GWLLF News and Press, Great Wall Motor Co. Ltd. From 05/01/21

Global electric car sales for March 2021 were up 173% YoY, reaching 8.2% share. Europe sales rose 169% YoY, reaching 16% share, while China sales rose 244% YoY, reaching 11% share. EV market news - Forecast: Electric vehicle sales will crack 5 million in 2021 reaching 7% share. Joe Bi...

Great Wall Motor's stock price dropped -13% post-results, as its 1Q 2021 earnings fell by -41% QoQ and were below market expectations. The company's profitability was weaker than expected, as a result of a spike in expenses, an unfavorable sales mix, and negative operating leverage. ...

Over 40 firms are currently selling passenger EVs in the Chinese market. Many will fail. There won't be a winner, only survivors. In the short run, sales are driven by subsidies. Those pull sales forward and make it easy to assume stronger demand than is warranted. There's a stron...

China's retail sales of passenger cars rose 69% Y/Y to 5.09M vehicles in Q1, strongest quarterly growth in recent decades, returning to pre-pandemic levels - WSJ.Last year, Q1 sales contracted 42% Y/Y due to COVID-19.1Q21 sales matched nearly 5.08M passenger cars sold in 1Q19, but fell s...

Global electric car sales for Feb. 2021 up 136% YoY reaching ~4-5% share. Europe sales up 66% YoY reaching 14% share, China sales rose 500% YoY reaching 9% share. EV market news - EU plotting ban on internal combustion engine as of 2025: Industry. UBS increases EV market share forecas...

First, the Apple (NASDAQ: AAPL) Car, and now this: On Friday, Reuters reported that Chinese smartphone maker Xiaomi (OTC: XIACF) plans to begin manufacturing electric vehicles (EVs). Citing "three people with direct knowledge of the matter," the news agency wrote that Xi...

Great Wall Motor (GWLLF) denies in an exchange filing that it is currently in talks with Xiaomi (XIACF) on making electric vehicles.Xiaomi jumped today in Hong Kong trading before the Great Wall statement was filed. An earlier report from had indicated that Xiaomi would make mass market EVS u...

Xiaomi (XIACF) is in talks to make electric vehicles (EVs) under its own brand, using Great Wall Motor's (GWLLF) factory, reports Reuters.Following an announcement, Xiaomi's share price jumped 9.2% and Great Wall Motor's stock gained 10%.Xiaomi will aim its EVs at the mass...

Global electric car sales for Jan. 2021 up 112% YoY reaching 5% share. Europe sales up 50% YoY reaching 14% share, China sales rose 223% YoY reaching 8.4% share. EV market news - Bloomberg forecasts that "EV Investment growth to exceed renewable energy investments." President Biden is...

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...