Geely's H1 revenue hits record high

Geely Automobile Holdings saw its operating revenue hit a record 107.3 billion yuan ($15.05 billion) in the first half this year, soaring 46.6 percent year-on-year, said the Hong Kong-listed carmaker on Wednesday.

The Chinese conglomerate delivered 956,000 vehicles in the first half, up 41 percent from the same period last year, much higher than the industry average.

Of its deliveries, 320,000 were new energy vehicles, bearing marques of the namesake Geely as well as Lynk & Co and Zeekr, up 117 percent year-on-year.

Zeekr saw its monthly deliveries exceed 20,000 units for the first time in June, bringing its cumulative sales to over 280,000 units.

Geely has been beefing up investment in smart and electric technologies. In the first half, its total R&D expenditure reached 7 billion yuan, up 17.9 percent year-on-year.

The Chinese carmaker saw record-high deliveries in overseas markets as well in the first half, totaling 197,000 units, up 67 percent year-on-year.

The Geely marque launched 12 models in 30 countries from January to June. Lynk & Co has ramped up efforts to explore the European and the Asia-Pacific markets. Zeekr vehicles are now available in around 30 markets.

Geely expects its exports to continue the momentum in the second half, with an estimated an annual growth of 45 percent this year. The carmaker has scaled up its overall sales goal to 2 million units in 2024.