Zeekr’s Privatization Will Save “Several Billion Yuan” in R&D · TechNode

Zeekr’s privatization will save “several billion yuan” in R&D · TechNode

China’s Geely can save “several billion yuan” each year by taking its New York-listed subsidiary Zeekr private and “fully” integrating the luxury electric vehicle unit with its Hong Kong-listed mainstream car business, Daniel Li, chief executive of Geely Holding Group said on Thursday (our translation).Speaking to investors during Geely’s first-quarter earnings conference, the company’s management explained the reasons behind its bold, abrupt pl…

Alex Nan named new CEO of Geely Auto International

Geely Auto Group has announced the appointment of Alex Nan as CEO of Geely Auto International Corporation (GAIC) to lead the company’s global growth strategy, which includes overseeing all international operations and market expansion. Geely currently has operations in over 80 countries and regions, serving more than 1.3 million international customers. In addition to his new role, Nan also holds the positions of vice president of Geely Auto Gro…

Geely Auto's Q1 Net Profit Surges 264%, Says Group-Wide Efficiency to Exceed 5% After Zeekr Merger - YT FINANCE

Geely Automobile Holdings (00175.HK) reported revenue of RMB 72.495 billion for Q1 of 2025, a year-on-year increase of 25%, and profit attributable to shareholders was RMB 5.672 billion, surging 264%.

Geely profits surge on record sales as reshuffle underway

Geely Automobile Holdings, the Hong Kong-listed unit of billionaire Li Shufu’s sprawling auto empire, said that first-quarter profit surged as sales climbed and it continued on a cost-cutting drive to stay on top of China’s ultra-competitive car market.

Geely Automobile’s Profit More Than Tripled on Record Sales

The Chinese automaker said it achieved record sales in the first quarter and saw robust growth in the new-energy business.