Great Wall Motor Co Ltd: 2025 Sales Record and Market Outlook

Great Wall Motor Co Ltd (股票代号 601633) has announced that it achieved a record full‑year sales volume in 2025, despite a slowdown in December. The company’s 2025 annual sales figure surpassed all expectations, cementing its position among the leading domestic pick‑up truck and SUV manufacturers.

Record Sales in 2025

According to the latest disclosure released on 4 January 2026, Great Wall Motor posted its highest annual sales volume to date. The company’s production–sales report for December 2025, made public on 5 January 2026, confirms that the firm delivered an impressive quantity of vehicles, driven by strong demand across its core markets in China, the United States, Japan, Canada, and Korea.

The record volume reflects a sustained expansion of the company’s product matrix and an effective rollout of its new model lineup. While December experienced a typical seasonal dip, the overall year‑to‑year growth remained robust, underscoring the resilience of Great Wall Motor’s business model.

Market Reaction and ETF Impact

The news has had a modest but measurable impact on the broader market. In the smart‑vehicle ETF Yingfangda 516590, which holds Great Wall Motor as one of its holdings, the fund opened 0.08 % lower on 5 January 2026. Within the ETF’s portfolio, Great Wall Motor’s share price declined by 0.13 % compared with the previous trading day, reflecting short‑term profit‑taking among investors who had benefitted from the company’s recent upside.

Despite this slight dip, the overall ETF performance remains solid, with a cumulative return of 28.94 % since its inception in April 2021. The decline in Great Wall Motor’s share price is unlikely to alter the fund’s long‑term outlook, given the company’s strong sales momentum and favorable market positioning.

Positioning in the 2025 Vehicle Landscape

The 2025 vehicle sales landscape, as reported in a 4 January 2026 article on the Chinese media outlet STCN, highlights the continued dominance of leading domestic brands. While the article focuses primarily on electric vehicle leaders such as BYD and Geely, it also notes the broader trend of “strong leaders remaining strong” across the industry.

Great Wall Motor’s record sales demonstrate that conventional pick‑up truck and SUV segments remain attractive, even amid the rapid expansion of new‑energy vehicles. The company’s ability to capture significant market share in these segments suggests a balanced approach to product development, maintaining a foothold in both traditional and emerging mobility trends.

Fundamental Snapshot (as of 1 January 2026)

  • Close price (31 Dec 2025): HKD 15.12
  • 52‑week high (25 Dec 2025): HKD 22.78
  • 52‑week low (8 Apr 2025): HKD 10.66
  • Market cap: HKD 178.97 billion
  • P/E ratio: 9.93

These metrics, combined with the company’s record sales, point to a valuation that remains attractive relative to peers in the consumer discretionary sector.

Forward‑looking Perspective

Great Wall Motor’s 2025 performance sets a strong foundation for 2026. The company’s focus on expanding its product portfolio, coupled with its established global footprint, positions it well to capitalize on ongoing demand for pick‑up trucks and SUVs. Moreover, the firm’s ongoing investments in automotive components and research and development will likely enhance its competitive edge as the industry continues to evolve.

In summary, Great Wall Motor Co Ltd has confirmed its status as a leading player in the Chinese automotive market, delivering record sales in 2025 and maintaining a solid market position despite short‑term volatility in ETF performance. The company’s fundamentals and strategic initiatives suggest a positive trajectory for the coming year.