Chinese carmaker Geely announced it had achieved 80 percent of its annual sales target with a total of 1,088,290 vehicles sold in the first 10 months of 2019.

It is the third year in a row that Geely's annual sales have exceeded one million units, the company said.

The October sales reading stood at 130,180, up 14 percent month on month.

Geely sold 2,986 vehicles overseas last month, a 124-percent increase compared with the same period last year, which brought the total export volume up to 51,465 units from January to October, surging 196 percent year on year.

The company has witnessed rapid expansion of its new energy vehicles (NEVs) business since it rolled out several new plug-in hybrid models under its new brand Lynk & Co.

Geely sold 89,032 NEVs in the January-October period, growing by 74 percent compared with the same period last year.

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