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Geely joins Chery, BYD in profit slide as reduced incentives decimate China car sales
Geely Automobile Holdings, Chery Automobile and BYD, the most profitable listed Chinese carmakers last year, all reported double-digit declines in net profit in the first quarter, highlighting a squeeze at home amid reduced purchase incentives. Hangzhou-based Geely, the country’s
First seen · 12:30 AM UTCApril 30, 2026
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