Manufacturing News

Great Wall expects to report 50% surge in profits

Great Wall Motor Co. says its net profit in the first nine months of this year may have surged more than 50 percent from the same period last year.

The profit growth is mainly due to increased vehicle sales, the company said in a statement filed with Hong Kong's stock exchange.

But Great Wall didn't disclose its exact profit or revenues for the nine-month period.

Great Wall, located in the north China city of Baoding, builds Haval SUVs, Wingle pickups and Voleex sedans. In the first eight months, the company sold more than 199,000 vehicles, up 44 percent year-on-year, according to J.D. Power.

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