BIZCHINA / Li Shufu
Geely auto sales soar
(HK Edition)
Updated: 2005-07-12 06:54
Mainland car maker Geely Automobile Holdings Ltd said on Sunday June
sales rose 4 per cent from the previous month and 30 per cent from the
same time last year.
The firm attributed the increase to a low base for comparison and
continued strong demand for the high-priced models.
Geely said in a statement its two associates sold a total of 8,807
vehicles in June.
For the first six months, total sales rose 3.7 per cent on the year to
57,352 units, achieving 48 per cent of the firm's full-year sales volume
target of 120,000 sales.
This suggested that the two associates are on track to hit their
full-year sales target.
Geely shares slid 1.09 per cent to HK$0.455 on Friday, after tumbling
nearly 30 per cent over the past year.
(For more biz stories, please visit Industry Updates)
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