2025: Geely to achieve top market share in China

This week, Geely released its semi-annual financial report. In the first half of 2021 — its revenue reached $6.9 billion USD, an increase of 22% year-on-year.

From January to June 2021, Geely’s total sales volume is 630,237 units, an increase of approximately 19% year-on-year. Among them, the global new high-end brand Lynk & Co. has sold 107,873 vehicles from January to June, a year-on-year increase of 96.98%.

It has demonstrated strong brand competitiveness with a dazzling report card to the market. The global automotive industry is under multiple severe challenges such as the global continuous spread of COVID-19, chip shortages, and rising raw materials. Geely has accelerated its pace of transformation and upgrading, its profit structure has shown a diversified trend, its cash flow management has been stable, and its capital structure has been excellent.

Geely continues to lead through technology, practice high-quality development strategy, and formulated the outline of its five-year business development plan: By 2025, the market share will rank first among Chinese brands, and the sales volume will reach 3.65 million vehicles (including Krypton), of which smart electric vehicles accounted for more than 30%.

Krypton will rank among the top three of the global high-end electric vehicle markets by 2025, with sales reaching 650,000 units. The company’s management will analyze the specific content of the five-year plan for the near future.

Source: https://36kr.com/newsflashes/1360048152315013

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Stories about China’s tech giants, startups, funding, venture capital, trends, and industries of tomorrow.

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