Market Chatter: BYD Confident in 2025 Target; Geely Sets Conservative Goal

MT Newswires Live01-03

BYD (HKG:1211, SHE:002594) expressed confidence in its 2025 business performance as its 2024 sales increased 41%, The Standard reported Friday.

Sales by the Shenzhen, China-based EV giant reached about 4.3 million units in 2024, a two-year consecutive high, BYD said in a bourse filing on Jan. 1.

For December, NEV sales rose 51% to 514,800 units.

Geely Automobile (HKG:0175) is targeting sales of 2.7 million units in 2025, which Chief Executive Officer Gui Shengyue calls a "cautious" goal, the report said.

December sales by Geely rose 43% to 210,000 units, while full-year sales grew 32%, The Standard said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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