Hong Kong Stock Alert | GWMOTOR (02333) Surges Nearly 5% Against Market Trend as New Tank 500 Officially Launches, Securing 12,257 Orders Within Two Hours

Stock News
Aug 28

GWMOTOR (02333) surged nearly 5% against the market trend. As of press time, the stock gained 4.71% to HK$18.91, with trading volume reaching HK$268 million.

On the news front, Great Wall Motor Company officially launched the new Tank 500 on August 27, priced between 335,000-375,000 yuan. Tank brand Executive Vice President Gu Yukun posted on social media last night that the new Tank 500 secured 12,257 pre-orders within just two hours.

Shenwan Hongyuan recently noted that Great Wall Motor's fundamental logic remains unchanged since the second quarter, continuing to focus on volume growth of the two highly profitable brands - WEY and Tank. Following the Lanshan upgrade and the launch of Gaoshan 7, WEY's monthly sales are expected to reach 20,000 units. If new platform models continue to be introduced, 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-listed shares currently trade at a relatively low PE ratio, offering high value proposition and sustained recommendation value in both short and medium terms.

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