Industry dynamics

Geely Automobile says sales in Dec. 2019 soar 39.3% over a year ago

Publishtime:1970-01-01 08:00:00 Views:29

Shanghai (ZXZC)- Geely Automobile Holdings Limited (Geely Autombile or the group) announced its total sales volume (including the sales of Lynk & Co-branded vehicles) in December 2019 reached 130,036 units, soaring 39.3% from the year-ago period.

Geely Automobile says sales in Dec. 2019 soar 39.3% over a year ago

Among vehicles sold last month, 9,900 units were new energy and electrified vehicles (NEEVs). The hotter-selling NEEV models were the Xingyue MHEV, the Binyue MHEV and the Jiaji MHEV, which together accounted for around 73% of the group's Dec. NEEV sales. Besides, full-year NEEV sales shot up 66.5% to 113,067 units.

In addition, the automaker exported 3,353 vehicles last month, a year-on-year plunge of 52%. However, its sales volume in China surged around 47% year on year to 126,683 units in December.

For the year of 2019, Geely Automobile sold a total of 1,361,560 new vehicles, posting a decrease of roughly 9% over the prior-year period, while successfully achieving the group's 1.36 million-unit sales target for 2019. This is also the third year in a row for the group to see both production and sales volume surpass 1 million units.

Geely Automobile says sales in Dec. 2019 soar 39.3% over a year ago

Regarding annual performance of specific models, the sales volume of the Borui and the Boyue series amounted to 23,626 units and 228,564 units respectively. A total of 27,707 Xingyue crossover SUVs were sold seven months after the model hitting the market, of which 3,845 units were from December. Jiaji, the automaker's first MPV model, featured a full-year sales volume of 32,961 units.

Geely Automobile says sales in Dec. 2019 soar 39.3% over a year ago

Moreover, Geely Automobile also sold 137,528 Binyue SUVs and 83,548 Binrui sedans through 2019. The annual sales volume of the Emgrand and the Vision families reached 403,639 units and 283,259 units respectively.

Geely Automobile says sales in Dec. 2019 soar 39.3% over a year ago

The Lynk & Co closed its 2019 with a cumulative sales volume of 128,066 units (+6.4%). As of December 2019, the brand has been gaining monthly sales topping 10,000 units for five consecutive months.

In light of the prevailing uncertainties in China's PV market, the automaker sets the 2020 sales target at a conservative level of 1.41 million units, roughly 4% more than its 2019 sales (photo source: Geely Automobile).