Geely roars past its sales growth target South China Morning Post | Electric Cars and Hybrid Vehicle - Green energy

Geely roars past its sales growth target South China Morning Post

23 Апр 2014 | Author: | Комментарии к записи Geely roars past its sales growth target South China Morning Post отключены


Geely Emgrand EC9 Electric Cars

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Sales at carmaker Geely Automobile in the four months of this are already well ahead of its growth rate, the company and it predicted a strong second as long as the government did not further new car sales.

Geely said at its meeting yesterday that growth was 21 per cent, taking it to units in the four months to 30, against a target rate of 16 per for the whole year.

Lawrence Ang, Geely’s director, said sales grow even faster the second half, when the is due to launch four to five new including a brand new electric the EC7.

Our prospects are looking this year as long as the policy to cap the number of new car registrations extended to second and third-tier Ang said. We were bracing earlier this year, a cap to be imposed on Jiangsu province, but been no news so far.

Our prospects are looking good year as long as the [government] to cap the number of new car registrations isn’t to second and third-tier cities

The aimed at easing traffic and air pollution in major cities as Beijing, Shanghai, Guangzhou and has hurt car sales.

As a result, one of China’s biggest vehicle was keen to speed up overseas Ang said the company’s car exports jump another 30 to 50 per cent year, after 164 per cent last year.

Geely has set up production plants local partners in Russia, Indonesia and Egypt in the past two to speed up product delivery and costs for consumers. It is due to build vehicles in Uruguay, Ethiopia and as cars exported from countries would enjoy exemptions to key markets in Latin and Eastern Europe.

Geely Emgrand EC9 Electric Cars

But Ang said the had no plans to open factories in Asia markets such as which was still largely

Geely topped domestic in overseas markets by exporting than 100,000 vehicles year. Great Wall was a second at 95,489 vehicles. have been put among most promising vehicle by car critics and publications.

However, is struggling to meet demand, and Ang the production capacity of the company’s in Changdu can no longer satisfy sales of 5,000 sport vehicles. He said the plant’s capacity will be boosted to cars this year, the current level of 60,000

The group’s net profit jumped 32 per last year to 2.04 yuan (HK$2.55 billion), and it a dividend of 0.39 HK cents, a 39 per increase over 2011.

of the 31 brokerage firms that the company set the target price at HK$5, including JP Morgan, expected it to hit HK$7. Geely’s price ended 0.5 per cent to close at HK$4.09 yesterday.

Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars
Geely Emgrand EC9 Electric Cars

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