Geely's Profits Escalate Nearly Fourfold, Propelled by Significant Increase in Sales
Updated Business News on International Companies
The auto industry is heating up, and Chinese automaker Geely is leading the charge with a massive profit boost.
Geely's profits soared in Q1, thanks to a tremendous surge in sales. The company reported a staggering 3.6-fold increase in net profit to 5.67 billion yuan ($786.8 million) compared to the same period last year.
Simultaneously, Geely's revenue skyrocketed by 25% to an impressive 72.5 billion yuan (over $10 billion), and sales volume experienced a staggering 48% increase to 703,800 units.
The automaker attributed this success to record-breaking sales and a booming new energy business, resulting in a significant scale effect and overall profit growth.
In related news, Geely has set its sights on fully acquiring Zeekr, a Chinese premium electric vehicle manufacturer. The move aims to consolidate resources, streamline operations, and tap into long-term value within the Geely group. Geely currently owns roughly 65.7% of Zeekr.
Auto Industry Insights
Geely formally announced a non-binding proposal to take Zeekr private on May 7, 2025. The offer valued Zeekr's outstanding shares and American Depositary Shares (ADSs) at $2.57 per Zeekr share or $25.66 per ADS—a 13.6% and 20% premium over its most recent closing price and 30-day average, respectively. If successful, Zeekr will become a wholly-owned subsidiary of Geely Automobile Holdings and be delisted from the New York Stock Exchange.
Analysts anticipate that this move could limit Zeekr's access to international capital markets but may improve operational efficiency and cost control across Geely's EV brands. Shares of Zeekr jumped nearly 11.5% following the announcement, signaling a positive market reception. Further details on the acquisition and shareholder options will be revealed during Geely's investor briefing scheduled for May 15, 2025. The acquisition's ultimate goal is to integrate Zeekr's assets more fully, enhance synergies, and position Geely as a stronger competitor in the global EV market.
- In finance news, Geely's Q1 profit surge in the auto industry, with net profit almost quadrupling to over $786 million, underscores the importance of investments in education-and-self-development for companies seeking long-term growth and profitability.
- General news reports indicate Geely's plans to fully acquire Zeekr, a premium electric vehicle manufacturer, highlighting how strategic business moves in the education-and-self-development sector can lead to consolidation of resources, streamlined operations, and a stronger presence in the global finance markets.
