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Geely Auto's sales up 1.3% in 2011

Jan. 12, 2012 (China Knowledge) - Geely Automobile Holdings Ltd<0175>, the listed unit of China's largest privately-owned carmaker Zhejiang Geely Holdings, said yesterday that its auto sales climbed 1.3% year on year to 421,385 units in 2011.

Last year, the sales were 12% less than the firm's target of 480,000 units for the whole year.

In the month of December, the company's auto sales were 47,755 units, down 15.8% year on year but up 7.3% from November.

Last month, Geely Auto's sales of the Emgrand model reached 10,941 units, the Englon model amounted to 16,083 units and the global Eagle model stood at 20,731 units.

The automaker aims to sell 460,000 vehicles this year, reflecting a growth of 9% year on year.






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