With new SUV delayed, Great Wall sales tumble

Great Wall Motors saw its sales in the first six months fall 6 percent year-on-year, but some believe its prospects will brighten later this year.

Statistics show the Hebei-based automaker sold 347,000 vehicles in the first half, just 39 percent of the goal it set for 2014.

That is mainly due to its lackluster performance in the car segment. The company sold fewer than 57,000 cars in the first half compared to more than 113,000 in the same period last year.