Great Wall Motor Aug. vehicle sales 115,558 units

Great Wall Motor Aug. vehicle sales 115,558 units

Great Wall Motor Co. Ltd. (HK:2333) (OTC:GWLLF) has reported its August vehicle sales, totaling 115,558 units. This figure represents a significant increase in demand for the company's products, particularly its new and refreshed models. The strong performance is attributed to the recent launches of models like the Tank 300, Tank 500, and Haval Menglong, which have demonstrated robust initial demand [1].

HSBC, in a recent upgrade to its investment recommendation, highlighted the positive impact of these new models on Great Wall's sales. The refreshed Tank 300, introduced in March, has seen average monthly sales exceeding 11,000 units from April to July, up from 8,700 units per month earlier in 2024. Similarly, the Tank 500 and Haval Menglong, launched in August, received over 20,000 and 10,000 orders respectively within 24 hours of their release [1].

The company's success can be attributed to several key factors. These include upgrades to intelligent cockpit systems, interior comfort, powertrain performance, and extended battery range, all while maintaining or reducing prices compared to older models. Additionally, new models under the WEY brand, such as the MPV Gaoshan 7 and a flagship SUV scheduled for release in the second half of 2025, are expected to further enhance Great Wall's competitiveness [1].

In its latest earnings report, Great Wall Motor highlighted a modest increase in operating revenue to RMB 92.33 billion, despite a decline in net profit attributable to shareholders by 10.21% to RMB 6.34 billion. The company attributed this to increased investments in new product cycles and brand enhancements. Looking forward, Great Wall Motor remains committed to technological innovation and global expansion, aiming to enhance its market presence and maintain its competitive edge in the automotive industry [2].

References:
[1] https://www.investing.com/news/analyst-ratings/great-wall-motor-stock-upgraded-to-buy-by-hsbc-on-new-model-pipeline-93CH-4210092
[2] https://www.tipranks.com/news/company-announcements/great-wall-motor-co-reports-modest-revenue-growth