Lyon anticipates that as overseas markets and demand for the Tank series increase, Changqi's sales volume will increase to over 1.45 million vehicles in 2024.
The Zhitong Finance App learned that Lyon released a research report saying that Great Wall Motor (02333)'s initial performance last year was in line with expectations. Revenue increased 26% year over year to 173.41 billion yuan, and net profit fell 15% year on year to 7.01 billion yuan. The company sold 1.23 million vehicles in 2023, a year-on-year increase of 15.3%.
According to the report, looking ahead to 2024, the company will continue to launch models popular with consumers, such as the Tank 300 PHEV. Lyon expects sales to increase to more than 1.45 million units in 2024 as demand for overseas markets and the Tank series increases.