[ET Net News Agency, 11 June 2019] 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 May 2019 was 90,309
units, a decrease of 27% from the same period last year and down 13% from April 2019 as
the group continued to reduce aggregate inventories of the dealers. The corresponding
retail sale volume however recorded steady year-on-year and month-on-month growth during
the same period, reflecting an improvement in end market demand for the group's products.
Of the total sales volume in May 2019, 10,155 units were new energy and electrified
vehicles Note (NEEVs).
The group's exports volume was up more than twofold year-on-year to 5,498 units in the
month of May 2019. During the month of May 2019, the group's total sales volume in the
China market was 84,811 units, a decrease of around 30% from the same period last year.
The total sales volume in the first five months of 2019 was 560,805 units, a decrease of
approximately 12% from the same period last year, and achieving 37% of the group's full
year sales volume target of 1.51 million units in 2019. (RC)
(c) 2019 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers