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Great Wall Automobile reports a 9.52% year-on-year increase in car sales in August

2024-11-22 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)09/09 Report--

Today, Great Wall released car sales figures for August 2019. In August this year, Great Wall car sales exceeded 70, 000, with a total of 70199, up 16.31% from the previous month and 9.52% from the same period last year. From January to August, the cumulative sales of Great Wall Motor has exceeded 620000, reaching 624094, a year-on-year increase of 5.79%, and further increase in market share.

In overseas markets, Great Wall exported a total of 7728 new cars in August, accounting for more than 10 per cent of total sales, up 102.83 per cent from January to August, up 43.79 per cent. The potential energy of growth is gradually released. With two consecutive months of substantial growth, Great Wall Motors continues to lead the gradual progress of Chinese car brands with practical actions.

Harvard, a subsidiary of Great Wall, sold 50239 vehicles in August, up 17.04 per cent from a year earlier. From January to August, the Harvard brand sold nearly 450000 vehicles, reaching 445999, a year-on-year increase of 9.98 per cent.

Harvard H6 handed in its report card of 25097 vehicles in August, an increase of 8.74% from the previous month, and won the top spot in the SUV market for 75 months. The stable performance of the Harvard H6 has synchronously led to the progress of other models of the Harvard brand. SUV Harvard M6, a super-value home based on a cost-effective market segment, sold 6712 new cars this month, up 62.6% from a year earlier. From January to August, Harvard M6 sales totaled 53589, up 113.71 per cent from a year earlier.

Great Wall pickup has ranked first in domestic and export sales for 21 years in a row, with cumulative global sales of more than 1.6 million vehicles and a 35 per cent market share in China. In August, Great Wall pickup sold 11637 new cars, up 44.11% from the previous month and 12.27% from the same period last year. From January to August this year, the cumulative sales of Great Wall pickups reached 84590. In August, Great Wall pick-up truck brand, Great Wall Gun was officially born.

On September 6, Great Wall issued the 2019 restricted Stock and Stock option incentive Plan (draft). The incentive plan is intended to grant a total of 185.0913 million rights and interests, accounting for about 2.028% of the total shares of the company. The incentive targets include nearly 2000 directors, senior managers, core technical personnel and core business personnel.

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