BEIJING, July 18 (Xinhua) -- Great Wall Motor Co., Ltd (601633.SH) expected its net profits in the first half of this year at approximate 3.6797 billion yuan (about 549 million U.S. dollars), up 52.07 percent year on year.
The company attributed the increase in net profits to the optimization of its product mix and increasing sales of the brand WEY products, according to its filing to the stock exchange.
Great Wall Motor is China’s largest SUV and pickup manufacturer. With over 30 holding subsidiaries, more than 60,000 employees, four vehicle manufacturing bases, it has developed independent matching capacity of core parts such as engine and transmission. (Edited by Yang Bize, hupingchao@xinhua.org)
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