GXED(SH:600617) Zhong Guo Xin Wen Wang·2025-08-31 15:43Core Insights - The South African automotive market is increasingly embracing Chinese electric vehicles, particularly hybrids, as showcased at the Johannesburg Auto Festival [1][2] - Chinese brands are gaining popularity due to their diverse offerings, advanced technology, and competitive pricing [1][2] Company Highlights - Great Wall Motors has been operating in South Africa for 18 years, offering a full range of powertrains including gasoline, diesel, hybrid, plug-in hybrid, and pure electric vehicles [2] - Chery is focusing on showcasing its hybrid technology, emphasizing efficiency, performance, and sustainability in its new energy vehicles [2] - Beijing Automotive is advancing local production with a new SUV model set to be mass-produced at its factory in Port Elizabeth, highlighting the company's commitment to local development [2] - BYD is establishing a dual-power strategy in South Africa, having launched plug-in hybrid pickups, hybrid SUVs, and pure electric SUVs this year [2] Market Trends - The South African automotive market is still predominantly fueled by gasoline vehicles, but there is a gradual shift towards electric vehicles driven by government policies and infrastructure development [2] - Chinese hybrid vehicles are becoming a focal point for local consumers due to their combination of environmental benefits and practicality [2]