Great Wall Motor sees Oct. sales leap 17.86% from a year earlier
Shanghai (ZXZC)- Great Wall Motor (GWM), the Chinese biggest SUV and pickup manufacturer, said its sales hit a new high of 135,559 units in October, rising 18% year on year and 15% month on month respectively.
For the year-to-date performance, the automaker sold 816,249 new vehicles in total, a year-over-year decrease of 2.73%, which were 3.27 percentage points less than the decrease in the Q1-Q3 sales.
The outstanding monthly growth was buoyed by the rising demands of Haval, Great Wall Pickup and ORA.
Third-generation Haval H6; photo credit: GWM
As GWM's biggest sales force, Haval sold 97,950 vehicles (+13.32% YoY) in October and 542,931 units (-10.66% YoY) in the Jan.-Oct. period. The Haval H6, which has been long honored the hottest-selling SUV model in China, had a sales volume of 52,734 units, a 30% growth compared to both the year ago and the month ago. Notably, the sales of the third-generation Haval H6 reached 20,775 units.
Haval Dagou; photo credit: GWM
As of October, GWM had sold a total of 10,058 Haval Dagou SUVs since the model hitting the market on Sept. 25. Moreover, the sales of the Haval M6 and F7 reached 16,657 units and 13,090 units, growing 13% and 4% month on month respectively.
WEY VV7; photo credit: GWM
WEY sold 9,076 vehicles last month. The SUV brand expects a future growing sales volume with the launch of such new products as the Tank 300.
ORA Heimao; photo credit: GWM
ORA boasted a remarkable year-on-year hike of 352% by selling 8,011 vehicles in October. Of those, the sales of the Heimao (previously named ORA R1) soared 287% over a year ago to 6,269 units.
The BEV-focused brand is making continued efforts to lift market share by rolling out new products. The subcompact SUV ORA Haomao is set to go on sale on Nov. 24.
GWM aims to raise not more than 8 billion yuan ($1,194,083,200) by issuing convertible corporate bonds, the company announced on November 6. After deduction of issuance expenditure, the proceeds will be used for the R&D of new vehicle models and auto-related digital technologies.