[ET Net News Agency, 6 January 2020] Geely Automobile Holdings Limited (00175)
announced that the total sales volume of the group (including the sales volume of LYNK &
CO-branded vehicles sold by the group's 50%-owned joint venture) for the month of December
2019 was 130,036 units, an increase of approximately 39% from the same period last year,
but down approximately 9% from November 2019.
Of the total sales volume in December 2019, 9,900 units were new energy and electrified
vehicles (NEEVs).
The group's exports volume was down around 52% year-on-year to 3,353 units in the month
of December 2019.
During the month of December 2019, the group's total sales volume in the China market
was 126,683 units, an increase of around 47% from the same period last year. Further, the
retail sales volume of the group's dealers in the China market was even stronger at about
170,000 units during the month, making it amongst the highest monthly retail sales volume
in the group's history.
The total sales volume for the year of 2019 was 1,361,560 units, a decrease of
approximately 9% from the same period last year, and exceeding the group's full year sales
volume target of 1.36 million units in 2019.
In view of the prevailing uncertainties in China's passenger vehicle market, the board
preliminarily set the group's sales volume target for the year of 2020 at a conservative
level of 1.41 million units (including the sales volume target for LYNK & CO-branded
vehicles), representing an increase of around 4% from the total sales volume achieved in
2019. (RC)