Summary by Moomoo AI
GEELEY AUTOMOBILE HOLDINGS LIMITED ANNOUNCED TOTAL SALES OF 150,453 UNITS IN DECEMBER 2023, AN INCREASE OF APPROXIMATELY 3% YEAR-ON-YEAR. Total sales for the year were 1,686,516 units, an increase of approximately 18% year-on-year, exceeding the annual sales target of 1,650,000 units. Among them, pure electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs) grew 28% and 130%, respectively. Baoteng brand sales fell 25% in December, but sales grew by more than 6% for the year. The company set a 2024 sales target of 1,900,000 units and expects new energy vehicle sales to grow by more than 66%. The Board of Directors reminds that the published sales figures are unaudited and have not been confirmed by the auditor, and the final figure may be adjusted.