Boost for Volvo owner Geely as they are now a top-three carmaker in China

Geely Automobile — which makes Volvo, Geely, Lynk and other cars — surpassed its top three Japanese rivals to become the third-largest carmaker in China, helped by models that appeal to the nation’s young consumers.

Reporting a 54% jump in net income for the six months to the end of June, the carmaker said that sales this year will beat its target of 1.58 million units. Geely now trails only Volkswagen and General Motors in China, after overtaking Nissan, Honda Motor, and Toyota in the period.