Geely Auto gains 20% year-on-year sales growth in May

Shanghai (Gasgoo)- Geely Automobile Holdings Limited and its subsidiaries (collectively referred to as the “Group”) sold 108,822 new vehicles in May, a year-on-year jump of roughly 20% and a month-on-month increase of 3%, the automaker announced on June 5.

(Photo source: Geely Auto's WeChat account)

During the same month, the Group's export volume plunged 44% over a year ago to 3,099 units, while its domestic sales leapt around 25% to 105,723 units.

(Geometry C, Photo source: Geely Auto's WeChat account）

Of the vehicles sold in May, 6,101 units were the so-called new energy and electrified vehicles (NEEVs), including the Geometry A, the Emgrand EV and the Emgrand GSe. Geometry, Geely's BEV-focused brand, is going to launch its second mass-produced model the “Geometry C”, which is also the brand's first SUV model.

(Photo source: Geely Auto's WeChat account)

In the meantime, the automaker sold 42,994 sedans, 63,602 SUVs and 2,226 MPVs respectively. The Geely ICON, Geely Auto's second BMA (B-segment Modular Architecture)-based SUV that hit the market in Feb., had a sales volume of 3,360 units, serving a new growth point to the company's SUV lineup.

Lynk & Co brand saw its May sales soar around roughly 41% to 12,950 units, hitting a new-high level for the past six months.

Nonetheless, the automaker was still hit by a 25% year-over-year decline in the Jan.-May sales for the coronavirus reason. With 420,317 units sold as of May, the Group has completed 30% of its 1.41 million-unit annual sales target.

If the sales goal stays unchanged this year, Geely Auto must double its efforts in the remaining seven months. To fulfill that target, the company plans to roll out six all-new models—the ICON, the Haoyue, the Preface, the Geometry C, the Lynk & Co 05 and 06, and several refreshed models to enrich its existing lineup and carve out new segments.