Geely Auto achieves 60% of 2021's sales goal in first three quarters

Shanghai (Gasgoo)- Geely Automobile Holdings Limited (Geely Auto) announced on Monday the new vehicle sales of the Group (collectively referring to Geely Auto and its subsidiaries) reached 921,796 units for the first three quarters of 2021, rising around 5% from the previous year and fulfilling 60% of the Group's annual sales target of 1.53 million units.

Xingyue L; photo credit: Geely

Last month, the Group's new vehicle sales reached 103,936 units, shrinking roughly 18% from the previous year, while rising 18% from the previous month.

According to Geely Auto's statement, the impact of the coronavirus pandemic and the global dearth of chips continued to affect the Group's delivery performance.

Despite the drop in the overall auto sales, the Group's new energy and electrified vehicle (NEEV) sales still surged 83% year over year to 11,177 units in September, hitting the highest-ever monthly volume since November 2019.

For clarity, Geely's NEEVs merely encompass the all-electric vehicles, hybrid electric vehicles, mild hybrid electric vehicles, and plug-in hybrid electric vehicles. Main NEEV models include the Geometry A, the Geometry C, the Emgrand EV, and the Emgrand GSe.

Meanwhile, Geely Auto and its subsidiaries exported 8,013 vehicles last month, down by 1% compared to the year-ago period. The Group’s export volume for the first three quarters amounted to 74,714 units, soaring 94.1% over a year earlier.

Geometry C to be exported; photo credit: Geometry

On Sept. 7, a ship carrying several hundred Geometry C SUVs departed for Israel and Belarus. Geely Auto revealed it had received over 2,000 orders of the Geometry C from overseas markets.

The year-to-date sales of the Lynk & Co-branded vehicles stood at 147,960 units (+40% YoY), 15,823 of which were sold last month. Notably, Lynk & Co's export volume to European markets reach 2,000 units in September.