China's Geely retained its annual sales target betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the health crisis
retained its annual sales target on Wednesday, betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the coronavirus pandemic.
"The recent worsening of chip shortage and the resurgence of COVID-19 cases globally could pose significant threat to our sales performance over the next few months," Geely said. It said total annual vehicle sales under Geely, Lynk & Co, which is a joint venture with Volvo Car, and electric vehicle brands Zeekr and Geometry would hit 3.65 million units by 2025. More than 30% of them would be electrified vehicles.
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