Industry dynamics

Great Wall Motor's Ora brand sells 3,088 vehicles in April, down 78% from March

Publishtime:1970-01-01 08:00:00 Views:27

In the January-April period, Ora sales were 36,842 units, down 3.5 percent from 38,159 units in the same period last year.

Great Wall Motor's electric vehicle (EV) brand, Ora, sold 3,088 vehicles in April, down 58.7 percent from 7,476 units a year ago and down 78.4 percent from 14,264 units in March, data released yesterday showed.

In January-April, Ora sales were 36,842 units, down 3.5 percent from 38,159 units in the same period last year.

Ora's production in April was 3,155 units, down 53.9 percent from 6,845 units in the same period last year, the data showed. The brand produced 36,809 units in January-April, down 2.6 percent from a year earlier.

Great Wall Motor sold 53,777 all vehicles in April, down 41.4 percent from 91,784 a year earlier.

Its best-selling Haval brand sold 29,125 units in April, down 47 percent from 55,018 units a year earlier.

The prices of the 2022 Ora Good Cat model were raised by RMB 6,000-7,000 ($1,100) after subsidies effective March 23, amid price increases by dozens of Chinese car companies.

As the first month after its prices were raised, April sales declines were to be expected. Compounding the situation is the significant impact of the Covid outbreak on China's auto supply chain.

In April, China's auto sales are expected to be 1.171 million units, down 47.6 percent from March and 48.1 percent year-on-year, the China Association of Automobile Makers (CAAM) said on May 6.

That's a projection based on weekly data submitted by key companies, the CAAM said.

In the January-April period, China's auto sales were estimated at 7.68 million units, down 12.3 percent from a year earlier, it said.

The final version of the data from the CAAM on China's April auto sales is expected to be released this week.