Geely Auto (00175.HK) sub-brand Geometry (ZK.US) stated that the company is advancing with local production in Europe and plans to achieve a 15% gross margin target for the full year.

Geely Holding Group President and Geometry CEO An Conghui mentioned during Geely Auto's earnings call that Geometry aims to achieve a monthly sales volume of 20,000 units in the third quarter and strive to complete a monthly sales volume of 30,000 units in a certain month in the fourth quarter, with confidence in achieving the sales target of 230,000 units for the whole year. In addition, Geometry plans to launch new products such as mid-size SUV and Geometry MIX in the second half of the year and three new car models by 2025.