a geely xingyue coupe suv is seen displayed at the second media day for the shanghai auto show in shanghai china april 17 2019 reutersaly songfile photobeijing chinas geely automobile holdings ltd said on tuesday that its 2020 net profit fell 32 as auto sales in the worlds biggest market was hit by the covid19 pandemic geely automobile the highestprofile chinese automaker in the world due to investments in volvo cars and daimler ag posted 2020 profit of 553 billion yuan 850 million versus 819 billion yuan in 2019 one analyst expected geely to post a profit of 402 billion yuan according to refinitiv data advt revenue fell 5 from the previous year to 9211 billion yuan geely automobile sold 132 million cars last year down from 136 million units in 2019 it expects to sell 153 million cars this year 1 65094 chinese yuan reuters published on mar 23 2021 at 1028 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app geely automobile revenue outlook daimler ag auto sales geely automobile volvo cars homenewsindustrychinas geely automobile 2020 profit drops 32