GWLLF News and Press, Great Wall Motor Co. Ltd. From 02/11/21

Great Wall Motor registered the second-highest quarterly net income in the company's history in 4Q 2020, with earnings of RMB2.8 billion representing a +78% YoY growth. The company's new vehicle sales volume increased by +73% YoY in January 2021, and market consensus expects its net p...

China's retail sales of passenger cars rose 25.7% Y/Y to 2.16M vehicles, the strongest growth since September 2016 - China Passenger Car Association.Sales of electric cars expanded 281.4% Y/Y to 158K in January but dropped 23.9% M/M.Retail sales declined 20% in January 2020 and 7% in December...

According to Edmunds, EV sales were 1.9% of total retail sales in the U.S. in 2020 and expect this number to grow to 2.5% in 2021."After years of speculation and empty promises, 2021 is actually shaping up to be a pivotal year for growth in the EV sector," said Jessica Caldwell, Edmunds'...

Electric vehicles are upending the status quo of internal combustion vehicles, just like ICE vehicles once displaced the horse-drawn carriage. While many people may be familiar with EV pioneer Tesla, there is an entire ecosystem of battery producers and lithium mining firms that are p...

As the market recovers, China’s sales of SUVs, minivans and sedans rose by double digits in November but were below pre-pandemic levels for the year. Sales rose 11.6%Y/Y to 2.3M, according to the China Association of Automobile Manufacturers.Total vehicle sales, including trucks and bu...

Great Wall Motor's share price surged by +179% year-to-date, which is mainly attributable to the market's optimism with regards to the company's new product cycle. Also, Great Wall Motor has yet to gain a firm foothold in the electric vehicle market, as compared to the company's marke...

Loup Ventures estimates that electric vehicle deliveries in China will grow to 3.5M in 2023, 5.1M in 2025 and 13.3M in 2035 if Beijing stays supportive. Loup's breakdown: "As the biggest EV growth market over the next decade, China represents the single largest opportunity for EV makers....

Vehicle sales in China including trucks and buses rose 12.5% Y/Y in October as the industry recovered from the coronavirus. However, the sales were down from September’s 17.4%. Sales in the biggest global auto market surged to 2.6M. Passenger vehicle sales rose 9%, with some autom...

As market revives, China’s vehicle sales rose 12.8% Y/Y to 2.57M vehicles, up from August’s 11.6% growth, according to the China Association of Automobile Manufacturers ((CAAM)).Sales of passenger vehicles rose 8% for the month.For the first nine months, sales declined 6.9% Y/Y ...

Chinese EV automaker Evergrande New Energy Vehicle Group is looking to raise new money to fund its aggressive growth plans, according to South China Morning Post. More news on: BYD Company Limited, NIO Limited, XPeng Inc., Consumer stocks news Read more ...