Geely Auto boasts 2% year-on-year growth in April sales

Shanghai (Gasgoo)- Geely Automobile Holdings Limited (Geely Auto) announced a year-on-year growth of 2% in its April vehicle sales, which was a rather inspiring performance amid the prolong downturn in overall auto market.

(Photo source: Geely Auto's WeChat account)

Last month, the automaker sold 105,468 new vehicles (including Lynk & Co-branded cars), a month-on-month surge of 44%. Of those, 5,439 units were new energy and electrified vehicles (NEEVs).

During the same period, Geely Auto saw its export volume plunge 38% from a year ago to 4,366 units, in part due to the overseas coronavirus pandemic. Nonetheless, the sales volume of domestic market climbed 4% to 101,102 units.

As of April, the company has completed 22% of its 1.41-million-unit annual sales target with a year-to-date sales volume of 311,495 units (-34%).

In April, the sales volumes of Geely-branded sedans, SUVs and MPVs reached 43,067 units, 61,179 units and 1,222 units respectively. Notably, the volume of the ICON, Geely's second BMA (B-segment Modular Architecture) that hit the market in late February, stood at 2,565 units.

With 10,156 new vehicles sold, Lynk & Co gained a year-on-year increase of 12% in April. The all-new flagship coupe SUV, the Lynk & Co 05, went on sale on May 5 with its prices ranging from RMB175,800 and RMB212,800.

As part of endeavors to develop overseas markets, the Chinese-Swedish automobile brand is ready to sell the Lynk & Co 01 PHEVs in Europe in the second half of the year.

“We are full of confidence in Geely Auto's May and second quarter's market performances owing to the launch of such fire new models as the Haoyue and the Geometry C, the mass delivery of the orders that were delayed previously by the coronavirus spread, and the overseas roll-out of the Geely Binyue COOLRAY and the Binrui BINRAY,” said An Conghui, President and CEO of Geely Auto Group.