Guolian Securities: Great Wall Motors' new energy vehicles and overseas expansion maintain high growth rates, maintaining a "buy" rating.

Guolian Securities research report pointed out that Great Wall Motors' car sales in April reached 100,000 units, an increase of 5.6% year-on-year and 2.1% month-on-month; the cumulative car sales from January to April reached 357,000 units, a decrease of 3.6% year-on-year. In April, Haval's sales increased both year-on-year and month-on-month, with the launch of several new models expected to boost future sales performance. According to the company's 2024 annual report outlook, in 2025 the company will accelerate its smart strategy, promote the comprehensive popularization of advanced driver assistance systems products, focus on user experience, and build a safe, intelligent, and inclusive future travel ecosystem. With the company's continued introduction of new models equipped with advanced driver assistance systems, its competitiveness in car models will further improve, with the potential for further sales growth. The company continues to promote its brand, with new energy and overseas markets maintaining high growth rates, maintaining a "buy" rating.