Great Wall Motor (HKG:2333) saw its stock price soar by 5.19% in intraday trading, following the release of impressive July sales figures. The Chinese automaker's performance exceeded market expectations, boosting investor confidence in the company's growth trajectory.
According to a filing on the Hong Kong Stock Exchange, Great Wall Motor sold 104,372 vehicles in July, marking a significant 14.3% increase compared to the same period last year. The company's production also showed robust growth, with 101,045 units manufactured in July, representing an 18.2% year-over-year increase. These strong numbers indicate that Great Wall Motor is successfully navigating the competitive automotive market and expanding its market share.
The report also highlighted Great Wall Motor's progress in key strategic areas. New energy vehicle (NEV) sales reached 34,593 units for the month, underscoring the company's commitment to the growing electric vehicle market. Additionally, overseas sales totaled 41,088 units, demonstrating the automaker's successful expansion into international markets. Year-to-date sales through July showed a 3.6% increase to 674,161 units, further solidifying the company's positive momentum for 2025.
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