Geely Auto continues to expand its overseas markets. However, due to the impact of the Eastern European market, its overall international performance has been less than satisfactory. Data shows that in the first half of this year, international export sales reached 2.58 million units, an overall increase of over 10 percentage points. However, Geely Auto's export sales in the first half of this year were 184,000 units, a year-on-year decline of 7.7%, a significant gap compared to the industry's 10.3% growth.
However, looking at the brand by brand, in the first half of the year, Geely's global sales network covered 85 countries and regions, with 10 high-value models launched in key markets. The Galaxy E5 International Edition EX5 launched in 26 countries, becoming a global star product. With the start of production at the Egyptian factory and the successful trial production at the Indonesian factory, Geely's localization capabilities continued to strengthen.
Zeekr has over 70 stores in over 40 countries and regions, while Lynk & Co has seven clubs and 58 dealerships in Europe. In the first half of this year, Zeekr topped the luxury car sales charts in Hong Kong and topped the all-electric car sales charts in Kazakhstan. Lynk & Co has entered new markets such as the Dominican Republic and Laos, achieving over 16% local user awareness in Europe. Lynk & Co has shipped over 92,000 vehicles overseas, achieving a significant leap from product to value creation.
In the second half of this year, Geely Auto has been making intensive efforts to launch new products, launching a total of 5 new energy products. With the determination to make each product a hit, it is steadily moving towards its annual sales target of 3 million vehicles.
