Wednesday, June 2, 2021

Geely Auto 吉利汽车 (0175.HK)


  • Geely Automobile Holdings Limited completes revised annual sales target of 1.32 million units
  • 2021 sales target set at 1.53 million units
  • More modular architecture based models to be unveiled in 2021

Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China and was founded in 1997 as a subsidiary of Zhejiang Geely Holding Group. Geely Auto Group sells vehicles under the Geely Auto brand and holds a 50% stake in the LYNK & CO brand.

The group employs more than 50,000 people, operates 12 plants, five global R&D centers in Hangzhou, Ningbo, Gothenburg, Coventry and Frankfurt. The Group also boasts five global design studios in Shanghai, Gothenburg, Barcelona, California and Coventry respectively with over 900 members of staff in total. The Geely Auto brand has been listed on the Hong Kong stock exchange since 2005.

In 2019, the brands under Geely Auto Group management sold over 1.46 million units, with Geely Auto retaining its position as the best-selling Chinese brand for three consecutive years, Lynk & Co setting a new annual sales record, and a revitalized PROTON returning to second place in its home market of Malaysia.