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Geely presses ahead with European debut as China auto sales slow

Volvo venture Lynk & Co. to roll out connected cars in Western markets this year

Geely displays an electric car at an New Energy Vehicles show in Beijing. The automaker is looking to ease its near-total dependence on the Chinese market.   © Reuters

HONG KONG -- Chinese automaker Zhejiang Geely Holding Group is moving ahead with plans to roll out models in Western Europe this year after missing its annual sales target amid setbacks at home, the company said Thursday.

Rising competition and weak consumer appetite for big-ticket items in China prompted Geely, one of the country's top private automakers and owner of Volvo Cars, to set a conservative sales target for 2019. It expects to sell 1.51 million vehicles this year, up marginally from last year.

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