Geely Reports Slight Rise in Annual Profit as NEV Sales Cushion Price Pressure
Geely Automobile posted a modest increase in full-year profit, driven by surging sales of new energy vehicles that helped counteract intense price competition in China. Revenue rose 25% to 345.2 billion yuan while core profit, excluding one-offs, expanded 36%. The company also proposed a higher final dividend and set a 2026 sales target as it steps…