If the distinction between EV and NEV was actually made by Geely and EV in this case would refer to pure electric vehicles then 50 % would be a significant increase.
"SHANGHAI, Aug 18 (Reuters) - China’s Geely Automobile Holdings Ltd aims to increase the proportion of electric vehicles (EVs) in its total sales to 50% in 2023, chief executive Jerry Gan said, as the company accelerates its transition to electrification. Sales of new energy vehicles (NEV), including pure electric and plug-in hybrids, will account for more than 30% of Geely’s monthly sales in the second half, Gan told reporters in an online meeting on Thursday. The company was confident its premium EV brand Zeeker could achieve the annual sales target of 70,000 units this year, despite COVID curbs, the brand’s Chief Executive An Conghui said."
AKE Price at posting:
$12.34 Sentiment: Buy Disclosure: Held
