Geely Automobile : Total Sales Volume For December 2022 Was 146,017 Units Units Total Sales Volume Down 8% YOY Sales Volume Target Of 1,650,000 Units For 2023

[Press Release]

Geely Automobile Holdings Limited

TOTAL SALES VOLUME FOR DECEMBER 2022 WAS 146,017 UNITS

TOTAL SALES VOLUME DOWN 8% YOY

SALES VOLUME TARGET OF 1,650,000 UNITS FOR 2023

(HONG KONG, 9 January, 2023) --- Geely Automobile Holdings Limited ('Geely Automobile'/the 'Group')(Stock code: 175) announced that the total sales volume of the Group during the month of December 2022 was 146,017 units, a decrease of approximately 8% from the same period last year. For the year of 2022, the total sales volume was 1,432,988 units, an increase of approximately 8% from the corresponding period last year. Details are as follows:

		Current mo	n		The same	Year-on-year	Year-to-date i	n		Year-to-date for	YoY change
		(Unit)		period last	("YoY")	current year			the same period	(%)
				y	ear (Unit)	Change (%)	(Unit)			last year (Unit)
	Geely	101,369		129,123	-21	1,124,780	1,101,506	2
	of which: Geometry	18,728		9,654	94	149,389	55,320	170
	LYNK & CO*	21,988		25,846	-15	180,127	220,516	-18
	ZEEKR	11,337		3,796	199	71,941	6,007	1,098
	Livan*	11,323		-	-	56,140	-	-
	Total	146,017		158,765	-8	1,432,988		1,328,029	8
	of which:
Pure electric (battery electric	37,902		13,450	182	262,253	61,327	328
vehicles ("BEVs"), including
battery swap)
Plug-in hybrid electric	6,648		3,381	97	66,474	20,841	219
vehicles ("PHEVs")
Hybrid electric vehichles	1,240		317	291	25,744	636	3,948
("HEVs")
	By region:
China market (excluding	126,479		141,640	-11	1,234,746	1,213,021	2
Hong Kong, Macau & Taiwan)
	Export	19,538		17,125	14	198,242	115,008	72
	By vehicle category:
Sedans	63,475		66,303	-4	589,115	510,524	15
Sport utility vehicles (SUVs)	80,579		90,966	-11	817,115	805,327	1
Multi-purpose vehicles	1,963		1,496	31	26,758	12,178	120
(MPVs)

Save as the sales volume disclosed above, during the month of December 2022, 1,989 units of the Group's LYNK & CO-branded vehicles were delivered to its subscription customers in the European market under its innovative subscription** model, and a total of 14,571 units of vehicles were delivered under its innovative subscription model for the year of 2022.

The Board sets the Group's sales volume target for the year of 2023 at 1,650,000 units (including the sales volume targets for LYNK & CO-branded and Livan-branded vehicles), representing an increase of around 15% from the total sales volume achieved in 2022. Of which, the sales volume target of new energy vehicles*** increases by more than 100% compared with its total sales volume achieved in 2022.

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[Press Release]

Please note that the figures disclosed in this announcement are unaudited and have not been confirmed by the Company's auditor and may be subject to adjustment and final confirmation. Shareholders and potential investors are advised to read carefully the financial results of the Group when it is published.

*: While the total sales volume does not correlate directly to the revenue the Group recognises during a particular period as it includes all sales volume of the Group's 50%-owned LYNK & CO's joint venture and 50%-owned Livan's joint venture on a 100% consolidated basis, the board of directors of the Company believes it is more indicative of the underlying demand of the Group's vehicles. For details of the Livan's joint venture, please refer to the Company's announcements dated 13 December 2021 and 24 January 2022.

**: Subscription means that customers use vehicles and ancillary services during the subscription service period through regular payment of vehicle subscription fees, including vehicle insurance, daily maintenance, data services, road assistance, etc.

***: For clarity, the new energy vehicles only included the electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs).

		- END -
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Geely Automobile Holdings Limited
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