Geely Automobile paired a sweeping board and management reshuffle with stronger first-half 2026 results, highlighting both a governance transition and a business model increasingly driven by premium brands and overseas growth. Founder Li Shufu resigned as chairman and executive director effective Aug. 18 and was named lifetime honorary chairman, while An Conghui became chairman and Gan Jiayue was appointed CEO. Li remains chairman of Zhejiang Geely Holding Group and Geely Automobile's controlling shareholder, preserving influence over major strategy even as the listed company moves further toward a professional-manager structure. The overhaul also saw Li Donghui step down as vice chairman while remaining an executive director, and Gui Shengyue move from CEO to vice chairman while retaining his board seat. Li described An as a professional developed within the Geely system and said corporate succession is central to sustainable development, while Gui said the shift reflects Geely's move from a founder-led company to a more institutional governance model. The management changes were announced alongside Geely's interim results for the first half of 2026. Total sales rose 1% year on year to 1.423 million vehicles, revenue increased 15% to 173.6 billion yuan, and core net profit attributable to shareholders climbed 46% to 9.68 billion yuan. Gross margin improved to 17.9% from a year earlier, and core net profit per vehicle rose 45% to 6,806 yuan. Under IFRS, however, profit attributable to owners of the parent fell 2% to 9.091 billion yuan, largely because a net foreign-exchange loss of 550 million yuan replaced a net gain of 2.64 billion yuan a year earlier. Product mix and scale effects were central to the earnings performance. Zeekr sold 178,000 vehicles in the half, up 97%, contributing 31.7% of revenue despite accounting for 12.5% of volume, with an average transaction price of about 350,000 yuan. Lynk & Co sold 144,000 units, with new energy vehicles making up 65% of its mix, while Galaxy sales approached 520,000 units and the China Star fuel-vehicle lineup sold more than 580,000 units. Administrative and R&D expense ratios fell even as absolute R&D spending rose 8% to 9.06 billion yuan. Overseas business emerged as the main growth engine. Overseas sales surged 158% to 474,000 units in the first half, exceeding Geely's full-year 2025 export total, while new energy vehicle exports jumped 585% to 277,200 units. Monthly overseas sales topped 100,000 units in both June and July, helping lift Geely to third in China's automaker export rankings. The company raised its full-year overseas sales target to 920,000 units from 640,000, with a stretch goal of 1 million, and said localized manufacturing partnerships with Volvo, Proton, Renault and Ford are central to its longer-term goal of deriving two-thirds of sales from overseas markets.