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Geely Earnings Beat Estimates on Strong Sales and Cost Cutting

Geely Automobile Holdings Ltd.’s full-year profit beat analyst estimates after the carmaker increased sales volumes and reduced costs to better compete in the cut-throat Chinese market.



Geely's full-year profit tripled, surpassing analyst expectations, due to a 32% increase in vehicle sales (reaching 2.1 million units), cost reductions, and a focus on consolidation.

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