Chinese car manufacturers Geely and BYD have released their financial results for the third quarter of 2026, showing significant growth driven by international demand.
Geely Auto reported total revenue of RMB 99 billion for the period between July and September, a 10 percent increase compared to the previous year. The company recorded a core net profit of RMB 5.21 billion, marking a 32 percent year-on-year rise. During this quarter, Geely sold 812,523 vehicles. Exports played a major role in these results, leading the company to increase its annual export target from 640,000 units to 920,000 units.
BYD also announced its Q3 2026 performance, reporting revenue of RMB 221.49 billion, which is a 13.59 percent increase year-on-year. The company’s net profit reached RMB 10.02 billion, representing a 28.08 percent growth. This marks the first time the manufacturer has exceeded the 10 billion yuan profit milestone in a single quarter.
Writes on vehicle pricing, taxation and the Nepali auto market from ongoing tracking of distributor price lists. Editorial policy.
