Geely Auto 2024 Interim Report Interpretation: Sales Growth, New Energy Transformation, Global Layout

Geely Auto performed well in the first half of 2024, with sales of 956,000 units, a year-on-year increase of 41%, and operating income of 107.3 billion, a year-on-year increase of 46.6%. The new energy transformation has achieved remarkable results, with the new energy penetration rate reaching 48.6%. It is expected that the new energy sector will soon turn losses into profits. In terms of global layout, the Geely brand will deepen its presence in Eastern Europe, the Middle East, and Southeast Asia. The Zeekr brand will start deliveries in Thailand, Singapore and other places, and the Lynk & Co brand will focus on the European and Asia-Pacific markets. In the second half of the year, Geely will launch 6 smart new energy products.