03
Jul
08:16
Geely targets higher sales, 40% NEV penetration
Chinese automaker Geely is lifting its annual NEV sales target, aiming to reach a product penetration rate of over 40% in 2024, Kallanish reports.
The roughly 5% increase now sees a total vehicle sales target of 2 million units, with new planned exports at 380,000 from a previous 330,000-unit target. The new guidance puts NEV sales this year at around 800,000 units.
In the Chinese domestic market, it forecasts a sales volume of 1.15m units for the Gee…
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