Press "Enter" to skip to content

Geely Auto warns 40% slump in first half profits, cuts 2019 sales target by 10%


Chinese automaker Geely Automobile Holdings Ltd. warned 40 per cent slump in its first half earnings and lowered auto sales target for the whole year by 10 per cent, foreshadowing further pain across the sector, indicating the growth in China's auto sales last month may not be sustained.

Geely Auto lowered its 2019 sales target by 10 per cent to 1.36 million vehicles from the target of 1.51 million vehicles set earlier this year, according to its . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day


FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In