Gelonghui, May 28 | According to the Shanghai Securities Research Report, Great Wall Motor (601633.SH) has now developed into a domestic SUV and pickup truck giant. In 2023, new models of the Haval brand Dragon Series, Weipai Blue Mountain Takayama, and Tank Hi4 series were intensively released, which led to a marked recovery in sales. In 2023, the company's cumulative sales volume was 1.23,700 units, +15.29% over the same period last year. The company's six core component companies are heavily woven to lay the foundation for the intelligent transformation of electrification. The company's new energy transformation progressed steadily, and the rise of hardcore off-road tanks+steady growth in overseas sales helped grow revenue and profits rapidly. It was covered for the first time, giving it a “buy” rating.
研报掘金丨上海证券：长城汽车新能源转型稳步推进，首予“买入”评级
Research Report Nuggets丨Shanghai Securities: Great Wall Motor's new energy transformation is progressing steadily, with the first “buy” rating
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