Geely Automobile Holdings financial performance and NEV sales outlook 2025–2026

Geely Automobile Holdings delivered a stable financial performance in 2025, balancing strong revenue growth with flat profit levels amid shifting market conditions. The company reported a net profit attributable to shareholders of 16.85 billion yuan, slightly exceeding market expectations while remaining nearly unchanged year-on-year. Despite profit stability, the automaker demonstrated resilience through record-breaking revenue and robust vehicle sales, reinforcing its competitive position in both domestic and international markets.

Revenue Growth and Sales Performance

The company achieved total revenue of 345.23 billion yuan in 2025, marking a significant 25% increase compared to the previous year. This growth was supported by strong vehicle demand and an expanding product portfolio. Total vehicle sales reached 3,024,600 units, surpassing the revised annual target of 3 million units. However, momentum slowed toward the end of the year, particularly in December, when market conditions weakened and impacted overall performance.

Impact of Policy Changes on Year-End Sales

The slowdown in late 2025 was partly attributed to policy shifts in China, where vehicle trade-in subsidies were suspended in major cities starting mid-November. This policy adjustment affected consumer demand across the broader automotive sector, leading to softer sales figures during a critical period. The decline highlighted the industry’s sensitivity to government incentives, especially in a market heavily influenced by regulatory support.

2026 Sales Targets and NEV Strategy

Looking ahead, Geely has set an ambitious sales target of 3.45 million vehicles for 2026, representing a 14% increase over 2025. A key pillar of this growth strategy is the expansion of new energy vehicles, with the company aiming to sell 2.22 million NEVs, reflecting a 32% year-on-year rise. This focus aligns with broader industry trends toward electrification and positions the automaker to capture growing demand in the EV segment.

Export Growth and Market Expansion

Exports have emerged as a major growth engine for Geely, particularly in early 2026. In February, the company recorded total sales of 206,160 units, achieving modest growth despite seasonal weakness during the Chinese New Year period. Overseas shipments surged by 138% to 60,879 units, highlighting the increasing importance of international markets in the company’s expansion strategy. This shift indicates a deliberate move to diversify revenue streams beyond domestic demand.

Brand Performance and Portfolio Dynamics

Geely’s premium and lifestyle-oriented brands, including Zeekr and Lynk & Co, played a crucial role in supporting overall sales growth. Zeekr recorded a strong 70% increase in deliveries during February, demonstrating growing acceptance of premium electric offerings. In contrast, the core Geely brand experienced pressure, with sales declining by 10.77%. This divergence underscores a broader transition within the company toward higher-value and electrified segments.

The company’s evolving portfolio strategy, combined with strong export growth and an aggressive push into electrification, positions it to navigate industry challenges while pursuing long-term expansion in both domestic and global markets.