Geely Auto completes 38% of annual sales target in first half of 2020

Shanghai (Gasgoo)- Geely Automobile Holdings Limited and its subsidiaries (collectively referred to as the "Group") sold 110,129 new vehicles in June, a year-on-year jump of roughly 21% and a month-on-month increase of 1%, the automaker announced on July 6.

(Photo source: Geely Automobile)

During the same month, the Group's export volume dwindled 34% over a year ago to 4,109 units, while its domestic sales leapt around 25% to 106,020 units.

The automaker was still hit by a 19% year-over-year decrease in the first-half sales, versus 25% decline in Jan.-May sales. With 530,446 units sold as of June, the Group has completed 38% of its 1.41 million-unit annual sales target.

(Geometry A, photo source: Geometry)

Among the vehicles sold last month, 8,750 units were the so-called new energy and electrified vehicles (NEEVs), including the Geometry A, the Emgrand EV and the Emgrand GSe, which soared 43% compared to May.

Geometry, Geely's BEV-focused brand, unveiled its second mass-produced model the "Geometry C" at the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) International Auto Show 2020. The presale price starting at 139,800 yuan ($19,880) was announced at the same time. 

(Geely Haoyue, photo source: Geely Holding's WeChat account)

In the meantime, the automaker sold 37,154 sedans, 70,167 SUVs and 2,808 MPVs respectively. On June 23, Geely put its all-new SUV “Haoyue” onto the market, thus enabling its SUV lineup to cover such powertrain types as fuel-powered, plug-in hybrid and all-electric versions.

(Lynk & Co 05, Geely Holding's WeChat account)

Lynk & Co brand saw its June sales soar around roughly 53% to 13,214 units, hitting a new-high level for the past seven months.