Geely Automobile : TOTAL SALES VOLUME FOR DECEMBER 2023 WAS150,453 UNITS TOTAL SALES VOLUME UP APPROXIMATELY 3% YOY SALES VOLUME TARGET OF 1,900,000 UNITS FOR 2024

[Press Release]

Geely Automobile Holdings Limited

TOTAL SALES VOLUME FOR DECEMBER 2023 WAS150,453 UNITS

TOTAL SALES VOLUME UP APPROXIMATELY 3% YOY

SALES VOLUME TARGET OF 1,900,000 UNITS FOR 2024

(HONG KONG, 1 January 2024) --- Geely Automobile Holdings Limited (the "Company", together with its subsidiaries, the "Group")(Stock codes: 175 (HKD counter) and 80175 (RMB counter)) announced that the total sales volume of the Group during the month of December 2023 was 150,453 units of vehicle, an increase of approximately 3% from the same period last year. The total sales volume for the year of 2023 was 1,686,516 units, an increase of approximately 18% compared with the same period last year, exceeding the Group's full-year sales target for 2023 of 1,650,000 units. Details are as follows:

	Current month	The same	Year-on-year	Year-to-date in	Year-to-date for	YoY change
	(Unit)	period last	("YoY")	current year	the same period	(%)
		year (Unit)	Change (%)	(Unit)	last year (Unit)
Geely	107,382	101,369	6	1,309,580	1,124,780	16
of which: Galaxy	12,088	-	-	83,497	-	-
ZEEKR	13,476	11,337	19	118,685	71,941	65
LYNK & CO*	25,695	21,988	17	220,250	180,127	22
Livan*	3,900	11,323	-66	38,001	56,140	-32
Total	150,453	146,017	3	1,686,516	1,432,988	18
of which:
Pure electric (battery	34,156	37,902	-10	334,598	262,253	28
electric vehicles ("BEVs"),
including battery swap)
Plug-in hybrid electric	26,291	6,648	295	152,863	66,474	130
vehicles ("PHEVs")
of which:
Export	21,347	19,538	9	274,101	198,242	38

Save as the sales volume disclosed above, during the month of December 2023, Proton** achieved sales volume of 10,266 units of vehicle, representing a decrease of approximately 25% compared to the same period last year. Further, for the year of 2023, the cumulative sales volume of Proton reached 154,497 units of vehicle, representing an increase of over 6% compared to the same period last year.

The Board sets the Group's sales volume target for the year of 2024 at 1,900,000 units (including the sales volume target for LYNK & CO-branded vehicles), representing an increase of around 13% from the total sales volume achieved in 2023. In addition, the sales volume target for new energy vehicles is set to increase by more than 66% compared to the total sales volume achieved in 2023.

-END-

Please note that the figures disclosed in this press release are unaudited and have not been confirmed by the Company's auditor and may be subject to adjustment and final confirmation. Shareholders and potential investors are advised to read carefully the financial results of the Group when it is published.

*: Although the total sales volume is not directly correlated to the revenue recognized by the Group during a specific period as it includes all sales volume of LYNK & CO and Livan on a 100% consolidated basis, the board of directors of the Company believes that it better reflects the potential demand for the Group's vehicles.

**: The Group completed the acquisition of a 49.9% equity stake in Proton on 28 April 2023. For more details about Proton, please refer to the Company's announcement dated 20 January 2023 and circular dated 6 April 2023.

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