HK Stock Market Move | Great Wall Motor (02333) rose by more than 3% in July and its sales steadily increased. Institutions are optimistic about its acceleration in the development of new energy transformation.

Great Wall Motor (02333) rose more than 3%, at the time of publication, it was up 3.14% to HK$13.8, with a turnover of HK$2.23 billion. In terms of news, Great Wall Motor recently announced that in July, total car sales reached 104,372 units, an increase of 14.34% year-on-year, with new energy vehicle sales reaching 34,593 units, an increase of 43.27% year-on-year. Changjiang believes that in the short to medium term, the company's accelerated international expansion, combined with the accelerating shift to new energy vehicles in China and the increasing proportion of high-value models such as Tank, is expected to boost the company's sales and performance growth. In the long term, the company's four major expansion strategies will open up long-term growth space for sales, while the intelligent transformation will open up profitability space across the entire industry chain. Guo Zheng Guoji International expressed optimism about Great Wall Motor's accelerated development in new energy vehicle transformation, which will drive sales and performance growth.