Geely Automobile

Geely reported revenue of $97.25 billion for H1 2026, missing the $103.47 billion forecast by 6.01%. At the same time, gross margin improved to 17.9% and profit margin to around 5.6%, driven by stronger premium sales and rapid export growth (Q2 export volume about 270,000 units). Zeekr raised Q2 deliveries to 100,000 units, and the stock rose 4.77% after the results. Management expects at least the Q2 gross margin level for Q3 and plans multiple product launches and higher export volumes to further strengthen margins. » More on de.investing.com

With immediate effect, Li Shufu resigns from his operational role at Geely and is given the title “honorary chairman for life” to make room for professional management and succession planning. An Conghui assumes the chairmanship of the board; Geely thus shifts from a founder-led to a manager-led corporate culture. The group remains controlled by Li, plans no share sales and reports solid half-year figures: 1.4 million vehicles sold, revenue up 15 percent and strong export growth in electric cars; the stock rose by nearly five percent. » More on faz.net

Eric Li is resigning from his operational duties at Geely but will remain chairman of Geely Holding to focus on other business commitments. Andy An takes over as chairman of the board and said he aims to achieve two-thirds of sales outside China in the long term. Geely plans, among other things, to manufacture luxury models of various brands in Volvo factories in Europe and remains a strong competitor to BYD. » More on wiwo.de