Geely, Chery Hit Record Revenues in 2025; Zhuoyu Plans Hong Kong IPO

On March 18, Geely Automobile announced its 2025 financial results: total revenue reached RMB 345.2 billion, up 25% year-over-year, setting a new record high; core net profit attributable to shareholders amounted to RMB 14.41 billion, an increase of 36% year-over-year. In the same period, Chery Automobile reported revenue of RMB 300.29 billion, up 11.3% year-over-year, and net profit of RMB 19.51 billion, surging 36.1% year-over-year. Its new energy passenger vehicle sales reached 826,500 units, a sharp 72.5% year-over-year increase. Additionally, autonomous driving company Zhuoyu Technology is advancing its pre-IPO funding round, aiming to raise approximately RMB 2 billion, with plans to list in Hong Kong later this year. The company previously secured a strategic investment exceeding RMB 3.6 billion from FAW Group.