GWM Achieves Sales Increase in April, Demonstrating Long-Term Development

GWM announced sales data for April, 2024. In April, GWM sold 94,796 units. Among them, 36,141 units were sold overseas, a year-on-year increase of 65.68%, reaching a new sales record.

newsfileMay 9 02:02 ET

Mood Toward NEV Stocks Brightens

Listed Chinese new energy vehicle makers can look forward to their stocks performing well in capital market on the back of their robust production and sales numbers, which will be further boosted by the country's supportive policies, market insiders said.

China DailyMay 8 21:41 ET

Guoxin Securities (Hong Kong): Maintaining Great Wall Motor's (02333) “Buy” rating, new car launches or driving a rapid recovery in brand sales

Guoxin Securities (Hong Kong) predicts that the revenue scale of Great Wall Motor (02333) will reach 210 billion yuan or more in 2024, and net profit is expected to return to a growth trajectory.

Zhitong FinanceMay 8 04:19 ET

Great Wall Securities: NEV exports maintained steady growth in the first quarter, focusing on establishing production lines in Europe and other regions

After China's automobile exports surpassed Japan to become the world's number one in 2023, in the first quarter of 2024, China exported 1.32 million vehicles, an increase of 23.36% over the previous year, and maintained a strong growth trend.

Zhitong FinanceMay 8 03:05 ET

Direct impact of changes | Automobile stocks are generally under pressure. The Passenger Federation expects a slight month-on-month decline in NEV sales in April, and institutions are optimistic about the restoration of retail data for Q2 terminals

The Zhitong Finance App learned that auto stocks were generally under pressure. As of press release, Xiaopeng Automobile-W (09868) fell 3.49% to HK$33.15; Ideal Automobile-W (02015) fell 3.3% to HK$111.2; and Great Wall Motor (02333) fell 1.49% to HK$11.94. According to the news, the Passenger Transport Federation recently announced the April NEV passenger car market forecast. According to preliminary monthly data, it is estimated that the wholesale sales volume of NEV manufacturers nationwide in April was 800,000 units, up 33% year on year and slightly down 2% month over month. The Passenger Federation pointed out that since the beginning of the year, there has been a wave of price cuts for new products in the car market

Zhitong FinanceMay 8 02:27 ET

Anxin International: Target price of HK$16 for a “buy” rating for Great Wall Motor (02333)

Great Wall Motor's 2024Q1 performance was the best in the same period in history, exceeding expectations.

Zhitong FinanceMay 7 21:16 ET