|Bid||0.5936 x 1000000|
|Ask||0.6144 x 1000000|
|Day's Range||0.5930 - 0.6078|
|52 Week Range||0.4750 - 0.8000|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||6.02|
|Forward Dividend & Yield||0.04 (6.22%)|
|1y Target Est||N/A|
Great Wall Motor Company Limited (HKG:2333), which is in the auto business, and is based in China, received a lot of...
Chinese suppliers and manufacturers have stepped up their presence at the Frankfurt auto show, capitalising on a strong position in electric technologies forced on European carmakers by regulators seeking to curb pollution. Europe's automakers face multibillion-euro investments to develop electric and autonomous cars, forcing them to rely on Chinese companies for key technologies such as lithium ion battery cell production, an area where Asian suppliers dominate.
FRANKFURT/BEIJING (Reuters) - China's Great Wall Motor may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas markets. Great Wall, the top sport-utility vehicle and pickup truck maker in China, is now exploring sales and production in overseas markets to expand its global influence and seek higher profit, as growth in the world's largest auto market slows. The company plans to start selling WEY-branded SUVs to the European Union in two years, Chairman Wei Jianjun told Reuters in an interview on the sidelines of the Frankfurt auto show, referring to its more premium brand.
China's Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for developing a low-cost electric car. The regulatory questions are over whether the joint venture will be able to obtain the required approvals for building a joint factory, Great Wall said in a stock market filing made in response to media reports that the alliance was in trouble. Since February 2018 BMW and Great Wall have worked on plans to build a low-cost electric vehicle on a joint platform which BMW would use for the Mini brand and Great Wall would use for its own brand.
China Passenger Car Association posted China vehicle sales declined 18% YoY in April, where Great Wall Motor reported that vehicle sales growth slowed to 2.5% in April from 16.8% in March. Great Wall Motor confirms a downside breakout, breaking below a bullish trend line. Below key resistance at HK$6.44, downside targets at HK$5.64 and HK$5.30.