GEELY AUTO's Q3 quarterly revenue breaks through 60 billion for the first time, reaching a record high, with the outbreak of new energy accelerating.

On November 14th, Geely Auto Holdings Limited (00175) released its third quarter financial report for 2024. Geely Auto achieved a record high sales volume of 534,000 vehicles in the third quarter, an increase of 18.7% year-on-year; the third quarter revenue reached 60.4 billion yuan, a record high, with a year-on-year increase of 20.5%. Benefiting from economies of scale and improved operating efficiency, core shareholders' attributable profit in the third quarter reached 2.76 billion yuan, an increase of 116% year-on-year, further enhancing profitability. Geely New Energy has entered a period of explosive growth, with new energy sales reaching 546,000 vehicles in the first nine months of the year; in the third quarter, the penetration rate of new energy vehicles in the domestic market exceeded 50%, firmly ranking at the forefront of new energy brands.