Geely Reports 10.3% Drop In October Car Sales

Geely Automobile Holdings Ltd

reported a 10.3% y/y drop in its car sales in October. Geely's car sales for the period fell to 35,878 units. However, its sales for the month gained 10.6% from September. Geely's sales during the January-October period climbed 4.5% y/y to 329,110 units. Geely shares closed at $0.25 yesterday.