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

Shanghai (Gasgoo)- 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.

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:

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.