Great Wall Motor Co., China’s largest light-truck manufacturer, booked its strongest sales growth this year in July on demand for a new compact crossover it markets under the Haval brand.
The company’s total deliveries rose 11 percent to 60,357 last month, largely reflecting volume generated by the Haval F7, according to the company’s filings on the stock exchanges in Hong Kong and Shanghai.
The Haval F7 went on sale in November and generated July sales of 8,040.
Great Wall’s overall exports surged 69 percent to 7,403 in July after the company launched sales in Russia of the F7s, the first product assembled at its newly constructed plant in the Tula Oblast region of central Russia.
Led by the F7, sales at the Haval brand jumped 15 percent to 42,888 in July.
Deliveries of the company’s other products were unimpressive.
The first two products under Great Wall’s Ora electric vehicle brand -- the iQ compact sedan and the R1 subcompact car – posted sales of 2,071. They went on sale in the second half of 2018.
Sales at Great Wall’s premium brand Wey, which markets three gasoline crossovers and a plug-in hybrid crossover, rose 2.3 percent to 7,246.
Great Wall’s pickup deliveries fell 11 percent to 8,075 while sales of its only gasoline sedan, the Great Wall-badged C30 compact, shrank 91 percent to 77 last month.
Through July, Great Wall’s cumulative sales increased 5.3 percent to 553,895.
In July 2018, the company signed an agreement with BMW Group to form an electric vehicle joint venture in the east China city of Zhangjiagang. The partnership is expected to build EVs for BMW’s Mini brand as well as Great Wall’s proprietary marques.
The joint venture project is proceeding as scheduled, and both parties are still in talks about specific cooperation plans for the project, Great Wall said in a statement last week.
However, it admitted that the project has yet to clear regulatory oversight. “Therefore it is uncertain as to whether the establishment [of the joint venture] will proceed to completion,” the company added.