Geely Automobile Holdings Limited (Geely Auto) has reported that December 2019 sales (including sales of Lynk & Co-branded vehicles sold by the Group’s 50% owned joint venture) reached 130,036 units, a year-on-year increase of 39.3%. Cumulative sales in 2019 reached 1,361,560 units, beating the 2019 revised annual target. In spite of a downturn in China’s automotive market, Geely Auto has seen its market share grow and retained its position as the best-selling Chinese brand for three consecutive years.
In 2020, Geely Auto will continue to implement its high-quality development strategy with stability as a focus and set its annual target for 1.41 million units, a 3.6% increase from 2019.
In 2019, the sales of Geely’s new energy vehicles increased significantly with annual sales of 113,067 units, a year-on-year increase of 68.6%, becoming a new driving force for Geely Auto’s high-quality growth. A total of 57,991 vehicles were exported in 2019, a year-on-year increase of 110.6%. Geely Auto has accelerated its expansion in overseas market and improved its global brand image and reputation.
Under the dual pressure of a global economic downturn and adjustment in the automotive industry, China’s domestic auto market declined sharply in 2019. Geely Auto maintained its strategic advancement, actively strengthened its global competitiveness, improved its product lineup, led the industry in high-quality development, and exceeded its annual sales target of 1.36 million units. Since 2017, Geely Auto has continued to maintain its position as the best-selling Chinese auto brand in the world.
In 2019, with the launch of the “high-end pure electric brand” Geometry, Geely Auto Group has committed to a three-prong product development strategy through Geely Auto, Lynk & Co, and Geometry. The product matrix of these brands has continued to be upgraded in the direction of high quality, high tech, high value. 2019 was a product-centric year with the launch of a number of new models including the Geometry A, Jiaji MPV, Xingyue Coupe SUV, Lynk & Co 03+ and Boyue PRO, covering several market segments such as sedans, SUVs and MPVs. Nearly 9 models saw sales over 10,000 units per month.
Please click here to view the full press release.
SOURCE: Geely
