Summary by Moomoo AI
GEELEY AUTOMOBILE HOLDINGS LIMITED ANNOUNCED UNAUDITED VEHICLE SALES OF 213,487 IN JANUARY 2024, AN INCREASE OF 110% YEAR-ON-YEAR, SETTING A NEW ALL-TIME HIGH FOR THE COMPANY. Among them, Gili brand sales were 172,774, an increase of 98% year-on-year; Qixi brand sales were 12,537, an increase of 302% year-on-year; and Lark brand sales were 28,176, an increase of 155% year-on-year. Sales of pure electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs) reached 36,317 and 29,509 units, respectively, for year-over-year growth of 306% and 4,919%, respectively. Exports were also recorded at 26,262, up 79% year-on-year. The Company reminds shareholders and potential investors that the published sales figures have not been audited and confirmed and may be subject to adjustment. In addition, the company completed the acquisition of a 49.9% stake in Baoteng in April 2023. Details of the transaction have been disclosed in the January and April 2023 announcements.