On July 9th, the stock price rose more than 4%. As of press time, it rose 4.28% to HK$4.14, with a turnover of HK$47.1882 million.$GWMOTOR (02333.HK)$Up nearly 4%, at the time of publication, up 3.52% at HKD12.34, with a turnover of HKD1.67 billion.
On the news front, Great Wall Motors sold 980,000 vehicles in June 2024, with overseas sales reaching 380,000 units, setting a new record. In addition, the company's tank sales of all categories reached 116,038 units in the first half of the year, a year-on-year increase of 99%. Among them, tank new energy product sales were 49,726 units, accounting for 43%. Changjiang Securities pointed out that in the short to medium term, the company's overseas expansion and the increase in the proportion of high-value vehicle models such as tanks at home are expected to drive the company's sales and performance growth. In the long term, the company's four major expansion strategies will open up long-term sales growth space, and the intelligent transformation will open up the profitability space of the entire industry chain.