🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Chinese automaker Geely raises sales target for 2024 to 1.9 million units

Published 01/01/2024, 07:27 AM
Updated 01/01/2024, 07:30 AM
© Reuters. A view shows the logo of Chinese automobile manufacturer Geely at a dealership in Moscow, Russia, March 23, 2023. REUTERS/Maxim Shemetov/File photo
GELYF
-

By Summer Zhen

HONG KONG (Reuters) - Chinese carmaker Geely Automobile Holdings (OTC:GELYF) Ltd set its sales volume target at 1.9 million units for 2024, up 13% from its total sales last year, according to a Hong Kong stock exchange filing on Monday.

The company also said it increased its sales volume target for new energy vehicles by more than 66% compared with the total sales volume achieved in 2023, without giving a figure.

© Reuters. A view shows the logo of Chinese automobile manufacturer Geely at a dealership in Moscow, Russia, March 23, 2023. REUTERS/Maxim Shemetov/File photo

Geely, China's second largest automaker by sales, said it sold 1,686,516 vehicles in 2023, up 18% from 2022.

In December, sales volumes rose 3% from the same period in 2022, it added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.