Geely Automobile Holdings Limited (“Geely Auto”) (0175.HK) has reported its Q1 2025 financial results, marking a strong start to the year driven by robust revenue growth, a surging New Energy Vehicle (NEV) segment, and continued international expansion.
The company posted a revenue of RMB 72.5 billion for the quarter, a 25% increase year-on-year. Net profit attributable to shareholders rose sharply to RMB 5.67 billion, up 264% compared to Q1 2024. Gross profit reached RMB 11.4 billion, with a gross margin of 15.8%.
Vehicle sales totaled 704,000 units, a 48% year-on-year increase and 26% of the 2025 full-year sales target of 2.71 million units.
NEVs Fuel Record Growth
Geely’s NEV business delivered strong results with sales nearing 260,000 units, representing a 214% year-on-year increase. Key models included the Geely Xingyuan, which recorded 117,000 units sold from January to April, and both the E5 and Xingjian 7 EM-i surpassed 10,000 monthly sales. As of April’s end, Geely Auto’s cumulative NEV sales exceeded 930,000 units, positioning it to become the fastest NEV brand to reach one million units.
Global Expansion Momentum
Geely Auto continues to strengthen its global footprint. Export volume reached 89,953 units in Q1, with significant year-on-year growth in Asia-Pacific (174%) and Latin America (104.2%). Ten new models were introduced in key markets, including Saudi Arabia and Australia. The Geely EX5 has entered seven international markets, with plans to expand into over 20 by year-end. The brand now operates more than 900 sales and service outlets across 86 countries.
Alex Nan, Vice President of Geely Auto Group and CEO of Geely Auto International Corporation, noted: “Our overseas operations have shown resilience with steady market expansion. We are committed to advancing sustainable mobility solutions globally through product innovation and service excellence.”
Commitment to ESG and Technological Innovation
Geely Auto also strengthened its ESG performance. In 2024, the company reduced lifecycle carbon emissions per vehicle by 18% compared to 2020, and was named among China’s first batch of “Zero Waste Enterprises.” The company earned an AA rating in the MSCI ESG assessment and maintained inclusion in the Hang Seng Sustainability Enterprise Index for the second consecutive year.
In Q1 2025, Geely Auto continued to invest in new energy and intelligent technologies, enabling sustained scale and profitability. The company aims to further integrate these advancements to deliver safer, smarter mobility, reinforcing its vision to lead the global transition to intelligent electric vehicles.
