Hua Wang Auto, a joint venture between GAC GROUP (02238.HK) -0.040 (-1.299%) Short selling $2.45M; Ratio 14.592% and Huawei, is currently planning to launch one sedan and one SUV model, with pure electric and extended-range power modes, according to Chinese media. The two models are expected to be launched next year. The style of the two new cars is close to the brand that is currently the most popular in the RMB200,000+ market, but the positioning may be more premium, as GAC GROUP once disclosed that Hua Wang Auto is mainly targeting the RMB300,000 class market.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)Related NewsJPM Adjusts TPs for LEAPMOTOR/ XPENG to $90/ $100