Geely Automobile’s core profit attributable to shareholders rose 46.2% year-on-year (YoY) in the first half of 2026, as rapid overseas growth and a shift toward higher-priced vehicles helped offset a sharp decline in domestic sales.
The Chinese automaker recorded core profit of RMB 9.68 billion (USD 1.4 billion) for the six months ended June 30, while revenue increased 14.7% to RMB 173.6 billion (USD 25.8 billion), according to interim results released on August 17.
Geely’s gross profit climbed 25.7% to RMB 31.15 billion (USD 4.6 billion), while its gross margin expanded 1.6 percentage points to 17.9%.
The improvements came even as overall vehicle sales rose just 1% to 1.42 million units.
Geely attributed its stronger financial performance partly to globalization and premiumization, which lifted its average selling price by RMB 15,000 (USD 2,225.7) to RMB 112,000 (USD 16,618.7). A higher proportion of premium and export models also contributed to the improvement in gross margin.
