Group 1 - The core point of the article is the collaboration between Great Wall Motors and the Chinese Arctic and Antarctic Administration, marking the company's first formal participation in polar scientific research with its Tank 300 diesel model being used for Antarctic missions [1][3]. - Great Wall Motors will engage in joint research projects focusing on vehicle development and testing for polar conditions, aiming to integrate private automotive technology with national scientific research requirements [3][6]. - The Tank 300 diesel model has been designated as a "selected product for China’s Arctic and Antarctic expeditions," highlighting its role in transportation and support for scientific tasks at the Great Wall Station in Antarctica [8]. Group 2 - The signing ceremony included a visit from experts of the Chinese Arctic and Antarctic Administration to Great Wall Motors' technical center, where they observed the Tank 300 undergoing extreme cold environment testing [5][6]. - The Tank 300 demonstrated its capabilities in extreme conditions, successfully performing key operations such as one-button start, defrosting, and heating in simulated polar storm environments at nearly -30°C [6]. - Great Wall Motors has established a comprehensive testing system covering over 2,000 test items across various dimensions, ensuring its vehicles meet global high standards for safety, thermal management, and durability [6].

证券之星消息，10月14日乘用车板块较上一交易日下跌0.61%，长城汽车领跌。当日上证指数报收于 3865.23，下跌0.62%。深证成指报收于12895.11，下跌2.54%。乘用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000572 | 出版中集 | 5.90 | 5.92% | 204.54万 | 12.26 Z | | 000625 | 长安汽车 | 12.54 | 0.32% | 184.21万 | 23.30亿 | | 002594 | 比亚迪 | 105.99 | 0.28% | 76.78万 | 82.44亿 | | 601238 | 广汽集团 | 7.53 | 0.00% | 28.63万 | 2.17亿 | | 600733 | 北汽蓝谷 | 7.68 | -1.16% | 106.84万 | 8.31亿 | | 601127 | 審力斯 | 159.53 | -1.22% | 34.51万 | 55.97 Z | | 600104 | 上汽集团 ...

Core Viewpoint - The chairman of Great Wall Motors, Wei Jianjun, expresses strong opposition to the influence of capital in the automotive industry, likening certain companies to "Evergrande" and emphasizing the need for sustainable practices in vehicle manufacturing [8][9]. Sales Performance - In the first nine months of 2025, Great Wall Motors achieved total sales of 923,400 vehicles, marking an 8.15% year-on-year increase [2][9]. - The sales breakdown includes: Haval brand at 528,500 units (up 12.03%), WEY brand at 63,600 units (up 96.35%), Great Wall pickup trucks at 136,200 units (up 3.11%), Ora brand at 29,700 units (down 37.06%), and Tank brand at 165,100 units (down 2.75%) [9]. Channel Adjustments - Great Wall Motors is currently adjusting its direct sales channels, with the Tank series withdrawing from direct sales and returning to dealer networks, while the WEY brand becomes the sole focus of the direct sales system [3][5][7]. - The direct sales brand, initially named "Great Wall Intelligent Retail," is reportedly being renamed to "WEY New Energy Direct Sales" [7]. Financial Performance - In the first half of 2025, Great Wall Motors reported revenue of 92.335 billion yuan, a 0.99% increase year-on-year, and a net profit of 6.337 billion yuan, a 10.21% decrease [9]. - The second quarter of 2025 saw revenue of 52.348 billion yuan, a 7.78% year-on-year increase and a 30.81% quarter-on-quarter increase, marking the best second-quarter revenue performance in history [9]. Industry Insights - Wei Jianjun highlights the challenges faced by automotive dealers, particularly in lower-tier cities, and the need for direct sales to connect with high-end consumers [7]. - He warns that the current trend of capital-driven sales strategies could harm the industry, leading to unsustainable practices and financial mismanagement [8][9].

Core Viewpoint - Great Wall Motors is undergoing significant adjustments in its direct sales channels, with the Tank brand exiting the direct sales system and the "Great Wall Smart Selection" being renamed to "WEY New Energy Direct Sales" [2] Group 1: Direct Sales Channel Adjustments - The Tank brand has completely withdrawn from the direct sales system, while the original "Great Wall Smart Selection" stores have been transformed into WEY exclusive stores, focusing solely on WEY models [2] - In Beijing, many former "Great Wall Smart Selection" stores have completed their transformation, retaining only the main WEY models: Blue Mountain, High Mountain, and Mocha [2] - The new operational model separates sales and service, ensuring the purity of the WEY direct sales system while maintaining after-sales service for Tank users [2] Group 2: Sales and Market Performance - Despite the Tank brand's exit from direct sales, the sales network through authorized dealers remains unaffected, allowing continued sales of Tank models like Tank 700, Tank 300, and Tank 400 [2] - The WEY direct sales network, which was launched on April 24, 2024, aims to enhance brand presence through various formats, with plans to expand from 430 stores to over 600 by the end of 2025, covering approximately 200 cities [2] Group 3: Sales Data Insights - In September 2025, Great Wall Motors achieved total sales of 133,639 vehicles, a year-on-year increase of 23.29%, with 45,961 of these being new energy vehicles and 50,269 sold overseas [4] - The WEY brand's sales reached 11,026 units in September, reflecting a 63.23% increase year-on-year, while the Tank brand's sales were 21,441 units, up 14.41% [4] Group 4: Global Strategy and Market Position - Great Wall Motors is also focusing on its global strategy, with a notable presence in Australia, where it held the "GWM TECH DAY" event to showcase its technology [5] - As of September 2025, Great Wall Motors has sold 39,343 units in Australia, marking a 23.7% year-on-year growth and achieving a market share of 4.3%, ranking seventh among brands and first among Chinese brands [5] - The adjustment in the direct sales channel is seen as a crucial step in the company's transition to new energy, optimizing resource allocation and enhancing brand differentiation [5]

港交所消息：10月8日， 贝莱德 持有的 长城汽车 H股多头头寸从6.71%增至7.24%。 ...

（於中華人民共和國註冊成立的股份有限公司） ，2025 10月13日 股份代號：2333（港幣櫃檯）及82333（人民幣櫃檯） 董 事 會 會 議 通 知 長城汽車股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司董事會會議 將於2025年10月24日（星期五）於中國河北省保定市朝陽南大街2266號舉行，藉以審議及批 准（其中包括）本公司及其子公司截至2025年9月30日止3個月之未經審計的第3季度業績 （以《中國企業會計準則》編製）。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任 。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* 非執行董事：何平先生。 獨立非執行董事：樂英女士、范輝先生及鄒兆麟先生。 * 僅供識別 於本公告日期，董事會成員如下： 執行董事：魏建軍先生、趙國慶先生及李紅栓女士。 職工董事：盧彩娟女士。 ...

格隆汇10月13日丨长城汽车(02333.HK)宣布，本公司董事会会议将于2025年10月24日（星期五）于中国 河北省保定市朝阳南大街2266号举行，藉以审议及批准（其中包括）本公司及其子公司截至2025年9月 30日止3个月的未经审计的第3季度业绩（以《中国企业会计准则》编制）。 ...

，2025 10月13日 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任 。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 股份代號：2333（港幣櫃檯）及82333（人民幣櫃檯） 董 事 會 會 議 通 知 長城汽車股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司董事會會議 將於2025年10月24日（星期五）於中國河北省保定市朝陽南大街2266號舉行，藉以審議及批 准（其中包括）本公司及其子公司截至2025年9月30日止3個月之未經審計的第3季度業績 （以《中國企業會計準則》編製）。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 於本公告日期，董事會成員如下： 執行董事：魏建軍先生、趙國慶先生及李紅栓女士。 職工董事：盧彩娟女士。 非執行董事：何平先生。 獨立非執行董事：樂英女士、范輝先生及鄒兆麟先生。 * 僅供識別 ...

Core Viewpoint - The partnership between Great Wall Motors and the Chinese Arctic and Antarctic Administration marks a significant step for a private automotive company to enter the national polar research equipment support system, enhancing the technical strength and value positioning of Chinese automotive brands [3][11]. Group 1: Partnership and Recognition - The signing ceremony signifies the entry of private manufacturing power into the national polar equipment support system, showcasing the technical capabilities of Great Wall Motors [3]. - The Chinese Arctic and Antarctic Administration recognized Great Wall Motors for its commitment to "reliable quality," with the Tank 300 diesel version being a mass-produced model without special modifications, tasked with real operational duties in polar research [4][11]. Group 2: Technical Involvement and Data Collection - Great Wall Motors' technical personnel will participate in polar research tasks, creating a closed-loop system of "on-site support - data feedback - technical optimization" [6]. - The Tank 300 underwent extreme cold environment testing, successfully completing critical operations such as one-button start and defrosting after prolonged exposure to simulated severe weather conditions [6][9]. Group 3: Testing and Validation System - The global all-scenario testing and validation system, with an investment of approximately 1 billion yuan, supports the Tank 300's capability to operate in extreme conditions, filling a gap in domestic automotive testing [7][9]. - The environmental wind tunnel can replicate extreme climate conditions, with temperature control from -40°C to 60°C and humidity from 5% to 95% RH, enabling comprehensive testing for polar and desert environments [7][9]. Group 4: Strategic Alignment and Market Impact - The collaboration aligns with national strategic needs for autonomous equipment in polar research, injecting private manufacturing strength into this critical area [11]. - The partnership allows for real-time technical support during research missions, with data collected to enhance the performance of civilian models in extreme environments, thereby reshaping international perceptions of Chinese automotive capabilities [11][13].

Core Insights - Great Wall Motors Co., Ltd. has obtained a patent for a "Thermal Management System and Vehicle," with the authorization announcement number CN 119408375 B, and the application date is December 2024 [1] Company Overview - Great Wall Motors Co., Ltd. was established in 2001 and is located in Baoding City, primarily engaged in the automotive manufacturing industry [1] - The company has a registered capital of 85,589.45933 million RMB [1] - Great Wall Motors has invested in 74 enterprises and participated in 2,668 bidding projects [1] - The company holds 5,000 trademark records and 5,000 patent records, along with 640 administrative licenses [1]