GWMOTOR(SH:601633) 汽车琰究·2025-07-03 01:24Core Viewpoint - The company shows strong sales performance in June 2025, with notable growth in specific brands and a positive outlook for new product launches and international expansion [1][2][3][4]. Group 1: Sales Performance - In June 2025, the company achieved wholesale sales of 111,000 units, representing a year-on-year increase of 12.9% and a month-on-month increase of 8.3% [1]. - The cumulative wholesale sales for the first half of 2025 reached 570,000 units, reflecting a year-on-year growth of 1.8% [1]. - Specific brand performances include: - Haval: 62,000 units sold in June, up 30.7% year-on-year and 8.2% month-on-month; cumulative sales of 321,000 units, up 7.2% year-on-year [1][3]. - Wey: 10,000 units sold in June, up 247.0% year-on-year and 65.5% month-on-month; cumulative sales of 34,000 units, up 73.6% year-on-year [1][2]. - Pickup trucks: 13,000 units sold in June, down 13.4% year-on-year and 14.8% month-on-month; cumulative sales of 96,000 units, up 4.7% year-on-year [1]. - Ora: 3,000 units sold in June, down 45.6% year-on-year and up 67.4% month-on-month; cumulative sales of 14,000 units, down 56.2% year-on-year [1]. - Tank: 22,000 units sold in June, down 17.2% year-on-year and up 3.2% month-on-month; cumulative sales of 104,000 units, down 10.7% year-on-year [1]. Group 2: New Product Launches - The company plans to launch new models for the Wey brand starting in Q3 2025, including a new SUV featuring advanced technology and a high-performance battery system [2]. - Haval is set to release a mid-cycle facelift of the Big Dog Hi4 version in July 2025, along with a new flagship model, the Menglong PLUS, expected in the second half of 2025 [3]. - The new models aim to enhance the product matrix and strengthen the brand's positioning in the off-road segment, potentially driving overall sales growth [3]. Group 3: International Expansion - The company's overseas wholesale sales reached 40,000 units in June, up 5.2% year-on-year and 16.0% month-on-month; cumulative sales for the first half of 2025 were 198,000 units, down 1.9% year-on-year [4]. - The company is expanding its global footprint with new product launches in Thailand and Mexico, and plans to enhance its presence in the Middle East, Africa, and Latin America [4]. - The Brazilian factory is undergoing upgrades and is expected to commence production in 2025, further supporting the company's international strategy [4].