HK Stock Market Move | Great Wall Motor (02333) is currently down more than 3%, with annual sales holding steady year-on-year. Analysts predict that the price war in the automotive industry will continue into this year.

Great Wall Motor (02333) is currently down more than 3%, with a decrease of 3.67% to 12.6 Hong Kong dollars, and a trading volume of 150 million Hong Kong dollars as of the time of writing. On the news front, on January 1st, Great Wall Motor released a quick report on production and sales for December 2022, with a total sales volume of 135,000 vehicles in December, an increase of 20.25% year-on-year. In 2024, Great Wall Motor has sold a total of 1.233 million vehicles, remaining flat year-on-year, breaking the million mark for the ninth consecutive year. CMB International pointed out that based on calculations, the average discount for the entire automotive-semiconductor industry in December expanded by 0.6 percentage points month-on-month. Considering that more than 140 new energy vehicle models will be launched in 2025, exceeding the 127 in 2024, it is expected that price wars will continue into 2025. The bank also noted that considering BYD Company Limited usually launches a large number of updated models after the Spring Festival, it may trigger a new round of price wars at that time.