China’s Geely Sees Sales Growth Evaporating as Car Market Struggles

China’s Geely Sees Sales Growth Evaporating as Car Market Struggles
The emblem of the Geely automobile maker logo is seen at the IEEV New Energy Vehicles Exhibition in Beijing, China, on Oct. 18, 2018. Thomas Peter/Reuters
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BEIJING—China’s most globally high-profile and successful carmaker, Geely, is forecasting flat sales this year, a sharp slowdown from 2018 as the country’s giant auto market struggles with slowing economic growth and more cautious consumers.

Geely Automobile Holdings Ltd, the main listed unit of the Geely empire which owns Volvo Cars and Proton, posted sales growth of 20 percent in 2018.