Sales at Geely Automobile Holdings, the largest domestic Chinese carmaker, rose for the second straight month in November behind volume at the new Lynk & CO brand.
The company’s deliveries increased 1.1 percent to 143,234 in November after inching up 0.9 percent the previous month, according Geely’s filings on the Stock Exchange of Hong Kong where the company is listed.
Driving the sales recovery last month was the Lynk & CO premium brand. The brand delivered 14,131 vehicles, a jump of 15 percent from a year earlier.
Lynk & CO was created in 2017 as a 50-30-20 partnership between Geely, Volvo Car Corp. and their parent Zhejiang Geely Holding Group.
The brand markets three compact products -- the 01 and 02 crossovers and the 03 sedan. The three models share a platform as well as a production line with the Volvo XC40 compact crossover. All four vehicles are assembled at Geely’s plant in Luqiao in east China’s Zhejiang province.
In November, sales at the company’s mass-market Geely marque remained virtually changed at 129,103.
Due to lower volume from April to September, Geely’s sales through November still declined 13 percent to roughly 1.23 million, amid a broad decline in China's overall new-vehicle market.
China’s new-vehicle market contracted 16 straight months through October, with industry-wide sales for November yet to be released.