Skip to main content

Geely Auto Reports Record H1 2026 Revenue of RMB 173.6 Billion; Core Profit Attributable to Owners of the Parent Rises 46%

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

  • Revenue reached an all-time first-half high of RMB 173.6 billion (up 15% YoY).
  • Core profit attributable to owners of the parent rose 46% to RMB 9.68 billion.
  • Total vehicle sales volume hit 1.42 million units, supported by strong performances across Geely Galaxy, Geely China Star, Lynk & Co and Zeekr.
  • Export volume surged 158% YoY to more than 474,000 units, prompting an increased 2026 exporting target of 920,000 units.

HANGZHOU, China, Aug. 17, 2026 (GLOBE NEWSWIRE) — Geely Automobile Holdings Limited (0175.HK, “Geely Auto”) today announced its financial results for the first half of 2026, reporting record sales of more than 1.42 million vehicles. Revenue exceeded RMB 170 billion for the first time, rising 15% year on year to 173.6 billion and marking the group’s sixth consecutive year of first-half revenue growth. Core profit attributable to owners of the parent increased 46% year on year to RMB 9.68 billion, outpacing revenue growth. Gross margin rose to 17.9%, while core profit per vehicle increased 45% year on year to RMB 6,806. The group’s liquidity position remained strong. As of June 30, 2026, funding reserve stood at RMB 69.56 billion, close to a historical high.

7ab271d3490cde605d9301bfcd8ea89b

Geely Galaxy series sold nearly 520,000 vehicles, solidifying its rank among the world’s leading new-energy vehicle brands. Geely China Star series recorded sales of more than 580,000 units. Zeekr sold more than 178,000 vehicles, accounting for approximately 12.5% of total group sales volume. Lynk & Co continued its solid momentum with sales over 144,000 vehicles.

Geely Auto continued to accelerate its R&D and product initiatives. Total H1 R&D expenditure rose 8% year on year to RMB 9.06 billion, while the R&D expenditure ratio decreased by 0.3 percentage points to 5.2% due to enhanced operational efficiencies. Looking into the second half of 2026, the group will reshape the C-segment AI electric sports sedan market with the introduction of the Geely TT and enter the rugged off-road category with the Geely Zhanjian 700. In parallel, Geely will accelerate the electrification of its ICE lineup through advanced HEV technologies, targeting monthly sales of over 30,000 i-HEV units by year-end and an annual sales target of one million units for the Geely China Star series, laying the groundwork for international i-HEV rollouts in 2027.

International expansion served as a major growth engine, with H1 export volume reaching 474,000 units outside China—a 158% year-on-year surge that surpassed the company’s full-year 2025 export volume of 420,000 units. Following monthly export exceeding 100,000 units in both June and July, Geely Auto has raised its 2026 export target from 640,000 units to 920,000 units, with a full-year aspiration of approaching one million units. To sustain high-quality global growth, the group is deploying a partnership-led globalization strategy alongside Volvo Cars, Proton, Renault Group, and Ford across local manufacturing, R&D, and supply chains. In addition, Geely has unified its engineering teams in Sweden and Germany to shorten product rollout cycles between China and global markets. The group currently operates across 114 overseas markets, with an international retail and service footprint exceeding 2,000 locations. In the premium segment, the Zeekr 9X is slated to enter additional overseas markets.

About Geely Auto Group

Geely Auto Group is a leading global automotive company headquartered in Hangzhou, China. Part of Zhejiang Geely Holding Group, Geely Auto Group develops and manufactures passenger vehicles under the Geely, Lynk & Co, and Zeekr brands.

With a strong focus on technology innovation, electrification, and sustainable mobility, Geely Auto Group operates world-class R&D centers and manufacturing facilities across China, Europe, and key international markets. The Group is committed to delivering safe, high-quality, and intelligent vehicles enabled by advanced technologies such as hybrid powertrains, full-electric architectures, smart connectivity, and autonomous driving systems.

As a global company, Geely Auto Group continues to expand its international presence through strategic partnerships, localized operations, and industry-leading platforms. Geely strives to create mobility solutions that are greener, smarter, and more accessible, driving forward the future of sustainable transportation.

Media Contact
Company: Geely Automobile Holdings (HangZhou) Co.Ltd
Contact Person: Geely Auto Group Media Relations Janet Chen
Email: media@geely.com
Website: global.geely.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e98294ef-947d-4043-8e2c-93b94d1a0aac

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.