[ET Net News Agency, 23 April 2021] Daiwa lowered its target price for Great Wall
Motor (02333) to HK$25 from HK$29 and maintained its "buy" rating.
The research house said it remains confident of Great Wall Motor transforming itself to
compete in the new-gen auto space, backed by its battery technology from SVolt and
self-developed smart-car technology platform "Coffee intelligence". In addition, its
success in penetrating many sub-segments, including pick-ups, off-road vehicles and
low-end BEVs, would enable it to remain more profitable than other OEMs going forward.
(RC)