Lates News

According to AI Express News, on October 30th, China Galaxy released a research report giving Great Wall Motors (601633.SH) a "buy" rating. The main reasons for the rating include: 1) the effectiveness of the high-end strategy, the driving force of new energy and overseas markets, leading to a gradual increase in the average price per vehicle, with the average single vehicle revenue in Q3 being 173,200 yuan, a year-on-year increase of 0.3% and a quarter-on-quarter increase of 3.6%; 2) exchange rate fluctuations affecting short-term profitability, with Q3 profits under short-term pressure, but scale effects driving ongoing optimization of expenses; 3) the continuation of a strong product cycle, expected to further improve the company's operational resilience. (Daily Economic News)