Investing
Chinese automaker Geely raises sales target for 2024 to 1.9 million units
© Reuters. A view shows the logo of Chinese automobile manufacturer Geely at a dealership in Moscow, Russia, March 23, 2023. REUTERS/Maxim Shemetov/File photo
By Summer Zhen
HONG KONG (Reuters) – Chinese carmaker Geely Automobile Holdings (OTC:) Ltd set its sales volume target at 1.9 million units for 2024, up 13% from its total sales last year, according to a Hong Kong stock exchange filing on Monday.
The company also said it increased its sales volume target for new energy vehicles by more than 66% compared with the total sales volume achieved in 2023, without giving a figure.
Geely, China’s second largest automaker by sales, said it sold 1,686,516 vehicles in 2023, up 18% from 2022.
In December, sales volumes rose 3% from the same period in 2022, it added.
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