Great Wall Motor (GWM) reported year-on-year sales growth in January, supported by strong overseas demand, even as domestic sales and new energy vehicle deliveries declined from both a year earlier and the previous month.
The automaker sold 90,312 vehicles in January, up 11.59% from a year earlier but down 27.18% from December, GWM said in a statement.
Overseas sales remained a key growth driver, rising 43.77% year on year to 40,278 vehicles, although that figure was 29.85% lower than in December. Exports accounted for nearly half of GWM’s total monthly deliveries.
In contrast, sales of new energy vehicles (NEVs) fell sharply. GWM sold 18,029 NEVs in January, down 19.02% from a year earlier and 53.68% from December.
The Haval brand continued to contribute the largest share of volumes, with January sales of 50,513 vehicles, up 4.03% year on year but down 23.99% month on month. The Tank off-road brand delivered 14,505 vehicles, up 12.92% year on year but down 31.35% from December.
Premium brand Wey posted the strongest annual growth, selling 7,873 vehicles in January, a 57.24% increase from a year earlier, though sales fell 38.96% compared with December. Pickup truck sales totaled 15,350 units, up 24.58% year on year and broadly flat month on month.
GWM has warned that rising costs are likely to weigh on profitability. In an earnings preview released on Jan. 30, the company projected its 2025 net income would fall to 9.91 billion yuan ($1.43 billion), down 21.71% from 12.66 billion yuan in 2024, citing higher expenditures.