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14.08.25 - 12:06
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Tycoon Li Shufu′s Geely Auto posts first-half profit drop, but beats estimates (SCMP)
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Geely Auto, mainland China's second-largest carmaker, reported a 14 per cent drop in first-half profit even as revenue surged on sales of electric vehicles (EVs) to budget-conscious consumers aided by heavy discounts.
Profit for the January to June period came in at 9.3 billion yuan (US$1.3 billion) versus 10.8 billion yuan a year earlier based on international accounting standards, according to a filing to the Hong Kong stock exchange on Thursday. The profit exceeded the 7.6 billion yuan......
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09.07.25 - 13:54
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Chinese EV maker Zeekr plugs in to hybrids to tap into soaring sales (SCMP)
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Zeekr, a premium electric vehicle (EV) unit of Geely Auto, has jumped on the hybrid technology bandwagon to widen its customer base amid rising competition in the world's largest automotive market.
The Hangzhou-based company has become the latest mainland Chinese EV assembler to launch plug-in hybrids, leaving Shanghai-headquartered Nio as the only domestic company making pure EVs.
US carmaker Tesla, which produces cars on the mainland, is another maker of pure EVs.
“Nearly all Chinese carmakers......
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02.07.25 - 10:06
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BYD, Geely bank on big discounts to set record car sales, dent smaller rivals (SCMP)
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China's leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals.
BYD, the world's largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China's......
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19.05.25 - 06:01
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Geely bei Absatz und Gewinn deutlich im Plus (Elektroauto-News)
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Die Konkurrenz dürfte recht neidisch nach China blicken: Geely verbucht 25 Prozent mehr Umsatz, 264 Prozent mehr Gewinn und fast 16 Prozent Marge.
Der Beitrag Geely bei Absatz und Gewinn deutlich im Plus erschien zuerst auf Elektroauto-News.net....
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12.03.25 - 05:48
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Geely-Backed ECARX on Growth Outlook, Partnerships (Bloomberg)
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ECARX, an auto technology firm backed by Chinese carmaker Geely, says it is confident about hitting break-even this year. Chairman and CEO Ziyu Shen discusses the company's latest results on "Bloomberg: The China Show." (Source: Bloomberg)...
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