Geely Auto 2019 Financial Results Released Showing Revenue of 97.4 Billion and Increased Market Share
Geely Auto Group’s Hong Kong listed entity, Geely Automobile Holdings Ltd (HK.0175) (Geely Auto) released its 2019 Financial Results showing a revenue of 97.4 billion RMB, net profit of 8.26 billion RMB, and profit attributable to stockholders of 8.19 billion RMB. In 2019, Geely Auto remained the reigning sales champion among Chinese brands with total sales of 1.362 million units.
Geely Auto has improved upon its contactless home delivery system which looks to directly deliver new vehicles to consumers’ homes or place of work rather than collecting from dealerships. The new system will now use drones in select locations to pass new car keys to consumers by delivering directly to their door or balcony, furthering the distance between staff and consumer and creating a truly contactless process.
Geely Automobile Holding Limited (Group) announced that the total sales volume of the Group (including the sales volume of LYNK & CO-branded vehicles sold by the Group’s 50%-owned joint venture) for the month of February 2020 was 21,168 units
China’s leading privately-owned Chinese car brand, Geely Auto, has received official recognition for its efforts in developing ‘healthy vehicles’ that are able to provide clean air and bacteria free vehicles. TÜV Rheinland Group, an international, independent third-party inspection, testing, and certification organization, has issued the first Vehicle Level Solid Particulates/Aerosol Filtering Protection China-mark certificate to Geely Auto in late February 2020, highlighting the work that Geely has undertaken in its promise to develop healthy cars.
Geely Auto officially launched its latest compact SUV, the Geely ICON, earlier today in a completely online launch that was watched by millions across China.