Hong Kong, 29 April 2026 – Geely Automobile Holdings Ltd reported a weaker first-quarter profit as China’s auto industry continued to face softer demand, intense pricing pressure and a more cautious consumer environment.
The Chinese automaker’s profit fell 27% in the first quarter, missing analyst expectations, as the domestic vehicle market slowed following the winding back of government support measures and continued discounting across the sector. The result highlights the pressure facing China’s carmakers, even as the country remains the world’s largest automotive market.
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