Gold prices just lower; monthly gains on track
Investing.com - HSBC upgraded Great Wall Motor Co Ltd. (HK:2333) (OTC:GWLLF) from Hold to Buy and significantly raised its price target to HK$21.60 from HK$11.90.
The upgrade follows strong performance from Great Wall’s new and refreshed models launched in the second and third quarters of 2025. The refreshed Tank 300, introduced in March, has achieved average monthly sales exceeding 11,000 units from April to July, compared to 8,700 units per month earlier in 2024.
New models including the Tank 500 and Haval Menglong, both launched in August, have demonstrated strong initial demand with over 20,000 and 10,000 orders respectively within 24 hours of their release.
HSBC cited upgrades to intelligent cockpit systems, interior comfort, powertrain performance, and extended battery range as key factors driving volume growth, while the company has maintained or even reduced prices compared to older models.
Additional new models under the WEY brand, including the MPV Gaoshan 7 and a flagship SUV scheduled for release in the second half of 2025, are expected to further enhance Great Wall’s competitiveness through compelling product specifications and pricing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.