China SUV Leader Great Wall’s Shares Drop Nearly 5% After Latest Sales Decline

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China SUV Leader Great Wall’s Shares Drop Nearly 5% After Latest Sales Decline
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Sales plunged 19% in the first five months of 2022

... [+]Hong Kong-traded shares in Great Wall Motor, China’s top homegrown SUV maker, plunged by 4.8% to HK$14.22 at the Hong Kong Stock Exchange today after the company reported its latest sales decline.

Great Wall’s overall vehicle sales totaled 80,062 units compared with 86,965 a year earlier, the company said in a filing on Wednesday. A 22% plunge in shipments of its flagship Havel SUV models led the fall. For the first five months of 2022, Great Wall’s sales declined by more than 19% from a year earlier to 417,339 units.

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