top of page

Geely’s 2024 Profit Jumps 213%, Fueled by Strong EV Sales and Asset Disposals


Photo by FMT
Photo by FMT

Summary


  • Geely’s profit in 2024 surged by 213%, reaching 16.6 billion yuan, driven by strong electric vehicle (EV) sales and asset disposals.

  • The company sold 2.18 million vehicles in 2024, including 1.76 million on the mainland and 414,522 exports.

  • Geely’s sales grew by 34%, totaling 240.2 billion yuan, and it announced a dividend increase.


 

Geely, China’s second-largest carmaker, has reported a remarkable profit surge in 2024, with a 213% increase year-on-year, reaching 16.6 billion yuan (US$2.3 billion). The company’s success was propelled by a significant boost in electric vehicle (EV) sales and a notable gain from asset sales, positioning Geely for further growth in the highly competitive automotive market.

Want to read more?

Subscribe to thechinanow.com to keep reading this exclusive post.

bottom of page