Great Wall Motor faces YoY drop in Jan. 2025 vehicle sales, but overseas sales still grow

Shanghai (Gasgoo)- In January 2025, Great Wall Motor ("GWM") recorded a sales volume of 80,933 new vehicles, which decreased 22.2% over the previous year, according to an announcement the company issued a few days ago.

By the end of January this year, GWM had so far sold around 14,982,100 vehicles worldwide.

Among the vehicles sold last month, 22,263 units were contributed by the new energy vehicle (NEV) sector. In the same period, the company recorded a sales volume of 28,016 vehicles for its overseas business, representing a year-on-year growth of 6.23%.

Breaking down the sales performance by specific brands, HAVAL ranked highest with 48,557 vehicles sold last month, representing a 17.84% drop from the year-ago period. WEY brand was credited the only brand to achieve an upward movement (+49.42% YoY) with 5,007 vehicles sold in the same period. Both Great Wall Pick-up and ORA brands faced a two-digit year-on-year drop in their respective January sales. In addition, TANK sold 12,845 vehicles in the month, posting a year-on-year decline of 35.99%.

GWM anticipates a net profit attributable to shareholders of 12.4 billion yuan to 13 billion yuan for 2024, marking an increase of around 5.38 billion yuan to 5.98 billion yuan compared to the previous year. This represents a year-on-year surge of 76.6% to 85.14%.

Excluding non-recurring gains and losses, the company also expects a net profit of 9.4 billion to 10 billion yuan for the same year, an increase of roughly 4.57 billion yuan to 5.17 billion yuan compared to the prior year, indicating a year-on-year spike of 94.47% to 106.88%.