[Hangzhou, China, May 15, 2025] Geely Automobile Holdings Limited (referred to as "Geely Automobile") (0175.HK) released its first quarter 2025 financial report. In the first quarter, Geely Automobile achieved operating revenue of 72.5 billion, a year-on-year increase of 25%. Net profit attributable to shareholders was 5.67 billion, a year-on-year increase of 264%, with profitability significantly improved.
With the improvement of new energy profitability and the release of scale effects, in the first quarter, the company's total gross profit increased significantly to 11.4 billion yuan, with a gross profit margin of 15.8%.
Under the deepened strategic guidance of the "Taizhou Declaration," Geely Automobile accelerated its comprehensive transition to new energy. In the first quarter, Geely Automobile sales reached 704,000 units, setting a historical high, a year-on-year increase of 48%, completing 26% of the full-year sales target of 2.71 million units, with the sales target completion rate ranking among the top in the industry. Geely's new energy products (including Geely, Lynk & Co, and Zeekr) achieved sales of 339,000 units in the first quarter, with domestic new energy penetration exceeding 50%, firmly ranking in the first tier of new energy brands.
New energy enters a strong product cycle, with sales exploding across the board
In the first quarter, the Geely Galaxy series was officially upgraded to the "Geely Galaxy Brand," with quarterly sales of nearly 260,000 units, a year-on-year increase of 214%, with its models continuously selling well. Among them, the Geely Xingyuan exceeded 35,000 units in monthly sales for two consecutive months, and with terminal sales of 117,000 units, became the cumulative all-category sales champion from January to April. The Geely Galaxy E5 and Geely Galaxy Starship 7 EM-i both stably exceeded 10,000 units in monthly sales, continuing to lead the A-class pure electric SUV and A-class hybrid SUV segments. Currently, the Geely Galaxy brand's product matrix already includes the premium compact car series, mainstream premium car series, and high-end MPV series, covering multiple new energy categories such as sedans, SUVs, MPVs, and rugged off-road vehicles. Through technological breakthroughs, product renewal, and value reconstruction, Geely Galaxy has demonstrated strong growth momentum. As of the end of April, total sales have exceeded 930,000 units, and it is expected to become the fastest new energy brand to surpass one million in sales.
The Lynk & Co brand's new energy transformation has progressed steadily upward, with first quarter sales exceeding 72,000 units, a year-on-year increase of 19%, of which new energy sales were 38,000 units, accounting for 52%. The Lynk & Co 900 was officially launched, with over 30,000 firm orders, and deliveries continue to climb, which will further boost brand sales in the future.
The Zeekr brand's competitiveness in the luxury new energy market has further improved, with first quarter sales exceeding 40,000 units, a year-on-year increase of 25%. It successively launched two all-new models, the Zeekr 007GT and the Zeekr 009 Glory Collector's Edition. The Zeekr 9X made its global debut at the Shanghai Auto Show and will be launched in the third quarter. Among them, the Zeekr 007GT achieved 10,000-unit rollout and delivery in its first month on the market, and the Zeekr brand has become a leader in China's high-end luxury segment.
Under the strategic guidance of the "Taizhou Declaration," Geely, Geely Galaxy, Lynk & Co, and Zeekr actively responded to the call for synergy and accelerated strategic integration. On May 7, Geely Automobile announced plans to acquire all issued shares of Zeekr. If the transaction is completed, Zeekr will achieve full merger with Geely Automobile. In the future, each brand will actively participate in market competition by focusing on user needs and clear brand positioning, and through collaborative cooperation in supply chain and manufacturing, sales channels, and other aspects, fully leverage scale effects and systemic advantages.
Intelligentization achievements enter the harvest period, technology drives high-quality development
After this strategic integration, each brand will deepen collaboration in the field of research and development technology to further enhance the core competitiveness of its products. At the same time, the "Smart Geely 2025" strategy has entered its final year, and Geely's intelligentization achievements are gradually moving from the investment period into the harvest period, with high-value technologies accelerating mass production and installation.
In the field of intelligentization, Geely launched the group's unified Qianli Haohan intelligent safety assisted driving system, which has the industry's largest software and hardware bandwidth, with five different levels of solutions, with a minimum standard of over 100TOPS computing power, covering the group's full range of models at different price points, and can meet the differentiated demands of different users. Currently, Qianli Haohan intelligent assisted driving has already been equipped on the Geely Galaxy Starship 8 and the all-new Geely Galaxy E8. In the future, all new and facelifted products of the Geely Galaxy brand will be equipped with different levels of Qianli Haohan intelligent assisted driving solutions.
Currently, Geely has become the world's only automaker to complete a full-domain AI intelligentization layout. Front-end AI technological achievements such as the GEA intelligent new energy architecture, Thunder Super Hybrid, Xingrui AI Cloud Power, and AI Galaxy Elf have been applied across the full domain of intelligent vehicles, including architecture, powertrain, chassis, and cockpit.
In the field of three electric systems, Geely officially released the Shen Dun Golden Brick battery brand, achieving the "powerful combination" of Geely's self-developed and self-produced battery safety system and battery cell products. Existing products include the Golden Brick Battery Cell Super Fast Charging Edition (800V and above battery cells), the Golden Brick Battery Cell High Energy Density Edition (400V battery cells), and the Golden Brick Battery Cell Super Hybrid Edition (hybrid battery cells). In the future, industry-leading battery cell products will be successively launched in areas such as super fast charging, high energy density, and super hybrid, comprehensively empowering models of all brands.
Overseas growth remains steady, ESG performance receives authoritative recognition
In an environment of increasingly fierce competition in the global automotive market, Geely Automobile continuously enhances its international market competitiveness by optimizing its product layout and expanding key markets. In the first quarter of this year, the group's cumulative export sales were 89,953 units.
The Geely brand continues to deepen its strategic layout in the Middle East, Asia-Pacific, Africa, Latin America, Europe, and other regions, launching 10 high-value models in key markets such as Saudi Arabia and Australia. Among them, the Geely International EX5 debuted in 7 countries and is planned to be launched in more than 20 overseas markets this year. As of the end of March, Geely's global sales and service network has covered more than 900 outlets in 86 countries, further expanding brand influence.
The Lynk & Co brand further expanded its market scale in Europe. In February 2025, the Lynk & Co 08 EM-P officially entered Europe, becoming Europe's first plug-in hybrid model with pure electric range exceeding 200 km (WLTP conditions), further enriching Lynk & Co's overseas product matrix. As of the end of April 2025, Lynk & Co has established a presence in 39 overseas markets and opened 108 stores.
The Zeekr brand has become a "new global calling card" representing China's new energy vehicles. The Zeekr 009 has become the best-selling luxury MPV in Hong Kong, and Zeekr's first "800V global car," the Zeekr 7X, will begin deliveries in Europe. As of the end of April 2025, the Zeekr brand has entered more than 40 countries and regions worldwide, with nearly 500,000 global users.
In addition to brand internationalization, Geely Automobile is also using ESG performance to further enhance its international influence. In 2024, Geely Automobile achieved an 18% reduction in carbon emissions per vehicle over the lifecycle compared with the 2020 baseline year through diversified measures such as energy "regeneration," product "energy saving," material "recycling," and technological "innovation," and has 12 green factories and 11 zero-waste factories, becoming the only automaker selected among the first batch of national "zero-waste enterprises." It has received excellent ESG ratings from multiple authoritative domestic and international institutions, including the "Excellent" rating in Caijing's Dual Carbon Leadership for three consecutive years, ranking eighth in the "China ESG Listed Companies Pioneer 100" list for two consecutive years and remaining first among Chinese automakers, as well as obtaining the internationally most authoritative MSCI ESG rating of AA, being selected for the Hang Seng Corporate Sustainability Index for two consecutive years, and receiving ISS ESG industry excellence and first among Chinese automakers, fully confirming Geely Automobile's benchmark position in ESG among Chinese automakers.
In the first quarter of 2025, Geely Automobile achieved breakthrough progress in both new energy and intelligentization, with scale effects continuing to emerge and revenue steadily increasing. Looking ahead, Geely Automobile will continue to be guided by the "Taizhou Declaration," continuously advance strategic focus and integration, provide users with safer and smarter mobility experiences through "technology equality," and move toward the goal of becoming a globally leading smart electric vehicle group.
