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01.09.26 - 09:06
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BYD widens overseas lead over Geely, but profits still lag (Digitimes)
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BYD and Geely Auto were nearly neck and neck in vehicle sales in the first quarter of 2026, raising expectations of a close contest between China's two leading new-energy vehicle makers. The gap widened sharply in the second quarter, however, largely because BYD sold more vehicles overseas. Even so, stronger international sales have yet to reverse the company's profit decline....
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17.08.26 - 13:36
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Billionaire Geely Auto head Li Shufu steps down as profit slips (SCMP)
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Chinese billionaire Li Shufu has relinquished his role as chairman of Geely Auto, describing the planned succession as the foundation for the future sustainable growth of the country's second-largest carmaker.
Li, the 63-year-old founder of the automotive group, announced his resignation just after Hong Kong-listed Geely reported record first-half revenue in China's cutthroat car market on Monday.
Andy An Conghui, 56, an executive director, would fill in the vacancy left by Li, effective on......
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13.05.26 - 09:30
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Chinese brands eye Europe; Geely joins Chery and BYD in profit slide: 7 EV reads (SCMP)
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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
1. From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets
For German consumer Erik Böhme, a first visit to the Beijing auto show was an eye-opener – the world's largest car exhibition showcased a vast array of electric vehicle (EV) brands, many already gaining......
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04.05.26 - 13:01
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Chinese EV sales edge higher in April despite weakening domestic demand (SCMP)
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Chinese electric vehicle (EV) makers – including BYD and Geely Automobile – saw their sales stabilise in April, as exports and new technologies continued to help offset weakening demand at home.
BYD, the world's largest EV manufacturer, sold 321,123 vehicles last month, a drop of more than 15 per cent compared to a year ago, according to its exchange filing on Sunday.
However, compared with March, April's sales figure was nearly 7 per cent higher, while the year-on-year decline was nearly five......
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30.04.26 - 02:30
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Geely joins Chery, BYD in profit slide as reduced incentives decimate China car sales (SCMP)
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Geely Automobile Holdings, Chery Automobile and BYD, the most profitable listed Chinese carmakers last year, all reported double-digit declines in net profit in the first quarter, highlighting a squeeze at home amid reduced purchase incentives.
Hangzhou-based Geely, the country's second-largest carmaker behind BYD, said in a filing on Wednesday that its net profit for the January-March period slid 27 per cent year on year to 4.17 billion yuan (US$610 million).
The profit slump came even as......
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