Jinwu Financial News | Great Wall Motor (02333) is fluctuating sideways after opening, with an accelerated decline in the afternoon. As of the time of writing, it is priced at HKD 13.20, down 5.04%, with a transaction volume of HKD 0.255 billion.

On the news front, the latest forecasts from investment banks including UBS Group and HSBC indicate that domestic electric vehicle sales in China (including pure electric vehicles and plug-in hybrids) are expected to grow by about 20% year-on-year by 2025, reaching over 12 million units, far exceeding international expectations. At the same time, sales of traditional combustion engine vehicles in China are expected to decline by more than 10% by 2025, dropping to less than 11 million units. China's electric vehicle sales are expected to surpass internal combustion engine vehicles for the first time next year, achieving this historical turning point years ahead of Western countries.