Geely Reports Surge in Sales, Ups Annual Target

Geely Automobile Holdings (HK:0175) has released an update.

Geely Automobile Holdings has reported a robust 24% year-on-year increase in vehicle sales for June 2024, reaching 166,085 units, with significant growth in both pure electric and plug-in hybrid electric vehicle segments. Despite this, the sales volume for Proton, a partially owned subsidiary, decreased by 25% compared to last year. Buoyed by strong performance, Geely revised its annual sales target upwards by 5% to 2 million units, although these unaudited figures are still subject to final confirmation.

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