PWC News
Wednesday, August 13, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

China’s Geely Holding targets over 5 million units of annual sales by 2027 By Reuters

Home Business
Share on FacebookShare on Twitter


SHANGHAI (Reuters) – China’s Geely Holding Group on Sunday mentioned it goals to promote greater than 5 million autos yearly by 2027, an enormous leap from 2023, which it hopes to attain by accelerating consolidation of its sprawling manufacturers and enhancing effectivity.

The aim represents about 79% development from 2023, when Geely Holding offered 2.79 million items of passenger automobiles and industrial autos. The group offered 3 million autos within the first 11 months of 2024, a 20% development in comparison with the identical interval of 2023.

To attain the aim, which may additionally put Geely amongst one of many prime 10 automaking teams globally, it is going to additional consolidate its sprawling passenger automobile manufacturers into two items — Geely Auto (HK:) and Zeekr Expertise — to focus on the mass market and premium segments, respectively, it mentioned in a press release printed on Sunday.

It could additionally deepen alignment of analysis and growth of key applied sciences in seven elements together with structure, sensible driving and cockpits and batteries among the many group, which has made redundant investments with separate R&D crew below every model.

The Chinese language firm owned by billionaire Eric Li launched into a sequence of strategic strikes in September to give attention to its important enterprise of automaking after increasing into different sectors corresponding to satellites, sensible telephones and banking in earlier years.

In November, it introduced the merger of Zeekr with its sister model Lynk & Co as the primary massive restructuring transfer in a deliberate overhaul for the sprawling automotive group.

(This story has been corrected to repair gross sales development to twenty%, not 31%, within the first 11 months of 2024, in paragraph 2)





Source link

Tags: annualChinasGeelyholdingMillionReuterssalestargetsunits
Previous Post

Chinese robot vacuum cleaner company reveals model with an AI-powered arm

Next Post

Crypto Market Today January 6: Bitcoin Nears $100K, SPX and FIL Rise 12%

Related Posts

Wendy’s Stock: Shares Selling At A Reasonable Discount To Its Current Price (NASDAQ:WEN)
Business

Wendy’s Stock: Shares Selling At A Reasonable Discount To Its Current Price (NASDAQ:WEN)

August 13, 2025
PM Modi likely to visit US, meet Trump in September: Sources
Business

PM Modi likely to visit US, meet Trump in September: Sources

August 13, 2025
India’s First AI Unicorn Fractal Files For 0-Million IPO
Business

India’s First AI Unicorn Fractal Files For $560-Million IPO

August 12, 2025
Tue: Gaza escalation concerns weigh on TASE
Business

Tue: Gaza escalation concerns weigh on TASE

August 13, 2025
Titan’s jewellery business holds market share; Q2 expansion to pick up pace
Business

Titan’s jewellery business holds market share; Q2 expansion to pick up pace

August 12, 2025
Clarity on global tariffs key to Tata Motors’ long-term valuation: Ashi Anand
Business

Clarity on global tariffs key to Tata Motors’ long-term valuation: Ashi Anand

August 12, 2025
Next Post
Crypto Market Today January 6: Bitcoin Nears 0K, SPX and FIL Rise 12%

Crypto Market Today January 6: Bitcoin Nears $100K, SPX and FIL Rise 12%

BPSC row: Clash erupts between Patna Police and supporters of Jan Suraaj chief Prashant Kishor

BPSC row: Clash erupts between Patna Police and supporters of Jan Suraaj chief Prashant Kishor

Stocks Week Ahead: Strong US Data Could Propel 10, 30-Year Rates Toward 5% | Investing.com

Stocks Week Ahead: Strong US Data Could Propel 10, 30-Year Rates Toward 5% | Investing.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Bank of England chief says no rift with UK government as Revolut licence delay draws scrutiny
Markets

Bank of England chief says no rift with UK government as Revolut licence delay draws scrutiny

by PWC
August 8, 2025
0

Revolut playing cards is seen on this illustration picture taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto...

Avoid These Common Mistakes When Trading Price Breakouts | Investing.com

Avoid These Common Mistakes When Trading Price Breakouts | Investing.com

August 10, 2025
5M Ether shorts wipeout put ‘a smile’ on Eric Trump’s face

$105M Ether shorts wipeout put ‘a smile’ on Eric Trump’s face

August 9, 2025
Navigating The Geopolitical Cloud: ASEAN’s Diverse Approach To Digital Sovereignty

Navigating The Geopolitical Cloud: ASEAN’s Diverse Approach To Digital Sovereignty

August 13, 2025
China’s Export Machine Powers Ahead While Trade With US Shrivels

China’s Export Machine Powers Ahead While Trade With US Shrivels

August 7, 2025
#11: You Don’t Have to Own US Stocks – Meb Faber Research – Stock Market and Investing Blog

#11: You Don’t Have to Own US Stocks – Meb Faber Research – Stock Market and Investing Blog

August 8, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.