New Vehicle Models Drive Rebound in Monthly Sales, Maintaining Great Wall’s FVE at HKD 6.10
No-moat Great Wall Motor Co reported strong volume growth of 18% for February 2019, on the back of 2% growth in January. Strong sales volume was primarily driven by the firm’s Haval and Ora brands. Sales continue to benefit from the introduction of Haval F5 and F7 models at the end of 2018, despite coming at the cannibalization of Haval H6. Sales of Ora, Great Wall’s first electric vehicle brand, reached 3,500 units in February, on track to surpass our estimate of 10,000 for 2019. The sales of ...
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