On August 18, Geely released its financial report for the first half of 2021, and the highlights are as follows.
The automotive revenue reached 45 billion yuan, a year-on-year increase of 22%; the net profit was 2.41 billion yuan, and the attributable net profit to shareholders after deducting non-cash remuneration was 3.02 billion yuan, a year-on-year increase of 31%; the attributable net profit to shareholders was 2.38 billion yuan.
From January to June, Geely’s total sales volume was 630,237 vehicles, up about 19% year-on-year. Among them, Lynk & Co’s cumulative sales volume from January to June was 107,873 vehicles, a significant increase of 96.98% year-on-year.
In the first half of 2021, Geely (including Lynk & Co) had an average revenue per vehicle of 84,184 yuan, a year-on-year increase of 10%, indicating that the brand’s premium ability continues to improve.
On July 20, Geely officially released the “Geely Brand CMA High-end Series” named “China Star”. The data shows that the cumulative sales of the three models, StarRui, StarYue S and StarYue L, reached 95,465 units from January to July. StarRui continues to maintain monthly sales above 10,000 units, with accumulated sales of nearly 100,000 units in 9 months since its launch. StarYue L received over 30,000 orders within one month of its launch.
Lynk & Co has sold over 550,000 vehicles in China, and the cumulative sales of Lynk & Co 01 has exceeded 200,000 units.
Regarding exports, the cumulative export volume from January to June was 53,422 units, a year-on-year increase of about 173%. Lynk & Co continues to deepen its global market layout, achieving terminal delivery in the Netherlands, Germany, Belgium, Sweden and other countries, and the product is gaining popularity. In the first half of the year, Proton’s total sales volume was 57,854 units, with a market share of 23.5%, setting a new historical high.
Geely has developed a five-year plan for its business development, aiming to achieve the following by 2025: to maintain the market share as the number one domestic car brand in China, and sell 3.65 million vehicles (including Zeekr vehicles), with more than 30% of them being intelligent electric vehicles. Zeekr will rank among the top three global high-end electric vehicle brands, selling 650,000 electric vehicles by 2025. The company’s management team will soon announce the specific content of the five-year plan.Information source: Official website of Geely
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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.