Geely Auto Q3 profit jumps 59% on strong EV sales

Investing.com-- Geely Automobile (HK:0175) clocked a sharp increase in its third-quarter earnings on Monday, driven chiefly by strong sales as the automaker steadily ramped up its electric vehicle sales. 

Geely’s profit attributable jumped 59% to 3.82 billion yuan ($540 million) in the three months to September 30, the company said in a filing. 

This was underpinned chiefly by revenue rising 27% to 89.19 billion, while its sales volumes surged 43% to 761,000 units. 

Geely’s sales in the first three quarters of 2025 surged 46% to 2.17 million units, the company had disclosed earlier, with its EV sales more than doubling to 1.17 million units in the period. EV sales also accounted for nearly 54% of overall sales so far this year. 

The sales bump comes amid aggressive pricing and product launches, as Geely pivots further into the EV sector while also attempting to carve out a greater share of the world’s biggest EV market. 

Still, the company could face headwinds in the coming quarters, especially after China phased out several incentives and consumer subsidies for EVs in the September quarter.