CNBC AI News, August 14th – Geely Automobile Holdings (0175.HK), the Hong Kong-listed automotive powerhouse, announced its impressive first-half earnings today, reporting a 27% year-over-year surge in revenue to RMB 150.28 billion. Net profit also saw a robust performance, landing at RMB 9.29 billion.
During the first six months of the year, Geely moved a total of 1.409 million vehicles, marking a substantial 47% increase compared to the same period last year. This performance propelled the company’s market share to over 10% for the first time.
Electrified vehicle sales were a major growth driver, soaring by 126% to 725,000 units. Exports remained solid, exceeding 180,000 vehicles.
Buoyed by its exceeding market performance, Geely Auto has revised its full-year sales target upwards from 2.71 million to 3 million units. The company plans to introduce five brand-new New Energy Vehicle (NEV) models in the second half of the year, further solidifying its commitment to electrification.
At today’s 2025 Interim Results Presentation, Geely Holding Group CEO, and Vice Chairman & Executive Director of Geely Automobile Holdings, Li Donghui emphasized Geely’s dedication to resisting “involution” (a term referring to unsustainable internal competition) and focusing on strategies built on value, technology, quality, service, branding, and ethical business practices. He advocated for industry openness and healthy competition.
Li highlighted the company’s proactive role in supporting high-quality industrial development by standardizing supplier payment terms to within 60 days, aiming to stabilize the supply chain. Geely remains steadfast in its “user-first” philosophy, promoting safety equity and prioritizing safety through mass-produced AI technology implementations. Further, the company continues to pursue steady operations and integrated synergy, guided by the “Taizhou Declaration” to consolidate internal resources and integration under a unified “One Geely” strategy.
“As the resistance to ‘involution’ progresses, industry competition will become more rational and orderly. Companies like Geely, which adhere to long-term strategies and focus on comprehensive strength, will see their competitive advantages become more prominent,” he predicted.
Furthermore, Gui Shengyue noted that Zeekr, Geely’s premium EV brand, pre-announced product updates and upgrades, along with temporary benefits for existing models, earlier this month. This announcement was generally well-received by both existing and new users. He emphasized that users are understanding, stating that brand loyalty is cultivated by prioritizing user awareness and choice of products over short-term gains.
Another executive noted that due to the rapid developments in smart technology, the pace of product iteration has accelerated. Geely Holding admitted to a failure to adequately communicate future development plans to its users, effectively depriving them of the right to be informed and make choices. Geely Holding has acknowledged these shortcomings, apologized to users who felt “backstabbed,” and has already begun improving its communication processes.
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