Zhejiang Geely subsidiary Geely Auto has released its financial report for the first half of 2017, and the company has announced a 118% increase in revenue to 39.42 billion RMB (RM25.36 billion) from the same period last year. Profits, meanwhile, reached 4.344 billion RMB (RM2.79 billion), up 128% from the first half of 2016.
The automaker sold a total of 530,627 vehicles in the first six months of 2017, an 89% increase from 1H 2016, and that was good enough to bump its share in the China market to 5%. The increase in sales were bouyed by the introduction of new models such as the Boyue SUV, Geely GC9, Emgrand GS and Emgrand GL, all of which have performed exceptionally well.
Sales of SUVs amounted to 233,482 units, with the Boyue accounting for 116,932 units of this total, an increase of 509% from the same period last year.
As for sedans, the company shifted 292,314 units in the first half of 2017, among which were 117,718 units of the New Emgrand, 45,486 of the A+ segment Emgrand GL, and 16,404 of the Geely GC9. On the alternative fuel front, the Emgrand EV sold 7,982 units in the first half of 2017.
The company added that it remains on track to reach its adjusted annual sales target of 1.1 million units, with new models launched and planned for launch in the second half of the year.
It said that the 2017 model year Geely GC9 was introduced to the Chinese domestic market in early August, and this will soon be followed by an entry-level crossover SUV. In the fourth quarter of 2017, the company will be launching a completely new SUV as well as 2018 model year versions of its New Emgrand, New Vision and Vision SUV.
GALLERY: Geely Boyue
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Geely > all
Volvo > all
Lynk & co > all
Lotus > all
London Taxi > all
Proton > all
Tak paham, tokmoh
Cainis vely pandai..
If revenue to high, when they want to pay RM1.5 bil and RM1.8 bil hutang?
They own 49% of Proton, so, they must pay RM750 mil and RM900 mil back
Majulah famili Geely ke arah kuasa besar dunia.
Geely kini di tangga 343rd dalam Fortune 500 list, meningkat dari 410th pada tahun sebelumnya. Moga mereka terus membangun pesat selepas ini.
cukurrr Meleisyiah now tumpang glamour
2H 2017 will see a drop in profits due to losses in subsidiary Proton.
Geely might just as well accrue for these annual losses from Proton from 2018 onwards.
Geely don’t have control of Proton, it is just an associate.
No need to consolidate their account, so very small impact to Geely’s financial statement.
DRB currently hold control of Proton and all its debts.
Common Geely, jokes aside. If the Boyue SUV is so salable in China, please bring in here F A S T.
They working as fast as their projected timeline. So no problemo
Have you wondered why Boyue is not sold in US, Europe, Japan and Australia/NZ? Only sold in China
Geely now have found Malaysians to sell their globally unwanted cars.
Another bullcrap. That is not the reason at all. Do you think it’s easy to penetrate a new market with strong protection act.
Some tot only My protect own industries. They did not know even American protect their own industries.
Geely literally a young automotive company. It still expanding its market. They just arrived in SEA.
you dont have to “wonder”. there are no secret plans or anything. just do some research and read about Geely’s plans.. as of today, they do not have any right hand drive cars.. so no australia/nz (japan.. ask yourself.. how many regular car companies not from japan have established a market there? other than niche or supercar brands..). As for Europe, and US.. read up on Lynk & Co. Back to aus/nz.. the plan is to make Malaysia their right hand drive hub.. all cars to be manufactured here for export. I think for people to continue to question china brands and products is a big mistake.. because they are definitely poised for far bigger things in the near future.
That alone already tell u that such NEW company is able enough to match any of its competitor sk they bought over Volvvo cars now its proton where protin have difficukties to reach sales other from its home turf so what make u feel it be a different deal this time with a Company who really heavily on its home turf to do business. China products are a joke
What about Geely GE aka RR Phantom ripoff? How’s the sales?
amoi; the Perodua salesman
What is my question about Geely GE got to do with Perodua salesman?
China ppl really good in doing business..
Even can save Volvo from the grave..
I see new hope for Proton now..
Not only that, PSA Peugeot Citreon is seeing some vibrancy n improvement also. When Chinese comes in, lazy European will have to buck up or ship out, their choice.