02333 GWMOTOR
- 11.980
- -0.140-1.16%
GWMOTOR News
DBS Bank: Maintain 'Synchronized with the broad market' rating on Great Wall Motor (02333), with a target price of 11.5 Hong Kong dollars.
According to the news from the Wisdom Fortune APP, Morgan Stanley released a research report stating that on June 19, Great Wall Motor (02333) stocks showed a beta-driven rebound with a rise of 5%. The stock price has outperformed the Hang Seng Index in recent times and has attracted much market attention. The target price is maintained at HKD 11.5 with a 'synchronized with the market' rating. The bank stated that the market previously predicted that Great Wall Motor's Q2 profit could remain flat or slightly decline. However, the market is optimistic that Great Wall Motor's tank and export business will continue to grow, and will boost Q2 profit to about RMB 4 billion. Morgan Stanley predicts that Great Wall Motor's Q2 profit will reach RMB 3.1-3.3 billion.
[Exclusive Big V] Deng Shengxing: The tension in the Middle East continues, and the oil price has reached a seven-week high.
Jingu financial news | The Hang Seng index closed at 18430 on Wednesday (19th), up 514 points or 2.9%. The total daily turnover of the market was 112.758 billion yuan. The national index rose 219 points or 3.5% to 6587; the Science and Technology index rose 135 points or 3.7% to 3832. The overall blue chips were good, with only two blue chips down for the whole day. Tencent (00700) rose 3.2%; Alibaba (09988) rose 2.9%; Hong Kong Stock Exchange (00388) rose 2.8%; the overall automobile stocks were good. Geely (00175) rose 3.9%; Chang'an (02333) rose 4.8%; Dow Jones on Wednesday (19th)
Baobot Shares (301181.SZ): Currently, there is no cooperation with Great Wall Motor.
On June 19, Gelunhui reported that Baobang Stock (301181.SZ) stated on the investor interaction platform that the company currently has no cooperation with Great Wall Motor, and the company will continue to explore cooperation opportunities with excellent domestic and foreign enterprises.
China NEV Retail at 314,000 in Jun 1-16, Down 4% From Same Period Last Month
China's retail penetration of NEVs was 49.52 percent for June 1-16, and 40.99 percent year-to-date. The post China NEV retail at 314,000 in Jun 1-16, down 4% from same period last month appeared first on CnEVPost. For more articles, please visit CnEVPost.
[Brokerage Focus] GTJA points out that the penetration rate of new energy autos has reached a new historical high, and the sector still offers opportunities for well-performing auto companies and component manufacturers.
GTJA stated that the penetration rate of new energy autos (both retail and wholesale) has reached a historic high. Overall, the sales performance in the terminal market is strong in May 2024. The bank pointed out that the outcome of the temporary implementation of EU tariffs is still to be waited for.
Great Wall Motor rose more than 6%, leading the rise of auto stocks. Car sales in May increased slightly month-on-month, with a new energy penetration rate of 44.2%.
Auto stocks rose in early trading. As of press time, Great Wall Motor (02333.HK) rose 6.40% to HK$12.3; xpeng-W (09868.HK) rose 4.41% to HK$29.6; Geely Auto (00175.HK) rose 3.94% to HK$9.23; BYD Company (01211.HK) rose 1.88% to HK$238. On the news front, data from the China Association of Automobile Manufacturers showed that automobile production and sales in May this year were 2.372 million and 2.417 million respectively, an increase of 1.7% year-on-year.
In May, the pick-up truck market sold 45,000 units, flat year-on-year, according to the China Automobile Dealers Association.
On June 18th, the China Automobile Circulation Association released the May 2024 pickup truck manufacturer wholesale sales ranking report.
In May, light truck sales reached 157,200 vehicles, a year-on-year increase of 7%, once again outperforming the overall truck market.
According to the data from China Association of Automobile Manufacturers (calculated by enterprise invoice number, not terminal actual sales volume), in May 2024, Chinese truck market sold a total of 298,700 vehicles, down 4% from April this year, while continuing to achieve growth year-on-year with an increase of 2%. Compared with May last year, the four sub-markets of trucks have both increased and decreased. As the largest and most fiercely competitive submarket in the truck market, the sales performance of China's light-duty truck market (including light trucks, small trucks, pickups, etc., hereinafter referred to as "light trucks") in May 2024 was: 15.72 million units sold.
Hong Kong stocks are active: Great Wall Motors (02333) rose more than 3%. In May, domestic new energy auto sales increased by 33% year on year, and the export side is expected to continue its strong performance.
Great Wall Motor (02333) rose more than 3%. As of press time, it rose by 3.02% to HKD 11.50, with a turnover of HKD 99.2937 million.
World Passenger Fuel Cell Electric Vehicles Industry Research 2024 Featuring JLR, Hyundai, BMW, Honda, Great Wall Motor, Toyota, and Haima Automobile - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Passenger Fuel Cell Electric Vehicles Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.The analysis explores the global passenger fuel cel
In May, the pickup truck market sold 45,000 vehicles, an increase of 1.7% from the previous month, according to the Joint Branch Association.
According to the Zhitong Finance APP, data released by the Pick-up Sub-Association on June 14th, 2024 showed that 45,000 pickups were sold in May, which was the same as the previous year, an increase of 1.7% on a month-on-month basis, and was at a relatively high level in the past five years.
NEV Sales Growth Ahead for China: CAAM
The latest industry data have pointed to a continued rapid growth trend in the production and sales of new energy vehicles in China for May.
China NEV Retail at 180,000 in Jun 1-10, Down 11% From Same Period Last Month
China's NEV penetration at retail was 50 percent in June 1-10, and 40.74 percent year-to-date. The post China NEV retail at 180,000 in Jun 1-10, down 11% from same period last month appeared first on CnEVPost. For more articles, please visit CnEVPost.
Express News | BlackRock's Long Position in H-Shares of Great Wall Motor Increases to 8.13% on June 7 From 7.38% - HKEX
Great Wall Motor (601633.SH): Huawei has always been an important partner of Great Wall Motor.
On June 13th, Geely Holdings reported that Huawei has always been an important partner of Great Wall Motors, and the two parties have cooperated in intelligent driving, intelligent network connection, intelligent cockpit, intelligent electric, cloud computing service, big data, and travel services. Great Wall Motors will choose suitable suppliers according to the definition and demand of the products in the future.
Sichuan Chuanhuan Technology (300547.SZ): Baic Motor and Great Wall Motor are both customers of the company.
Sichuan Chuanhuan Technology (300547.SZ) stated on the investor communication platform on June 13th that BAIC Motor and Great Wall Motor are both customers of the company.
Express News | Shares of Great Wall Motor Down Roughly 0.3% in Early Trade After EU Announces Extra Tariffs on Chinese Evs
[Brokerage Focus] Bocom Intl believes potential EU tariffs can be controlled, unable to stop China's automotive companies from expanding overseas.
Jingu Finance | Bocom Intl said that the temporary tariff disclosed by the European Commission was slightly lower than expected by the market. The European Commission has disclosed the temporary tariff levels for Battery Electric Vehicles (BEVs) imported from China. The tariffs imposed by the European Commission on three sampled Chinese automakers are: BYD (01211) at 17.4%, Geely (00175) at 20%, and Saic Motor Corporation at 38.1%. The bank believes that some vehicle companies with economies of scale and supply chain advantages still have competitiveness under a tariff of around 20%. However, smaller companies such as NIO Inc (09866) and Xiaopeng Motors (
Great Wall Motor(02333): Approximately 1.8812 million restricted stocks will be listed for trading on June 18th.
Great Wall Motor (02333) announced that approximately 1.8812 million restricted stocks will be released in June 2024 ...
Haoyun Electric (301488.SZ): Cooperative clients include Chongqing Sokon Industry Group Stock, Xpeng, BYD Company Limited, Great Wall Motor.
On June 12th, Gelunhui reported that Huahong Auto Electric (301488.SZ) is actively focused on developing L3 autonomous driving products. Currently, the company's intelligent driving products include car monitoring systems, electronic rearview mirror systems, integrated parking systems, front active safety systems, domain controller systems, intelligent parking systems, intelligent visual systems, ultrasonic radar systems, millimeter-wave radar systems, and visual sensor systems. Collaborating clients include Chongqing Sokon Industry Group Stock (SOKON), Xpeng, BYD Company Limited, and Great Wall Motor.
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