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China’s Geely ramps up EV roll-out in bid to catch leader BYD
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TechNode
China’s top maker of internal combustion engine vehicles and second largest EV maker, Geely on Thursday reported solid growth in the first half of 2025 with revenue reaching RMB 150.3 billion ($21 billion), up 27% from a year earlier.
Geely Auto’s average selling price was down by 13% annually to RMB 96,000.
The firm’s Galaxy E5 crossover competes directly with BYD’s Yuan in the entry-level segment, while its small EV Geely Xingyuan rivals BYD’s Seagull hatchback, both at a starting price of less than RMB 70,000.
Geely’s higher-end Zeekr marque also saw flat sales of approximately 91,000 units over the same period, representing only 3% growth from a year ago.
READ MORE: BYD faces strong EV challenge from Geely and Changan in May amid possible regulatory scrutiny
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