Employees wearing protective masks assemble Lynk & Co. 05 crossover sport utility vehicles (SUV) on the production line at the Geely Automobile Holdings Ltd. plant in Ningbo, Zhejiang Province, China, on Tuesday, April 28, 2020. Photographer: Qilai Shen/Bloomberg
BEIJING: China's Geely Automobile Holdings Ltd warned on Wednesday of a potential short-term performance hit due to a global chip shortage and a resurgence in COVID-19 cases, but kept its annual sales target, betting on new product launches.
The company's upbeat forecast and a strong first-half revenue growth helped send shares of the Hangzhou-based car maker up nearly 4%.
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