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Geely Auto market value increases HKD 12.6b stimulated by October sales performance

Biwen Wang From Gasgoo| November 08 , 2017

Geely news, geely market value

Shanghai (Gasgoo)- Geely Auto released its October performance report on November 6th showing the sales number reaches 125,100 units with a year-on-year growth of 30%. Both GWM and Changan Auto have a sales volume of 108,000 units and 109,000 units respectively. Geely Auto wins monthly sales champion again.

Stimulated by the excellent performance, stock price for Geely Auto jumps 5.66% to HKD 26.15, only HKD 1.6 lower than the historical high. The stock market value also increases HKD 12.6b to HKD 234.5b till the market closing time.

As the most possible champion among all self-independent auto brands, Geely Auto shows great performance this year. It plans to launch 14 new models in 2018 and 2019, with eight from Geely brand and six from LYNK&CO. Geely Auto raised its 2017 annual sales target from 1m units to 1.1m units in July. Till now it has accomplished 87% of the annual target with the total sales volume of 952,200 units in the previous ten months.

Currently, LYNK&CO announced that its first model 01 will begin reservation on November 17th with pre-sale price ranging from RMB 170,000 to 240,000. And the launching time is set at the end of November. Targeted at high-end market, LYNK&CO will sell products in both domestic and overseas markets. Adopting engine technologies, design and CMA platforms from Volvo, LYNK&CO products will help Geely explore markets and seize consuming-upgrading opportunities with high-level safety and qualities.

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