China’s Geely Raises 2024 Sales Target To 1.9 Million Units

Chinese carmaker Geely Automobile Holdings Ltd set its sales volume target at 1.9 million units for 2024, up 13 per cent 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 per cent compared with the total sales volume achieved in 2023, without giving a figure.

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

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

Reuters

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