Industry dynamics

Geely Auto nabs 8% year-on-year growth in Oct. sales

Publishtime:2019/08/16 Views:37

Shanghai (ZXZC)- Geely Automobile Holdings Limited (called “Geely Auto” for short) and its subsidiaries sold a total of 140,026 new vehicles in October, an increase of roughly 8% from the year-ago period and up around 11% from the previous month, the company announced on November 6.

Geely Auto nabs 8% year-on-year growth in Oct. sales

Photo credit: Geely Auto

In the Jan.-Oct. period, the group (Geely Auto and its subsidiaries) sold 1,015,498 vehicles in total, posting a 7% decline over the prior-year period and fulfilling 77% of its revised annual sales target of 1.32 million units.

Among the vehicles sold last month, 5,826 units were new energy and electrified vehicles (NEEVs), including the Geometry As, the Emgrand EV and the Emgrand GSes, representing a month-on-month decrease of 4.4%.

Geely Auto said the group's export volume was up more than twofold year on year to 10,531 units in October, while its domestic sales reached 129,495 units, rising around 2% from the previous year.

The sales of sedans and SUVs amounted to 46,040 units and 90,430 units respectively last month. The Emgrand sedan had a sales volume of 21,179 units, making its year-to-date volume total 179,877 units. The monthly sales of the Boyue and Boyue PRO SUVs aggregated 25,062 units.

Geely Auto nabs 8% year-on-year growth in Oct. sales

Lynk & Co 05; photo credit: Geely Auto

With 21,868 units sold, Lynk & Co brand recorded a 56% year on year hike in October. Hitting the market in early May, the Lynk & Co 05 had posted monthly sales of over 4,000 units for four consecutive months.

Last month, the four-year-old brand formally started its European offensive. It has opened its first European showroom in Amsterdam, Netherlands. On Oct. 22, the presale of the global version of its Lynk & Co 01 compact SUV kicked off in China and Europe at the same time.