Geely Holding reported H1 2026 revenue of 173.6B RMB, up 28% YoY, with core net profit up 46%. The group announced it will stop all pure ICE vehicle R&D.
Performance Highlights
| Metric | H1 2026 | YoY Growth | Note |
|---|---|---|---|
| Revenue | 173.6B RMB | +28% | Record high |
| Core Net Profit | — | +46% | Profitability improved |
| NEV Sales | — | +52% | NEV share rising |
| Export | — | +67% | Global strategy working |
Strategic Pivot: Ending ICE R&D
Geely announced it will cease all pure ICE vehicle R&D, redirecting resources to NEV and intelligent vehicles.
Key rationale:
- Market signal: China's NEV penetration exceeds 60%
- Technology ready: Thor hybrid, SEA architecture established
- Cost optimization: Save billions annually in R&D costs
- Global alignment: EU ICE ban timeline
| Tech Route | Product | Platform | Status |
|---|---|---|---|
| PHEV | Galaxy L7/L6 | Thor Hybrid | Mass production |
| BEV | Zeekr 001/007 | SEA | Mass production |
| EREV | Lynk 08 EM-P | CMA Evo | Mass production |
| Battery Swap | Maple 80V | Yiyi Energy | Operating |
Global Acceleration
Geely raised its 2026 export target from 850K to 920K units.
For more insights, visit EX1000.COM.
