The Momentum for Sales Growth Is Strengthened in October Despite a Sales Decline in
New Energy Vehicles
According to the released sales data for October, Geely Auto reported total sales volume of
152,263 units, a significant increase of 36.4% yoy and a substantial growth of 16.65% mom.
The year-on-year and month-on-month growths increased by 10.8 ppts and 10.2 ppts,
respectively from the previous month. In the first ten months, the Company sold 1,141,901
vehicles accumulatively, up 10% yoy. The Company completed 70% of the annual target of
1,650 thousand units.
The sales volume of new energy vehicles (including battery electric vehicles, plug-in hybrid
electric vehicles, and hybrid electric vehicles) reached 32,277 units in October, down 25%
from the previous month, accounting for 21% of the total sales volume, down from 33% in
the previous month, mainly due to a large sales decline in the Geometry models.