Mexican Media Brands
Geely Targets 27% Sales Growth in 2018
Geely Automobile Holding Co. predicts its sales will jump 27%—nine times the pace of the Chinese car market overall—to 1.58 million vehicles this year, Shanghai Daily reports.
#economics
Share
Geely Automobile Holding Co. predicts its sales will jump 27%—nine times the pace of the Chinese car market overall—to 1.58 million vehicles this year, Shanghai Daily reports.
The company’s sales zoomed 50% to 765,900 units in 2016 and 63% to 1.24 million last year. Geely credits the growth spurt to a lineup of popular SUV/crossovers and sedans.
Last April the company also launched its Lynk & Co. brand of Volvo-based cars. Geely has said Lynk will begin selling a small hybrid crossover in Europe in 2019 and in the U.S. in 2020. The brand, which targets annual sales of 500,000 units within five years, plans to market the cars direct to consumers via the internet.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.