0812 GMT - Great Wall Motor's February sales volume will likely stay flat on month, but may recover somewhat in March, Citi analysts write in a note, citing company management. The automaker's January exports dropped on month due to the New Year holiday outside China, and it expects overseas sales growth in February and March due to postholiday promotional events. Meanwhile, the carmaker's new Tank 500 model, released this year, has secured 2,000 new orders since Jan. 2, Citi notes. Great Wall Motor will be a beneficiary of growth in the EV sector and EVs' higher market share in China, the bank says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 05, 2025 03:12 ET (08:12 GMT)
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