Geely Automobile Holdings Ltd, one of China's largest private automakers Zhejiang Geely Holding, recorded a surge in sales of its vehicles in Russia to 2,414 units in May this year at 119.5 percent year on year.
Information sources reported that during the first five months of 2013, sales of Geely Automobile in the Russian car market reached 8,987 units, which is 76.3 percent more than in the corresponding period of 2012. At the same time, net income attributable to shareholders in 2012 increased 32 percent YoY to RMB 2,040 billion. The company's revenues were RMB 24.630 billion last year, up 17 percent over the previous year.
Meanwhile, Lifan Industry (Group) Co Ltd, which is one of the main manufacturers of cars, trucks and motorcycles in China, reported that its car sales in Russia grew 14 percent year on year to 8,790 units per year. the first five months of 2013.
From January to May of this year, Great Wall Motor Co Ltd and Chery Automobile Co Ltd sold 8,757 and 7,947 vehicles in Russia, up 83 percent and 16.4 percent year-on-year, respectively.
