Electrified Vehicles
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Geely Apologizes to Disgruntled Customers, Reaffirms Commitment to Value & Technology over Price Wars
Geely Automobile Holdings reported strong first-half results with a 27% revenue increase to RMB 150.28 billion and a net profit of RMB 9.29 billion. Vehicle sales surged 47% to 1.409 million, driven by a 126% rise in electrified vehicle sales. The company has raised its full-year sales target to 3 million units and plans to launch five new NEV models. Geely emphasized its commitment to value, technology, and ethical practices, addressing concerns about “involution” and improving communication with users.
