1. Text: | Print|

      SUV maker Great Wall Motor's value evaporates

      2014-07-15 16:55 chinadaily.com.cn Web Editor: Qin Dexing
      1

      Great Wall Motor Ltd saw its market value shrink by 70 billion yuan ($11.27 billion) as its stock price dived 50 percent from its peak in nine months, the Economic Information Daily reported Tuesday.

      As China's largest truck and SUV maker, Great Wall's stock price reached 52.85 yuan on the Shanghai Stock Exchange on October 11, 2013, with its market value topping 150 billion yuan. However, its share price closed at 26.40 yuan on July 11 last week.

      Analysts attribute the plunge to the company's lame performance, as well as the delayed launch of the Haval H8, a luxury SUV model.

      The company announced on July 4 that sales in the first half of this year fell to 347,000 units, compared with 368,000 in the same period in 2013.

      The shortfall was due to flagging sedan sales, which fell 49.9 percent year-on-year to 56,996 units.

      The automaker sold 754,000 vehicles in 2013 and aimed for 890,000 this year.

      An industry insider said it would be a disaster if the company keeps developing SUVs while ignoring sedans as they still account for a large proportion of the auto market, with SUVs having only a minor share.

      Though inferior in the sedan segment, Great Wall Motor is well established in the SUV market. Sales of SUVs in the first half of this year increased 13 percent year-on-year, of which its best-selling Haval H6 rose 76 percent year-on-year, said Dong Yang, vice president of China Association of Automobile Manufactures.

      Dong admitted that domestic brands still need to invest heavily in research and development and keep innovating.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲色图在线观看| 人人狠狠综合久久亚洲88| 四虎影视无码永久免费| 免费在线观看黄网| 亚洲成在人线aⅴ免费毛片| 亚洲色无码一区二区三区| 国产va免费观看| 亚洲五月综合缴情在线观看| CAOPORN国产精品免费视频| 在线日韩日本国产亚洲| 中文字幕乱理片免费完整的| 久热免费在线视频| 婷婷久久久亚洲欧洲日产国码AV| 女同免费毛片在线播放| 日韩免费福利视频| 久久久久久亚洲精品成人| 美女黄频视频大全免费的| 18禁男女爽爽爽午夜网站免费| 亚洲av无码国产精品色在线看不卡 | 亚洲男同帅GAY片在线观看| 国产免费久久精品99久久| 亚洲国产精品SSS在线观看AV| 午夜网站在线观看免费完整高清观看| 亚洲AV无一区二区三区久久| 免费观看国产网址你懂的| 亚洲午夜无码久久久久小说| 国产精品va无码免费麻豆| 久久亚洲精品成人av无码网站| 无码区日韩特区永久免费系列| 亚洲av日韩av无码| 免费A级毛片无码无遮挡内射| 亚洲av乱码中文一区二区三区| 亚洲午夜激情视频| 一个人看的www免费在线视频| 免费国产成人高清在线观看麻豆| sss日本免费完整版在线观看| 亚洲免费视频网站| 国产精品自在自线免费观看| 日韩免费高清播放器| 激情亚洲一区国产精品| 亚洲一级免费毛片|