Geely Auto Q1 2026 Revenue Up 15%; Net Profit Dips but Core Earnings Rise as Overseas and Zeekr Sales Surge

In the first quarter of 2026, Geely Automobile reported revenue of RMB 83.78 billion, up 15% year-over-year, and net profit of RMB 4.17 billion, down 27% year-over-year. Excluding non-operating factors such as foreign exchange losses, core net profit attributable to shareholders reached RMB 4.56 billion, an increase of 31% year-over-year. Total vehicle sales for the quarter amounted to 709,000 units, up 1% year-over-year. Of this, export sales surged 126% year-over-year to 203,000 units. Sales of the premium electric vehicle brand Zeekr reached 77,000 units, up 86% year-over-year, with an average selling price of approximately RMB 300,000. The rising contributions from overseas sales and higher-end models were key drivers behind the company's improved performance.