|Bid||8.30 x N/A|
|Ask||8.31 x N/A|
|Day's Range||8.25 - 8.40|
|52 Week Range||5.50 - 11.12|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||19.44|
|Earnings Date||Aug 25, 2018 - Aug 25, 2018|
|Forward Dividend & Yield||0.29 (3.45%)|
|1y Target Est||6.01|
Chinese carmaker Great Wall Motor Co reported a record quarterly sales drop and tumbling profit, amid a sharp slowdown in the world's largest auto market that has spooked automakers and dealers alike. Michelle Hennessy reports.
China's Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for developing a low-cost electric car. The regulatory questions are over whether the joint venture will be able to obtain the required approvals for building a joint factory, Great Wall said in a stock market filing made in response to media reports that the alliance was in trouble. Since February 2018 BMW and Great Wall have worked on plans to build a low-cost electric vehicle on a joint platform which BMW would use for the Mini brand and Great Wall would use for its own brand.
BAODING, China/BEIJING (Reuters) - A Chinese battery maker carved out of the country's biggest sport utility vehicle manufacturer, Great Wall Motor Co Ltd, on Tuesday said it is planning its first overseas manufacturing base in Europe. SVOLT Energy Technology Co Ltd, which became independent in 2018, also said it is making "good progress" on developing a cobalt-free lithium-ion battery - a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral. "We plan to have five production bases worldwide, including in the United States, but it will take time," said SVOLT general manager Yang Hongxin at an event in the Chinese city of Baoding.
Grey Liu bought his third vehicle four months ago - a Foton pickup truck, lured by its $7,000 price tag and its ability to transport his sports motorcycle to the grasslands of northern China where he likes to ride. The Beijing-based businessman is among a growing number of drivers in China keen on pickups - either for leisure or just because they like them, expanding the market beyond traditional demand for farm, construction and maintenance work. Pickup demand - both work-related and the newer interest from mainstream consumers - has climbed on the back of an easing in government restrictions and last year China became the world's second-biggest pickup truck market.
Great Wall Motor Company Limited (HKG:2333), a auto company based in China, received a lot of attention from a substantial price movement on the SEHK over the last few months,Read More...