Latest News:  


Geely posts sales and stock surge

By Han Tianyang (China Daily)

08:48, February 22, 2013

Geely's premium Emgrand brand sold 20,318 units in January, about a third of the carmaker's monthly total. Chen Xiaogen / For China Daily

After reporting a surge in sales for January, Hong Kong-listed carmaker Geely Automobile saw its stock price hit a 52-week record high last Friday.

Geely's stock price increased by 7.66 percent to close at HK$4.64 ($0.6) on Feb 15 after reaching a high point of HK$4.67 earlier in the day.

The sharp increase followed the company's January sales announcement made the day before.

Geely said on Feb 14 that its January sales reached an all-time record high of 63,532 vehicles, a 67 percent increase from a year earlier and 7 percent up from December.

The carmaker's domestic sales last month surpassed 55,000 units while its overseas deliveries reached more than 8,400 units, the company said.

Geely's high-end brand Emgrand sold 20,318 units, about a third of its total January sales, while its Gleagle brand sold 22,482 cars and its Englon nameplate sold 20,732.

Geely's January sales growth exceeded the industry average and its three sub-brands had well-balanced performance, said Simon Feng, an auto analyst with Menutor Consulting.

Last month China's overall passenger vehicle market increased 48.7 percent from a year ago to 1.73 million units, according to statistics from China Association of Automobile Manufacturers. The strong industry-wide growth was mainly the result of fewer working days in January last year because of the lunar Chinese New Year holidays were earlier.

Another high point in Geely's January report is that its SUVs surpassed expectations with combined sales of the Gleagle GX7 and Englon SX7 reaching more than 7,300 units, Feng said.

【1】 【2】

We recommend:

New vehicles unveiled at Canadian Int'l Auto Show

Video: Facebook targeted by hackers

Sanya duty-free shops see surging sales

Juniper buries doubts on boom

3D printing reshapes manufacturing

Hongyanhe nuclear power station in NE China

Email|Print|Comments(Editor:HuangBeibei、Liang Jun)

Leave your comment0 comments

  1. Name


Selections for you

  1. Su-30 fighters in attack and defense training

  2. Female soldiers training in cold winter

  3. Pakistanis mourn for victims of deadly blast in Quetta

  4. Impressive moments of Beijing since 1950s

  5. Exploring top private clubs in China

  6. Employees punished to run half-naked

  7. A rare sighting

  8. Plastic princess

  9. Liquor makers fined for price monopoly

  10. Keeping the brand full of beans

Most Popular


  1. New CPC leadership's first 100 ruling days inspiring
  2. Keeping the brand full of beans
  3. Brighter outlook for property companies
  4. Lantern Festival losing its luster
  5. How to build new type ties between big powers?
  6. Diplomacy to help China become global power
  7. Commentary: China sees Africa as true friend
  8. Mind your manners
  9. Football penalties 'too soft'
  10. Juvenile crime rules 'hard to follow'

What’s happening in China

At 75, he travelled in Europe; at 98, he got a master's degree; at 102, he published an autobiography.

  1. 98 pct rural covered by medical insurance
  2. Drought plagues parts of China
  3. China sets standards for public restrooms
  4. Provinces urged to buy insurance
  5. Mayor fired over mishandling chemical leak