On August 17, Geely Automobile released its 2020 half-year financial report, with a revenue of 36.82 billion yuan and a net profit of 2.32 billion yuan.
From January to June, Geely’s total sales volume was 530,446 vehicles, ranking fourth in the industry with a market share increasing from 6.51% at the beginning of the year to 6.74%. The Lynk & Co brand has sold over 300,000 vehicles since its launch.
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In terms of overseas exports, the cumulative export volume from January to June was 19,573 vehicles. Geely’s Belarus factory ranked second among all brands in the local passenger car market with a sales volume of 4,350 vehicles and a market share of 17.52% in the first half of the year. Baojun’s market share in the first half of the year was 21.2%, a 6.5% increase from the same period last year.
In the first half of the year, Geely launched three new models, ICON, Lynk & Co 05 and the new Haoyue. In the second half of the year, Geely will continue to launch new models such as the Lynk & Co 06, Geometry C, and Geely Preface.
Geely positions the PMA architecture to produce pure electric, high-performance and intelligent connected models, mainly for the Geely and Lynk & Co brands. The PMA architecture includes two basic architectures, PMA1 and PMA2, and PMA1 architecture can be further divided into two sub-architectures according to 5-seat and 7-seat models.
According to the previously exposed information, the first pure electric vehicle based on the PMA platform is expected to have a range of up to 700 km and will be officially unveiled at the Beijing Auto Show in September this year.
In addition, Lynk & Co will launch its 01 PHEV model in Europe in the second half of the year.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.