China's price war slightly affects Geely's gross profit margin in 1H23

Peng Chen, DIGITIMES Asia, Taipei Wednesday 23 August 2023 0

NEVs account for 22.7% of Geely's overall sales volume in the first half of 2023. Credit: Geely

China-based Geely Automobile's profitability has remained stable in the first half of 2023. While the company saw its revenue grow by more than 25% from 2022, its gross profit margin decreased slightly from 14.6% to 14.4%.

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