GEELY Auto Posts Record H1 2026 Revenue of ¥173.6B, Sales Top 1.42M Units

On August 17, GEELY Auto Holding Limited (0175.HK) released its interim financial results for 2026. The company reported total revenue of ¥173.6 billion RMB for the first half of 2026 — a 15% year-on-year increase and the sixth consecutive year of steady growth. Core attributable net profit reached ¥9.68 billion, up 46% YoY; gross margin improved to 17.9%; and average revenue per vehicle rose to ¥112,000, up 16% YoY.

In terms of sales volume, GEELY Auto delivered over 1.42 million vehicles in H1 2026. Overseas performance stood out notably: exports totaled 474,000 units — exceeding its full-year 2025 export volume — and surged 158% YoY, ranking first among mainstream Chinese automakers. Monthly overseas deliveries exceeded 100,000 units consecutively in June and July, lifting GEELY Auto to third place among Chinese automakers in overseas sales volume. Buoyed by this momentum, GEELY Auto has raised its full-year 2026 overseas sales target from 640,000 to 920,000 units — aiming for the symbolic milestone of one million.

To support its global strategy, GEELY Auto employs an 'industrial symbiosis' light-asset overseas expansion model, deepening collaboration with international partners including Volvo, Proton, Renault, and Ford. As of end-June 2026, it operated 12 overseas manufacturing plants with combined capacity exceeding 650,000 units annually — set to surpass 840,000 units by year-end. Its overseas offline retail network now exceeds 2,000 outlets, covering 114 core markets and 17 emerging markets.

Brand portfolio optimization continues under the 'One GEELY' strategy, enabling focused resource allocation and synergistic development across four brands. Zeekr delivered over 178,000 units in H1 2026 (12.5% of total volume), contributing 31.7% of group revenue, with an average transaction price of approximately ¥350,000. LYNK&CO sold 144,000 units, reinforcing its youthful, sporty identity. Galaxy achieved nearly 520,000 units, with particularly strong overseas growth. The China Star series surpassed 580,000 units, accelerating HEV hybridization — with i-HEV powertrains slated to roll out across flagship models Preface, Geely MonjaroL, Geely Emgrand, and Geely AtlasL this year, targeting over 30,000 monthly i-HEV sales by year-end.

R&D investment also intensified: H1 2026 R&D spending reached ¥9.06 billion, up 8% YoY. Under the 'Smart GEELY 2025' strategy, GEELY Auto has built full-stack capabilities spanning chips, large AI models, Physical AI, intelligent driving, smart cockpits, energy systems, and safety — and introduced the '1+2+N' multi-agent collaborative framework. In H2 2026, it will launch the upgraded WAM World Behavior Model, the next-generation Qianli Haohan G-ASD system, an AI-powered off-road architecture, and a full-terrain AI digital chassis.