- Geely Auto reported a flat net income of 16.85 billion yuan ($2.45 billion), which still beat analyst estimates.
- Geely delivered a total of 3.02 million vehicles in 2025 and set its 2026 sales target at 3.45 million units.
Geely Automobile Holdings reported a 2025 net profit attributable to shareholders of 16.85 billion yuan ($2.45 billion), remaining largely flat from the previous year but beating the 16.5 billion yuan estimate in a Bloomberg survey.
The auto giant's total revenue for 2025 jumped 25% to a record high of 345.23 billion yuan, according to its financial report released Wednesday.
Geely sold a total of 3,024,600 vehicles in 2025, exceeding its revised full-year sales target of 3 million units.
| Year | Sales |
|---|---|
| 2020 | 1,320,217 |
| 2021 | 1,328,029 |
| 2022 | 1,432,988 |
| 2023 | 1,686,516 |
| 2024 | 2,176,567 |
| 2025 | 3,024,567 |
Notably, the company experienced a significant sales slowdown in December, which impacted its overall growth momentum at the end of the year.
The year-end sales weakness was partly due to the suspension of vehicle trade-in subsidies in major Chinese cities starting in mid-November, dealing a blow to the broader industry.
The company's sales target for 2026 is set at 3.45 million vehicles, representing a 14% increase.
Geely Auto aims to sell 2.22 million new energy vehicles (NEVs) in 2026, marking a 32% increase from the previous year.
In the most recent month of February, Geely saw its total sales buck the trend to grow by about 1% to 206,160 units during the traditional Chinese New Year holiday lull, amid an overall market decline.
Record-breaking exports became the core growth engine, as overseas shipments surged 138% to reach 60,879 vehicles during the month.
Premium and personalized brands Zeekr and Lynk & Co emerged as key drivers of overall sales, offsetting an unexpected decline faced by the main Geely brand.
Zeekr deliveries jumped 70% in February, while the main Geely brand faced pressure with a 10.77% drop in sales.
($1 = 6.8809 yuan)
