The Chinese automaker Geely Automobile Holdings, which owns the Swedish Volvo Cars, said it expects its net profit to grow by more than 50% year-on-year in the first half of 2018. The expected growth in profits is mainly due to an increase in sales revenue. Sales of the company's cars for the period from January to June increased by 44% compared to the first half of 2017 and amounted to 766 thousand 630 cars. Following the results of 2018, Geely expects that the number of cars sold will exceed the target level of 1 million 580 thousand cars. In 2017, Geely sales increased 63% to 1 million 247 thousand 116 cars.
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