Great Wall Motor, a Chinese carmaker listed on the Hong Kong Stock Exchange under the ticker 2333, reported strong sales figures for the month of April. The company sold a total of 100,061 vehicles last month, marking the first time this year it has surpassed the 100,000 mark. This represents a 5.55 percent increase in sales compared to the same period last year and a 2.11 percent increase from March.
In the January-April period, Great Wall Motor sold a total of 356,868 units, showing a decrease of 3.58 percent year-on-year. Overseas markets played a significant role in the company’s sales performance, contributing about a third of the total sales volume.
Specifically, Great Wall Motor sold 32,165 units overseas in April, accounting for 32.15 percent of monthly sales. While this figure represents a decrease of 11.00 percent compared to the previous year, it is a 1.13 percent increase from March. In the January-April period, the company sold 123,055 units overseas, showing a 4.55 percent decrease year-on-year.
New energy vehicles (NEVs) also played a significant role in Great Wall Motor’s sales performance. The company sold 28,813 units of NEVs in April, contributing 28.80 percent of the monthly sales. This represents a 28.42 percent year-on-year growth and a 14.46 percent increase from March.
In contrast, Great Wall Motor’s local counterpart, BYD (listed on the Hong Kong Stock Exchange under the ticker 1211 and OTCMKTS under BYDDY), has shifted its focus to NEVs. BYD ceased production and sales of vehicles powered solely by internal combustion engines in March 2022 to concentrate on producing NEVs, including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs).
In April, BYD sold a total of 380,089 NEVs, marking a 21.34 percent increase year-on-year and a 0.71 percent increase from March. The company also achieved record sales of 79,086 NEVs overseas in April, continuing its strong performance in international markets.
Overall, Great Wall Motor’s strong sales performance in April, particularly in overseas markets and NEVs, reflects the company’s continued growth and success in the automotive industry. The focus on new energy vehicles aligns with the global trend towards sustainable transportation solutions, positioning both Great Wall Motor and BYD for continued success in the future.
