GWMOTOR Shares Surge Over 5% on Strong Pre-Orders for H10 Model and New Tank 300 Launch

Stock News07-20

Shares of GWMOTOR (ASX: 02333) experienced a notable surge during trading, climbing over 5%. At the time of writing, the stock was up 4.62% to HK$9.06, with a trading turnover of HK$68.88 million.

Catalyst for the Share Price Movement

The company recently announced that its new "family-oriented boxy SUV" model, the GWM H10, secured an impressive 22,615 pre-orders within just 12 hours of opening bookings. The new vehicle is offered in four variants, featuring either five-seat or six-seat configurations, with a pre-sale price range of 219,800 to 239,800 yuan.

In a separate development, the company's Tank brand officially launched the all-new Tank 300 compact SUV. This model is available in five variants, offering a range of powertrains including gasoline, diesel, and plug-in hybrid options, with prices spanning from 199,800 to 259,800 yuan.

Analyst Perspective on Future Prospects

A recent research report from a securities firm highlighted that, looking ahead to the second half of the year, the company is set to launch a series of mid-to-high-end models including the new Tank 300, the GWM H10, and the Wey V8X. These launches are expected to contribute positively to both sales volume and financial performance.

Furthermore, with a comprehensive powertrain portfolio, the ramp-up of production for new models like the Ora 5, accelerated channel expansion in regions such as Europe, and increased capacity utilization at facilities like the Brazil plant, the company's export growth is anticipated to gain significant momentum.

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At the time of writing, the stock was up 4.62% to HK$9.06, with a trading turnover of HK$68.88 million.<br><br>\n<b>Catalyst for the Share Price Movement</b><br><br>\nThe company recently announced that its new \"family-oriented boxy SUV\" model, the GWM H10, secured an impressive 22,615 pre-orders within just 12 hours of opening bookings. The new vehicle is offered in four variants, featuring either five-seat or six-seat configurations, with a pre-sale price range of 219,800 to 239,800 yuan.<br><br>\nIn a separate development, the company's Tank brand officially launched the all-new Tank 300 compact SUV. This model is available in five variants, offering a range of powertrains including gasoline, diesel, and plug-in hybrid options, with prices spanning from 199,800 to 259,800 yuan.<br><br>\n<b>Analyst Perspective on Future Prospects</b><br><br>\nA recent research report from a securities firm highlighted that, looking ahead to the second half of the year, the company is set to launch a series of mid-to-high-end models including the new Tank 300, the GWM H10, and the Wey V8X. 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At the time of writing, the stock was up 4.62% to HK$9.06, with a trading turnover of HK$68.88 million.\nCatalyst for the Share Price Movement\nThe company recently announced that its new \"family-oriented boxy SUV\" model, the GWM H10, secured an impressive 22,615 pre-orders within just 12 hours of opening bookings. The new vehicle is offered in four variants, featuring either five-seat or six-seat configurations, with a pre-sale price range of 219,800 to 239,800 yuan.\nIn a separate development, the company's Tank brand officially launched the all-new Tank 300 compact SUV. 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