Despite incentives being decreased, Geely's plug-in car sales might double this year.
Chinese company Geely Automobile Holding Limited (Group), which besides the main Geely brand, includes also the Lynk & Co brand (about one-tenth of the volume), significantly increased plug-in electric car sales.
The total volume of "new energy and electrified vehicles* (NEVs)" in November was 14,135, which is 9.9% of total sales for the group (143,234).
Geely was already able to rebound from the sales dip in July (4,476), after a record month in June (15,985 at 17.6% share) when New Energy Vehicle subsidies were cut.
Geely NEV sales in China - November 2019
During the first eleven months of 2019, Geely sold some 103,167 NEVs, which is about 8.4% of its volume).
The growth compared to 68,549 in 12-months of 2018 (average 4.6% share) is tremendous.
In terms of models, Geely's first high-end pure electric sedan model Geometry A noted a record 2,456 sales in November (11,592 over eight months on the market).
"The sales volume of the first high-end pure electric sedan model “Geometry A” was 2,456 units, a record high since the launch of the model in April 2019."
"Amongst the NEVs sold, the best-selling models were “Emgrand EV”, “Xing Yue MHEV”, “Jia Ji MHEV” and“Geometry A” in the month of November 2019, which together accounted for around 66% of the total sales volume of NEVs."