Industry dynamics

Geely Automobile sees sales in July down by 24% over prior-year

Publishtime:1970-01-01 08:00:00 Views:42

Shanghai (ZXZC)- Geely Automobile Holding Limited (hereinafter referred to as Geely Automobile and the Group) announced on August 7 that its total sales volume (including Lynk & Co-branded vehicles) in July 2019 reached 91,375 units, a year-on-year decrease of roughly 24%, while up by around 1% from the previous month.

Geely Automobile sees sales in July down by 24% over prior-year

Of the total sales for the month of July, 4,476 units came from new energy and electrified vehicles (NEEVs). The hotter-selling NEEV models were the Emgrand EV, the Jiaji MHEV, the Xingyue MHEV and the Geometry A, which together accounted for around 65% of total monthly NEEV sales.

Year-to-date NEEV sales skyrocketed 181% from a year earlier to 62,076 units, said the automaker.

Besides, the group said its car exports surged 59% over the year-ago period to 3,989 units last month.

For the first seven months, sales volume of Geely Automobile totaled 743,055 units, dropping approximately 16% compared with the same period a year ago. By the end of July, the group has already fulfilled 55% of its revised annual sales target—1,360,000 units—in 2019.

Detailed sales volumes for specific models are shown as follows:

Geely Automobile sees sales in July down by 24% over prior-year

Moreover, the sales volumes of the Lynk 01, 02 and 03 reached 4,034 units, 1,555 units and 3,029 units respectively in July. The car brand's first performance model, the Lynk & Co 03+, hit the market on August 2 with three trim levels priced between RMB185,800 and RMB228,800.