- Geely has raised its 2025 sales target by about 11 percent, from 2.71 million units to 3 million units.
- Geely said that this is due to the group's strong sales performance so far this year.
Geely Auto (HKG: 0175) has raised its full-year 2025 sales guidance, a rare move amid the Chinese automotive industry's overall modest performance, following strong growth in the first half of the year.
The automotive giant announced in a Hong Kong Stock Exchange filing yesterday that it has raised its original full-year sales target by about 11 percent, from 2.71 million units to 3 million units.
Geely said that this is due to the group's strong sales performance so far this year, and it will strive to achieve this target.
Data released by the company yesterday showed that it sold 236,036 vehicles in June, representing a year-on-year increase of 42.12 percent, marking the 10th consecutive month since September 2024 that sales have exceeded 200,000 units.
In the first half of the year, Geely sold 1,409,180 vehicles, up 47.45 percent year-on-year.
This strong performance was primarily driven by the Geely Galaxy sub-brand and the robust performance of battery electric vehicle (BEV) models.
Geely Galaxy sold 548,408 vehicles in the first half of the year, up 232.00 percent year-on-year.
Geely Galaxy was originally a new product lineup officially launched on February 23, 2023. On March 3 this year, Geely announced that Geely Galaxy had been upgraded to a new brand.
Since October 2024, sales of the previous Geometry lineup have been included in Geely Galaxy.
The Xingyuan compact electric vehicle (EV) in the Geely Galaxy lineup is one of the best-selling models in the Chinese market, and the brand is also preparing to launch more models, including the new hybrid sedan A7.
In the first half of the year, Geely's BEV sales reached 510,803 units, a year-on-year growth of 173.09 percent. Its PHEV sales for the same period were 214,348 units, up 61.00 percent year-on-year.
Geely exported 182,921 vehicles in the first half of the year, a decrease of 8 percent year-on-year.
