Summary of Conference Call for Great Wall Motors Company Overview - **Company**: Great Wall Motors - **Industry**: Automotive Key Points and Arguments Sales Performance - In April, Great Wall Motors sold 100,061 new vehicles, representing a year-on-year increase of 5.55% [1] - Sales of vehicles priced above 200,000 yuan reached 26,360 units, up 2.87% year-on-year [1] - New energy vehicle sales totaled 28,813 units, marking a significant year-on-year growth of 28.42% [1] - The sales of "Boxed" models reached 43,182 units, with a year-on-year increase of 24.74%, making it the top seller in China for this category [1] Model Highlights - The new generation Haval H6, equipped with a 9D dual-clutch transmission, won the Dragon Cup's World Top Ten Transmissions award [2] - The Haval brand sold 4,811 vehicles in April, a 7.92% increase year-on-year [2] - The Tank brand sold 19,201 vehicles globally, with the Tank 300 model achieving a 13.46% year-on-year increase in sales [2] Future Outlook - The company anticipates a more optimistic sales outlook for May, driven by improved delivery capabilities and new model launches [3] - The introduction of the diesel version of the Tank 300 in Thailand has generated strong demand, with over 1,000 units delivered in April [4] - The company is expanding its global high-end off-road market presence with the launch of a 4.0T V8 engine [4] Brand and Product Development - Great Wall Motors unveiled a new logo at the Shanghai Auto Show, symbolizing its brand spirit "Go With More" [5] - The company showcased several new models, including the second-generation Haval and the new Haval models designed for family needs [5] - The Hyper T model integrates new energy features with multi-purpose capabilities, emphasizing safety and performance [6] Export and International Sales - In April, the company exported approximately 32,000 vehicles, maintaining a steady performance compared to March [8] - The annual export target is set at around 520,000 units, with expectations for gradual growth in the second quarter [9] - The company is focusing on new product introductions in overseas markets, particularly in Thailand and Latin America [14] Market Challenges - The company faced challenges in the Russian market, with performance not meeting expectations due to local policy changes [9] - The overall demand for mid-range and luxury vehicles has been relatively weak, impacting sales [15] Order Trends - The pre-sale orders for the new Haval models have exceeded 10,000 units, with a higher proportion for the Haval 8 model [11] - The company reported a significant increase in orders during the holiday period, with overall orders up over 20% year-on-year [17] Market Share and Competition - Great Wall Motors aims to maintain a market share of 45% to 50% in the domestic pickup truck segment, despite a challenging market environment [21] - The company expects to see a 20% increase in pickup truck exports this year [22] Additional Important Information - The company is committed to enhancing its product offerings with advanced driver-assistance systems in new models [24] - Great Wall Motors is actively pursuing a "One GWM" brand strategy to unify its global presence and product quality [7]