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In late October, Geely brand launched sales of the Binyue compact crossover, the second product derived from its new B-segment modular architecture.
Geely sales growth pace slows despite new products
Automotive News China | 2018/12/11

Geely Automobile Holdings¡¯ sales growth has leveled off despite the introduction of new products in China.

In November, the largest domestic Chinese passenger vehicle maker delivered 141,661 vehicles under its mass-market Geely brand and premium Lynk & CO marque, a 0.3 percent increase from a year earlier. 

In late October, Geely brand launched sales of the Binyue compact crossover, the second product derived from its new B-segment modular architecture, after the Binrui compact sedan in August. 

The two new nameplates each accounted for more than 10,000 sales in November. Yet, the brand¡¯s deliveries fell 8.4 percent to 129,340 in the month as demand for its other products decreased. 

Lynk & CO, in which Volvo Car Corp. holds 30 percent interest, rolled out two compact crossovers and a compact sedan from November 2017 to June. Last month, combined deliveries of the three nameplates, which share the platform with Volvo¡¯s XC40 compact crossover, totaled 12,321. 

After maintaining more than 30 percent growth year on year through August, Geely¡¯s sales have rapidly lost steam since September. 

In September, the company¡¯s deliveries rose 14 percent from a year earlier. In October, its sales growth slowed to 3 percent. 

Thanks to robust sales in the first eight months, the company¡¯s total sales through November still jumped 29 percent from the same period last year to top 1.4 million. 

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