$GWMOTOR (02333.HK)$ The issue with Great Wall isn't about favorable factors; the entire Hong Kong stock market is struggling. Look at BYD and GAC – which one has poor performance?
Great Wall’s sales have been surpassed by many domestic competitors. WEY brand sales are declining, and ORA’s future models are quite niche. On the other hand, Geely, Lynk & Co, Zeekr, and Geometry have all achieved great success. Automakers should first capture the market before considering how much profit to make.
Great Wall’s Q3 earnings were very strong, precisely reflecting its low sales volume in new energy vehicles. Sacrificing future development for short-term profits might really only work as a short-term strategy.