Stock Track | GWMOTOR Plummets 5.21% Intraday Amid Broad EV Sector Weakness in January Sales

Stock Track

02/02

GWMOTOR's stock price plummeted 5.21% during intraday trading on Monday, reflecting broader weakness in the electric vehicle sector following the release of January sales data.

The decline comes as Chinese EV makers listed in Hong Kong fell in early trading after January sales data released Sunday revealed widespread weakness across the industry. While GWM sold 90,312 vehicles in January, representing an 11.59% year-on-year increase, this figure marked a 27.18% decrease from December sales.

The broader EV market showed similar patterns, with most major Chinese automakers reporting declines in January sales compared to both the previous month and year-ago periods, contributing to the sector-wide selloff that impacted GWMOTOR's stock performance.

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