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In July, the sales of electric vehicles reached 0.879 million units, an increase of 37% year-on-year, according to the Passenger Car Association.
From July 1st to 31st, the retail sales of new energy passenger vehicles reached 0.879 million, an increase of 37% compared to the same period last year and an increase of 3% compared to the same period last month. Cumulative retail sales from the beginning of the year reached 4.991 million, a year-on-year increase of 34%.
Geely wields the "Dragon-slaying Sword".
Geely Auto, which is determined to 'regain its position as the leader in China's independent brand market', intends to create a series of 'blockbusters' to regain its own crown.
Brokerage Focus: Orient maintains a 'buy' rating on Geely Auto (00175), and expects the continued layout of electric vehicles to increase the company's sales volume.
According to a research report from Orient Securities, Geely Auto (00175) achieved significant year-on-year growth in both revenue and profit thanks to the year-on-year growth of its sales volume in the first quarter and continuous optimization of its product structure.
Express News | EU Member States Are Likely to Support the Imposition of Proposed Tariffs on Chinese Electric Vehicles in November- FT
By January to June 2024, China will account for 65% of the world's electric vehicle market share.
In the first six months of 2024, China's export of electric vehicles performed well in the South American and Southeast Asian markets, which is a result of China's strong industry chain and the double growth of domestic market and export.
Geely Launches Galaxy E5 All-electric SUV With Starting Price of $15,750
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OhNowGombie : LI AUTO somehow has been resistant to the downturn, while it’s peers are kind of behaving as usual? Anyone wanna take a shot at why that would be?