Ge Long Hui A P P·2025-08-04 06:22Core Viewpoint - Minsheng Securities report indicates that Great Wall Motors' wholesale sales in July reached 104,000 units, representing a year-on-year increase of 14.3% but a month-on-month decrease of 5.7% [1] Sales Performance - Cumulative wholesale sales from January to July totaled 674,000 units, showing a year-on-year increase of 3.6% [1] - Tank brand's wholesale sales in July were 20,000 units, up 7.2% year-on-year but down 7.2% month-on-month [1] - Wey brand's wholesale sales in July reached 10,000 units, reflecting a significant year-on-year increase of 263.3% but a slight month-on-month decrease of 1.5% [1] New Product Launches - The all-new Tank 500 Hi4-T/Hi4-Z is set to begin pre-sales in August, with an expected market launch in Q3 2025 [1] - The vehicle will feature Hesai ATX ultra-high-definition lidar and advanced driver assistance systems, focusing on enhancing off-road performance and efficiency [1] Strategic Developments - The new flagship SUV from Wey is expected to be the first model on the "All-Power Intelligent Super Platform," which is based on SOA architecture to achieve vehicle intelligence [1] - The platform will incorporate industry-leading VLA large models, aiming to elevate the brand's high-end image and potentially boost sales [1] International Expansion - In July, the company's overseas wholesale sales were 41,000 units, marking a year-on-year increase of 4.9% and a month-on-month increase of 2.5% [1] - Cumulative overseas wholesale sales from January to July were 239,000 units, reflecting a year-on-year decrease of 17.5% [1] - The Brazilian factory is scheduled to start production in August, which is expected to enhance the company's presence in the Latin American market [1] Future Outlook - The company is expected to see steady growth in overseas sales as it localizes operations in Brazil [1] - The promotion of new products both domestically and internationally is progressing well, with a rapid increase in the share of new energy intelligent models [1] - The high-end intelligent route is becoming increasingly clear for the company [1]