Great Wall Motor (02333) surged over 5%, rising 5.15% to HK$17.77 with trading volume reaching HK$410 million as of press time.

On the news front, Great Wall Motor officially launched its Haval Dragon 2026 PHEV on August 19, with pricing ranging from 173,800 yuan to 208,800 yuan, and limited-time trade-in prices from 153,800 yuan to 188,800 yuan. According to the official WeChat account disclosure last night, the Haval Dragon 2026 received 21,856 orders within 24 hours of launch.

Earlier on August 11, Great Wall Motor launched pre-sales for the new Tank 500 Smart Edition, offering two variants: the Hi4-Z Smart Edition priced at 388,800 yuan and the Hi4-T Smart Edition at 360,000 yuan. The Tank 500 achieved over 11,000 pre-orders in its first 24 hours and recorded 1,932 orders during the first weekend.

Shenwan Hongyuan Securities noted that Great Wall Motor's fundamental logic remains unchanged since the second quarter, continuing to focus on scaling up its two high-profit brands, WEY and Tank. Following the Lanshan upgrade and the launch of Gaoshan 7, WEY's monthly sales are expected to approach 20,000 units. With continuous introduction of new platform models, the sales ceiling will be further elevated, significantly enhancing profit elasticity. Meanwhile, the Tank 500's pre-sale performance has been impressive.

The company's Hong Kong stock PE ratio is currently low, offering high cost-effectiveness and sustained recommendation value in both short and medium terms. The securities firm suggests investors pay close attention to the stock.