- published: 08 Jul 2015
- views: 57587
Geely (officially Zhejiang Geely Holding Group) is a holding company and parent of Geely Automobile Holdings Ltd (simplified Chinese: 吉利汽车; traditional Chinese: 吉利汽車; pinyin: Jílì Qìchē) (SEHK: 0175), a private Chinese auto manufacturer. It is one of the 10 largest Chinese automakers.
Sales of automobiles and motorcycles in China and several South American nations comprise the majority of its business, and Geely has four brand names including its own. One of its models is named the Jingang or King Kong.
In 2010, Geely surpassed its projected 400,000 vehicle sales target for that year. Previously, the company's stock had dropped 4.2% in just two days due to fears that Geely would miss their 2010 target, despite announcements by Chairman Li Shufu in November that the company was on track to meet their goal.
In the end, the company exceeded market expectations and beat its sales target by 3.1%, removing earlier market concerns. In fact, Geely posted their highest sales figure ever—56,133 vehicles—when the company saw a 25.5% increase in sales in December. This brought Geely's final 2010 sales figure to 415,286 units of their 680,000 units/year production capacity, prompting the company to set their 2011 sales target at 480,000, a 16% increase.
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