Geely Automobile, a major private carmaker in China, sold 11,236
cars in July, a growth of 34.6 percent over the same month of last
year, company sources said on Saturday.
However, the company's sales in the first seven months of this
year went down 4.7 percent to 95,623 cars, which accounted for only
40 percent of its annual sales target of 240,000.
The sources said the Hong Kong-listed company received a record
of nearly 30,000 orders in June, but the delivery had to be
postponed partly because of the limited production capacity of its
workshops in Ningbo, east China's Zhejiang Province.
The company has to speed up production in the rest months as the
demand for some models is expected to increase, company sources
said, adding the Ningbo production facilities will be expanded.
(Xinhua News Agency August 11, 2007)
