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GWMOTOR Soars 10%+; CLSA Upbeat About Prospects of New Models
Recommend 17 Positive 18 Negative 8 |
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GWMOTOR (02333.HK) opened up 5.38% today (12th) and climbed to a peak of $15.78. It last traded at $15.38 near the market close, up 11.77%, on a volume of 126 million shares, involving $1.935 billion. GWMOTOR soared by around 10% during today's trading session, as CLSA indicated. On March 11, the company launched Tank 300 2025 editions with a price starting at RMB199,800 and received 19,700 orders in the first 24 hours after launch. Unveiled on the same day, the Haval Xiaolong Max second-generation model is also set to hit the market soon. In CLSA's opinion, the order inflow for the new Tank 300 went beyond market expectations. GWMOTOR's product lineup is rich this year, featuring key models such as WEY Gaoshan facelift and 2-3 SUVs, Haval Xiaolong Max second-generation, and Tank’s other off-road SUVs. The broker anticipated the company to maintain its leading position in the off-road SUV and pickup segments. AAStocks Financial News |
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