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Geely Q4 Earnings Boosted by Zeekr

Geely's Q4 2025 revenue hit 1057B RMB, up 22% YoY, driven by Zeekr's 52% sales surge to 53k units led by premium 9X model. Heavy R&D spend on city NOA, smart cockpits, and chips squeezed profits despite margin gains. 2026 targets 345万 total sales with 64% NEV penetration and overseas push.

虎嗅Media•Mar 18#ev-sales#autonomous-driving#r-d-investment

Li Auto Slumps as Range Extender Peaks

Li Auto faces sales drop and profit pressure in 2025, with Q4 revenue down 36% due to price cuts and model shifts. Extended-range EVs lose edge to rivals; pure EV struggles amid internal competition. Company pivots to store reforms, AI R&D, and humanoid ambitions.

虎嗅Media•Mar 17#ev-sales#ai-investment#humanoid-robots