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GEELY AUTO Aims Profit, Sales Breakthroughs This Yr for NEV Biz
Recommend 7 Positive 15 Negative 9 |
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GEELY AUTO (00175.HK) announced its 2025 sales target of 2.71 million units, notching a YoY growth of 25%. CEO Gui Sheng Yue said in a briefing that 2024 annual sales volume of 2.176 million units exceled the annual target by nearly 15% to touch a record high. This is the first time for the company to hold a briefing on the sales target this year, the CEO remarked. Since the market attention to the company has heightened considerably since 2H24, it is deemed necessary to explain the company’s development plan, he said, underscoring that Geely has basically completed the investment and layout in EV and intelligence in 2024, and the market will verify whether Geely's deployment is on the right track. Gui also revealed that the group's NEV business has turned around from losses drastically since 3Q24, and the group is aiming for full profitability and sales breakthroughs in 2025. In the face of mounting market competition, the company's top priority is to ensure the quality of its products in order to ensure its long-term survival in future. AAStocks Financial News |
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