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Geely Automobile Holdings Ltd.  reported  better-than-expected earnings for 2025 , as strong vehicle sales and internal restructuring helped the company close the gap with industry leader  BYD Co. . Earnings Beat Driven by Strong Sales Growth Geely posted  net profit of 16.85 billion yuan (US$2.4 billion) , slightly above market expectations of 16.5 billion yuan. Revenue surged  25% year-on-year to 345.2 billion yuan , supported by strong demand across its vehicle lineup. On an adjusted basis, excluding one-off items,  profit jumped 36% , indicating improving operational efficiency. Vehicle deliveries rose nearly  40% to 3 million units , driven by popular models such as the  EX2 hatchback (Xingyuan) and premium offerings like the  Zeekr 9X SUV , which has led sales in the high-end segment. Market Share Gains Against BYD Geely has been steadily gaining ground on BYD, even  outselling its rival globally in the first two months of 2026 , m...

Key Takeaway: Zeekr will acquire a majority stake in Lynk & Co as Geely Holding restructures its brands to streamline operations and cut costs. Chinese premium electric vehicle maker Zeekr is set to take control of Lynk & Co , a brand co-owned by Geely and Volvo Cars, in a significant restructuring move. Under the deal, Zeekr will buy Volvo’s 30% stake and a 20% stake from Geely Holding , raising its total ownership to 51% with a capital injection , according to sources. This restructuring, part of Geely’s shift from acquisitions to deep integration , aims to improve efficiency and clarify each brand’s market position. Zeekr will lead innovation in electric and connected vehicles within the group, sharing research with brands like Lynk and Polestar. Deal Highlights: Value: Lynk & Co valued at 18 billion yuan (US$2.5 billion) . Timeline: Completion expected by June next year . Sales Growth: Zeekr’s nine-month sales rose 81% to nearly 143,000 units, while Lynk saw a 40...

Key Takeaway: Geely Automobile Holdings Ltd saw a 92% surge in net income for Q3 2024, propelled by strong electric vehicle (EV) and hybrid sales. (Nov 14): Geely, a core asset of billionaire Li Shufu’s auto empire, reported a net income increase of 92% to 2.46 billion yuan (US$340 million) and 20% revenue growth to 60.38 billion yuan in Q3 2024, thanks to a surge in demand for its EV and hybrid models. Geely sold 1.72 million vehicles as of October , up 32% from last year, and is on track to reach its 2 million sales target by year-end, needing only around 150,000 units per month in November and December. EV Success: Sales of EVs and hybrids nearly doubled to 655,000 units, with popular models like the Zeekr premium EV and Galaxy E5 crossover SUV driving demand. Government incentives, including China’s cash-for-clunkers program, further supported EV growth. Export Growth Amid Challenges: Geely’s exports rose 71% in the first 10 months , but face challenges from new tariffs in ...

Chinese battery giant CATL launched its first battery specifically designed for extended-range hybrids (EREVs) on Thursday, capitalizing on the fastest-growing segment in the electrified vehicle market. The new battery, called Freevoy , is the world's first hybrid battery with a range exceeding 400km (249 miles) , according to Gao Huan , Chief Technology Officer for CATL’s electric vehicle business in China. The Freevoy battery is already being used by several Chinese EV brands , including Li Auto , and will soon be installed in models from Geely and Chery . In total, nearly 30 hybrid models are expected to feature the Freevoy battery. EREVs feature larger battery packs than typical hybrids and can run solely on electricity, with a gasoline engine acting as a power source to recharge the batteries when they run low. These vehicles offer longer ranges than full EVs and are often priced lower than traditional gasoline cars, making them increasingly popular among Chinese consum...