Geely Automobile Holdings Limited (“Geely Auto”) (0175.HK) today released its first-quarter 2025 financial results, reporting strong top-line growth, a surge in New Energy Vehicle (NEV) sales, and significant progress in global market expansion.
Revenue for Q1 reached RMB 72.5 billion, up 25% from the same period last year. Net profit attributable to shareholders rose to RMB 5.67 billion, marking a 264% increase year-on-year. The company’s gross profit rose to RMB 11.4 billion, reflecting a gross margin of 15.8%.
Geely Auto sold 704,000 vehicles during the quarter, a 48% year-on-year growth, achieving 26% of its annual sales goal of 2.71 million units.
NEV Segment Drives Growth
Geely’s NEV sales reached nearly 260,000 units in Q1, a 214% increase from the previous year. The Geely Xingyuan led the segment with 117,000 units sold from January to April. Other high-performing models included the Geely E5 and Xingjian 7 EM-i, both exceeding 10,000 monthly sales. Total cumulative NEV sales have surpassed 930,000 units, positioning Geely as a leading contender to hit the one-million milestone in the shortest time among Chinese NEV brands.
Export Gains and Market Penetration
Geely Auto reported export sales of 89,953 units for the quarter. Export growth was particularly strong in the Asia-Pacific region (up 174% year-on-year) and Latin America (up 104.2%). Ten new high-value models were introduced in markets such as Saudi Arabia and Australia. The Geely EX5 launched in seven international markets, with distribution set to expand to more than 20 countries by year-end. Geely’s global network now spans over 900 sales and service outlets across 86 countries.
Alex Nan, Vice President of Geely Auto Group and CEO of Geely Auto International Corporation, commented: “Geely Auto’s overseas growth continues to gain momentum. We will focus on expanding our presence, improving product portfolios, and delivering value-driven, sustainable mobility solutions worldwide.”
ESG Achievements Reinforce Leadership
Geely Auto recorded an 18% reduction in carbon emissions per vehicle lifecycle in 2024 compared to its 2020 baseline. The company was named one of China’s first “Zero Waste Enterprises” and received an AA rating from MSCI’s ESG evaluation. It was also included in the Hang Seng Sustainability Enterprise Index for the second consecutive year, and achieved top-tier scores in the ISS ESG assessment, positioning it as an industry leader in China.
Throughout Q1 2025, Geely made significant advances in intelligent and new energy technologies, contributing to greater operational efficiency and revenue stability. The company remains focused on its strategic goal of delivering innovative, safe, and smart mobility under its “Technology Equality” vision as it moves toward becoming a global leader in intelligent electric mobility.
