Great Wall Motor May Focus More on Mass-Market Segment Next Year -- Market Talk

Dow Jones

2024-12-03

0315 GMT - Great Wall Motor may have changed its strategy to focus on the more competitive mass-market segment next year instead of high-margin niche segments, Deutsche Bank analyst Bin Wang writes in a note. The company plans to launch a new hybrid SUV in 1H 2025 and a large off-road SUV in 2H 2025, Wang notes. The Chinese automaker expects Latin America to become a key volume driver for overseas volumes in 2025, he says. Great Wall Motor's Brazil plant will start production in mid-2025 and it has established a well-covered sales distribution network in the region, including 88 dealers in the Brazil market and 50 dealers in the Mexico market, Wang adds. The brokerage maintains a buy rating on the stock with a HK$14.70 target. Shares are last at HK$13.08. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 02, 2024 22:15 ET (03:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The company plans to launch a new hybrid SUV in 1H 2025 and a large off-road SUV in 2H 2025, Wang notes. The Chinese automaker expects Latin America to become a key volume driver for overseas volumes in 2025, he says. Great Wall Motor's Brazil plant will start production in mid-2025 and it has established a well-covered sales distribution network in the region, including 88 dealers in the Brazil market and 50 dealers in the Mexico market, Wang adds. The brokerage maintains a buy rating on the stock with a HK$14.70 target. Shares are last at HK$13.08. 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The company plans to launch a new hybrid SUV in 1H 2025 and a large off-road SUV in 2H 2025, Wang notes. The Chinese automaker expects Latin America to become a key volume driver for overseas volumes in 2025, he says. Great Wall Motor's Brazil plant will start production in mid-2025 and it has established a well-covered sales distribution network in the region, including 88 dealers in the Brazil market and 50 dealers in the Mexico market, Wang adds. The brokerage maintains a buy rating on the stock with a HK$14.70 target. Shares are last at HK$13.08. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 02, 2024 22:15 ET (03:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"601633","symbol_name":"長城汽車","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488937930","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488937930","pubTimestamp":1733195700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0315 GMT - Great Wall Motor may have changed its strategy to focus on the more competitive mass-market segment next year instead of high-margin niche segments, Deutsche Bank analyst Bin Wang writes in a note. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"82333":"长城汽车-R","601633":"长城汽车","BK1119":"汽车制造商","BK1539":"汽车股","BK4099":"汽车制造商","02333":"长城汽车","GWLLY":"长城汽车ADR"},"translate_title":"长城汽车明年或将更专注于大众市场--市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82333":0.6,"601633":0.6,"02333":0.9,"GWLLY":0.9},"content_text":"0315 GMT - Great Wall Motor may have changed its strategy to focus on the more competitive mass-market segment next year instead of high-margin niche segments, Deutsche Bank analyst Bin Wang writes in a note. The company plans to launch a new hybrid SUV in 1H 2025 and a large off-road SUV in 2H 2025, Wang notes. The Chinese automaker expects Latin America to become a key volume driver for overseas volumes in 2025, he says. Great Wall Motor's Brazil plant will start production in mid-2025 and it has established a well-covered sales distribution network in the region, including 88 dealers in the Brazil market and 50 dealers in the Mexico market, Wang adds. The brokerage maintains a buy rating on the stock with a HK$14.70 target. Shares are last at HK$13.08. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 02, 2024 22:15 ET (03:15 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}