Geelong Hui January 2nd | Founder Securities Research Reports pointed out that Great Wall Motor (601633.SH) experienced month-on-month and year-on-year growth in December sales, with WEY performing impressively, and a 'recommended' rating was given. The company achieved sales of 0.135 million vehicles in December, a year-on-year increase of 20.3%, with a total cumulative sales of 1.233 million vehicles in 2024, an increase of 0.2% year-on-year. Among them, the cumulative sales of New energy Fund reached 0.322 million vehicles for the year, a year-on-year increase of 22.8%, with a penetration rate of 26.1%, up 4.8% year-on-year. The company has a rich layout of overseas production capacity, and with the establishment of the Brazil factory in 2025 and multiple KD factories, the company's overseas market is expected to further strengthen. With the application of Hi4-Z technology and accelerated transformation towards Asia Vets, the company is likely to welcome a strong new product cycle in 2025, helping sales achieve rapid growth.