Geely Reports Q1 Profit Decline Due to FX Impact, NEV International Sales Rise 100% Year-over-Year
Geely's Q1 net profit fell to 4.17B yuan due to foreign exchange impacts, despite a 15% increase in total revenue to 83.78B yuan. The company achieved a record 709,358 vehicle deliveries and saw a 100% year-over-year increase in NEV international sales.
Topics: automotive industry net profit revenue growth vehicle deliveries