
Geely posts record first-half sales as EVs make up 57% of deliveries
NEV exports reached 277,189 vehicles, soaring 585% from a year earlier and accounting for 58% of total exports.

NEV exports reached 277,189 vehicles, soaring 585% from a year earlier and accounting for 58% of total exports.

Under the agreement, the two companies will collaborate across vehicle smart hardware, core components for new energy vehicles and intelligent manufacturing.

Sales have now risen on both a monthly and annual basis for four consecutive months.

This pivot comes as it seeks to evolve from a ride-hailing operator into a broader physical AI mobility platform.

Li also cautioned against the industry’s growing tendency to compress vehicle development cycles.

The filing also highlights the company’s increasing reliance on Geely. Revenue from Geely-related entities increased from 60.8% of total sales in 2023 to 87.2% in 2025.

The launch marks a significant shift for Waymo, which has historically relied on modified production vehicles, toward a purpose-built platform designed specifically for fully autonomous transportation.

The strongest performance came from premium EV brand Zeekr, which delivered a record 34,377 vehicles in May, up 82% from a year earlier and 8.1% from April.

The company’s Mexican subsidiary will deploy dedicated vehicles and establish pickup points at major airports, including Mexico City, throughout the tournament period.

Repeated filings have highlighted challenges such as Hong Kong’s six-month IPO validity rule, the company’s persistent losses and low margins, and regulatory concerns over its heavy reliance on Geely.