Geely Auto's third-quarter 2024 results are in line with expectations, and the new product cycle continues to rise

Geely Auto's performance in the third quarter of 2024 was good and met market expectations. This was mainly due to the company's new product cycle, including sales growth of models such as Galaxy E5, Zeekr 7X and Geely Star Wish. In particular, the Galaxy E5's sales exceeded 13,000 units in the first month, and it is expected that the monthly sales in a stable state can reach 15,000 units, and the gross profit margin is expected to increase to more than 10%. The success of these new products proves that Geely has made significant improvements in controlling market demand and reducing costs through platforms.