Geely just acquired the Volvo sedan, announced last year's Geely Holding (0175.HK) results show that sales rose 27% to 415,000, gross profit of 3.7 billion, an increase of 45.6%. This performance was lower than market expectations. Geely's stock price fell yesterday after the opening bell.

According to Geely CEO, Geely’s chief executive, Geely’s plant currently has a production capacity of 560,000 units and a sales target of 480,000 units. As the Group launched higher-priced models such as the EC7 and EC8 to maintain business margins, it is estimated that the average price of Geely Automobile could be further improved this year, and plans to launch 6 to 8 new models this year, but the overall car has no price reduction plan.