Shanghai (ZXZC)- On Tuesday, Geely Auto announced that thanks to the substantial growth in annual sales and the improvement in product portfolio, its net profit of 2017 will be doubled on the basis of the previous year’s results.

On Monday, Geely Auto announced that it handed over 1,247,116 vehicles in 2017, soaring 63 percent compared with the previous year and setting another sales record. At the same time, the Hangzhou-based automaker eyes 1.58 million vehicle sales in 2018, jumping 27 percent compared with 2017.