Caitong's Research Reports indicate that in December, Great Wall Motor (601633.SH) total sales amounted to 0.135 million vehicles, an increase of 20.25% year-on-year. Among them, sales of Electric Vehicles were 0.042 million units, up 41.55% year-on-year; overseas sales were 0.041 million vehicles, up 23.35% year-on-year. The company launched a new generation of intelligent driving system, Coffee Pilot Ultra, and the smart space system, Coffee OS 3, with nationwide full-scenario NOA opening. The company is steadily advancing globalization production, with the Brazil factory expected to start production by mid-2025. The Great Wall Motor S2000, the first travel vehicle from the brand, is officially launched, uniquely equipped with a horizontally opposed 8-cylinder engine and an 8DCT powertrain. Maintaining a 'Shareholding' rating.