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Geely’s NEV sales surge 126% in 1st five months

Geely Automobile Holdings reported impressive financial results for Q1, with revenue up 56% YoY to 52.3 billion RMB ($7.34 billion) and net income more than doubling to 1.56 billion RMB ($246.84 million). The company’s total vehicle sales grew by over 45% YoY to 789,645 units in the first five months, driven by a 126 percent increase in sales of new energy vehicles (NEVs) to 254,226 units.

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