CITIC Securities: Great Wall Motors accelerates diversification of export layout, speeding up transformation towards intelligent new energy direction.

The CITIC Securities report pointed out that in June, Great Wall Motors sold a total of 111,000 vehicles, an increase of 12.9% year-on-year and 8.3% month-on-month. Among them, exports and domestic sales were 40,000 and 71,000 vehicles respectively, an increase of 5.2% and 17.8% year-on-year, and 16.0% and 4.3% month-on-month. Domestic sales were mainly driven by new models such as the second-generation Xiong MAX and the all-new Gao Shan. Exports were supported by regions such as Australia, New Zealand, the Middle East, Central Asia, and South Africa. The company is accelerating its transformation towards intelligent new energy, with the launch of new vehicles in the domestic market and a change in marketing system to boost domestic sales. The accelerated expansion of overseas markets leads to stable growth in exports, which is expected to drive continuous optimization of the company's sales structure and steadily improve profitability.