Geely says H1 sales passed 530,000

Chinese car maker – and rival Lingke – sees healthy volumes 

Geely says H1 sales passed 530,000

(ATF) Geely Automobile saw sales volumes climbed 1% last month to 110,129 vehicles compared with May – a 21% year-on-year increase, the company said. 

That pushed total first-half sales to more than 530,000 units, according to data released by Geely Monday.

Rival high-end brand Lingke Automobile sold 13,214 vehicles in June, a 2% increase on May and 53% higher than last year. That’s the third consecutive month of double-digit growth and sets the highest monthly sales performance of the past seven months.

Since April, Geely's automobile sales have continued to grow positively. 

From January to June, the total sales volumes were 530,446 vehicles, achieving 38% of the annual sales target of 1.41 million vehicles and ranking first in sales of Chinese brand passenger cars. According to the announcement, the sales data has not been audited.

Geely said earlier this month it’s board had approved a proposed sale of yuan-denominated shares on the STAR Market. 

READ MORE: Geely approves STAR Market listing plan