Geely Automobile Defies Market Weakness: Profit Increases Due to Strong Sales Figures

The positive development of the Chinese car manufacturer Geely is a ray of hope in an industry facing intense political and competitive challenges. Double-Digit Growth in Q3 Geely Automobile reported a robust Q3 despite strong competition in the Chinese home market. Both net profit and revenue surged significantly, bolstered by effective cost control and solid sales figures. Net profit soared by 59% year-on-year to 3.82 billion Yuan (approximately 538.1 million USD). Revenue increased by 27% to 89.19 billion Yuan, the Hangzhou-based automaker...