Chinese auto stocks surge on Geely’s sales amid skepticism

January sales increase might be due to short-term adjustments, says analyst

20190212 geely

Geely reported better-than-expected sales, driven by higher sales of new energy and electric vehicles and exports. (Getty Images)

HONG KONG (Nikkei Markets) -- Shares of Chinese automobile companies jumped on Tuesday after major carmaker Geely Automobile Holdings reported better-than-expected January sales, although analysts remain wary of the demand outlook for the full year.

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