Great Wall Motor is looking for opportunities to use Brazil as a base for vehicle production and expand to nearby regions, the Chinese carmaker's chairman said in Shanghai on Wednesday.
Great Wall Motor Company Limited's sales generated by NEVs (New Energy Vehicles) and international markets have been rising as per its latest monthly disclosures. Great Wall Motor is currently trading at lower valuations than its Chinese automotive peers, with relatively higher foreign market and NEV exposure. I raise my rating for Great Wall Motor to a Buy, considering the potential for valuation re-rating driven by positive sales mix changes.