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[Brokerage Focus] Jefferies Financial gives a "Buy" rating for Great Wall Motor (02333), stating that product upgrades and expansion into overseas markets are key driving forces for the company's development.
Jinwu Financial News | Jefferies Financial released a Research Report indicating that Great Wall Motor (02333) is expected to achieve total sales of 1.2 million vehicles in 2024, which is roughly flat year-on-year, with December sales growing by 20% year-on-year to 135,000 vehicles. The penetration rate of new energy vehicles increased by 4.8 percentage points year-on-year to 26.1%, with total export sales reaching 453,000 vehicles for the year. The firm stated that in the automotive Industry, product upgrades and the expansion of overseas markets have become key drivers for corporate development. Great Wall Motor is actively promoting its product layout, with new models or facelifts planned for the Haval, WEY, Tank, and Ora brands to be launched in the first half of 2025, enriching the product line.
Global EV Battery Market Share in Jan-Nov 2024: CATL 36.8%, BYD 17.1%
Trump wields the "big stick"! Tariffs will become a hot topic at CES 2025.
At this consumer-centric gala, tariffs, a topic that is usually not significant, will become the focus of heated discussions.
China Automotive Circulation Association: From December 23 to 29, 2024, the average daily trading volume of used cars rose to 0.0703 million units, an increase of 1.53% compared to the previous period.
The China Automobile Circulation Association released the weekly report on used cars (December 23, 2024 - December 29, 2024).
China's EV, Hybrid Cars May Witness Double-Digit Sales Dip in January -- Market Talk
The Great Wall's profit responsibility has been upgraded.
The new year begins.
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