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Great Wall Motor
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Great Wall Motor Co., Ltd.
Company typePublic
SEHK2333
IndustryAutomotive
Founded1984; 40 years ago (1984)
Headquarters,
China
Area served
Worldwide
Key people
ProductsAutomobiles, engines, transmissions
RevenueIncrease CN¥ 137.33 billion (2022)[1]
Decrease CN¥ 5.12 billion (2022)[1]
Increase CN¥ 8.27 billion (2022)[1]
Total assetsIncrease CN¥ 185.36 billion (2022)[1]
Divisions
SubsidiariesSpotlight Automotive (50%)
Chinese name
Simplified Chinese长城汽车股份有限公司
Traditional Chinese長城汽車股份有限公司
Websitegwm.com.cn (Chinese)
gwm-global.com (global)

Great Wall Motor Co., Ltd. (GWM) is a Chinese privately owned automobile manufacturer headquartered in Baoding, Hebei, China. Founded in 1984, it is one of the top ten Chinese automobile manufacturer with 1.23 million sales in 2023.

Named after the Great Wall of China, the company is China's largest producer of sport-utility vehicles (SUVs) and pick-up trucks.[2] The company produces and sells vehicles under its own branding, such as GWM, Haval, Wey, Tank, Poer, and Ora. It also produces electric vehicles under some of the previously listed brandings.

Since 2019, GWM also entered a joint venture with BMW Group to produce electric Mini vehicles in China, under the name Spotlight Automotive.

History

Established in 1984, Great Wall began with low volume production trucks such as the CC130. They later made the CC513, using the chassis from the Beijing BJ212. In 1993, they started producing a series of different passenger vehicles, starting with a sedan called the CC1020, with styling heavily resembling the Nissan Cedric Y30.[3] This was followed by the CC1020S with styling based on the Toyota Crown (S130) along with a station wagon version, the CC6470.[3] Other early Great Wall models includes a BJ212-based crew cab pickup (also called CC1020S), a BJ212-based station wagon, the CC6490, a small sedan known as the Hawk CC6470 and a clone of the Rolls-Royce Silver Spur.[3] In 1994, the Chinese government halted the production because Great Wall didn't have the right permit for car productions.[3]

In 1996, Great Wall focused on only trucks, not producing another sedan car until 2010.[4] The company has been a very successful producer of pick-ups first reaching top position in the Chinese pick-up market in 1998.[5]

Older logo of GWM

Great Wall was the first private Chinese auto manufacturer to become a public company, by making an initial public offering on the Hong Kong stock exchange on 15 December 2003.[6] [7] On 27 September 2011, the company announced it had sold 304 million domestic A shares, and began listing on the Shanghai Stock Exchange the next day.[8]

In 2012, it was reported that the company only allows workers one day off per week and new hires undergo months-long, military-style training.[9]

Great Wall started selling in Europe in 2006, offering small vans.[10] A lot of 500 SUVs were shipped to Italy in 2006 as well.[11] Great Wall products were first available in the Australian market in 2009,[12] and the company was, as of 2010, the only Chinese car manufacturer to sell in the EU.[citation needed] European sales continue, with the 2011 opening of a factory in Bulgaria that assembles three different models from knock-down kits.[13]

In April 2017, GWM released a new premium SUV brand named Wey.[14]

In October 2016, the company launched its first electric vehicle, the Great Wall C30EV.[15][16]

In July 2018, GWM and German manufacturer BMW announced a partnership to produce electric Mini vehicles in China.[17]

In January 2020, GWM agreed buy the Talegaon plant owned by General Motors India as part of the company's aim to manufacture and sell cars in India.[18]

In February 2020, GWM reached a deal with General Motors to purchase the General Motors Thailand plant in Rayong province.[19]

Operations

GWM's primary base of operations is located in Baoding, Hebei province. A site in Tianjin began operating in 2011. A second base of operations in Baoding become operational in October 2013, located in Xushui county.[20]

Overseas markets

Great Wall products are available in many places across the globe, with many third-party factories producing models from knock-down kits, such as those located in Bulgaria,[21] Ecuador,[22] Egypt, Ethiopia, Iran,[23] Indonesia, Nigeria,[24] Pakistan,[25] Russia, Senegal, South Africa, Ukraine,[26] and Vietnam.

In Europe, GWM is present in Romania,[27] Bulgaria,[28] North Macedonia,[29] and Serbia.[30] The Great Wall marque was also available in Western European markets such as Italy[31] and the United Kingdom with a range of commercial vehicles being sold,[32] but the company stopped supplying new vehicles to these markets with the dealer network being used for warranty work.[33] In 2021, GWM opened a new European base in Munich[34][35] in order to launch the Ora Good Cat EV in France, Germany, Italy, Norway, Spain and the United Kingdom (with the car to be rebranded as the Ora Funky Cat in many of these markets).[36][37][38]

In the Americas, GWM first landed in Paraguay,[39] and now it is present in Brazil, Belize, Ecuador,[40] Chile,[41] Costa Rica,[42] Uruguay,[43] Peru, Argentina, Bolivia, and Guatemala.

Australia

A Great Wall dealership in Adelaide, Australia

Great Wall was launched in Australia in 2009 by an independent distributor. In May 2016, GWM set up a factory-backed distribution operation, coinciding with the launch of the Haval brand on the Australian market.[44] As of October 2021, Australia was GWM's largest export market.[45] According to official VFACTS reporting from Australia's Federal Chamber of Automotive Industries (FCAI), GWM Haval sold a total of 18,384 units in the 2021 calendar year, placing GWM Haval 14th overall on the Australian market, ahead of Honda.[46] As of 2023, GWM Australia features a range of models including SUVs, pickup trucks, and electric vehicles.

Brazil

On 18 August 2021, the company announced the start of operations in Brazil with the acquisition of a former Mercedes-Benz plant in the city Iracemápolis, São Paulo. The annual production capacity would reach 100,000 vehicles, and would create nearly 2,000 local jobs. The production would cover both Brazil domestic market and the rest of South America.[47] On 27 January 2022, details and launch of factory was presented. According to news reports in 2022, GWM will offer 10 models in Brazil, most of then hybrid electric SUVs and pick-ups, with a planned investment of R$10 billion.[48]

Europe

Since 2020's GWM sells under the brand Ora EV's and Hybrid's in Germany, UK, Ireland, Sweden and Israel. In May 2024, GWM announced the closure the European office in Munich in August, but also said they would continue to be presented in the European markets.[49] Also GWM has considerations to open a plant in Europe.[50]

Bulgaria

Together with the Bulgarian company Litex Motors, Great Wall has a production base in Bahovitsa,[21] near the town of Lovech, Bulgaria, that became operational in February 2012.[51] As of 2012, the factory had the capacity to assemble 2,000 cars per year[52] from knock-down kits.[13] Initially only making the Voleex C10, the factory later added production of an SUV and a pick-up, the Hover 6 and the Steed 5.[13]

As of January 2015, the company had a production output of about 5,000 vehicles per year (the Hover H6 and the Steed 5 models) and was planning to reach up to 8,000 vehicles within a year or two.[53] By mid-2016, the company had a total of 14 dealerships in 12 Bulgarian cities, three of them in the capital Sofia.[54]

Russia

Assembly line at the Haval manufacturing plant in Tula Oblast, Russia

In September 2015, GWM broke ground on a new plant located in the Tula Region, Russia.[55] The plant is slated to have a total production capacity of 150,000 units per year if the project is successful enough to warrant a second phase of expansion.[56] Initially scheduled to open in 2017, the facility is touted as an "all-process vehicle plant".[55]

India

In 2020, Great Wall announced its plans to acquire the General Motors India manufacturing facility in Talegaon, Maharashtra, with an intent to launch sales in 2021.[57] In June 2020, it committed to a phased investment of $1 billion but no date was confirmed for the start of production,[58] despite the expectation for confirmation of the investment approval by the Indian government by the end of 2020.[59]

In July 2022, the company officially announced its exit from India, and fired all its employees. In an official statement, the company said: "We would like to thank all the members of Indian team for their contribution, We would continue to study the Indian market and look for opportunity in the future".[60]

According to many reports some of the reasons for this exit were:

  1. Failed to get FDI (Foreign Direct Investment) approval from Indian Government.
  2. Unable to receive clearance to acquire a former General Motors plant in Talegaon, Maharashtra.[61]
  3. No opportunistic takeover during COVID-19 pandemic.

Iran

The Iranian motor company Diar has assembled Great Wall vehicles from knock-down kits.[23]

Pakistan

The Pakistani automotive manufacturer Sazgar assembles Haval SUVs under a joint venture with Great Wall Motor.[25] Under this joint venture, the Haval H6 HEV became the first hybrid electric vehicle to be assembled in Pakistan.[62] In February 2024, Sazgar launched the GWM Ora 03.[63] [64][65]

Southeast Asia

Thailand

In 2013, GWM had plans to invest $340 million for a new factory in Thailand,[66] but this expansion effort was scrapped in early 2014.[56] On February 17, 2020, General Motors announced it would exit from the Thai market and sell its Rayong plant to GWM by the end of the year.[67] On 30 September 2020, GWM signed a share sales and purchase agreement with General Motors to acquire GM's production facilities in Rayong, with a plan to begin production in the first quarter of 2021 with automobile production capacity of 80,000 units annually.[68]

In October 2023, GWM announced plans to produce eight electric vehicle models at its Rayong plant in Thailand, starting in the first quarter of 2024.[69][70] In January 2024, the company began the production of the Ora Good Cat. It is the first electric vehicle produced at its Rayong plant.[71]

Malaysia

Great Wall Motor Sales Malaysia was set up in 2022 in Menara Binjai, Kuala Lumpur, with the company having a warehouse in the Klang Valley and a plan with Go Auto Group for localized CKD assembly of their models.[72][73] In July 2022, GWM was officially introduced in Malaysia with sales commenced in November of the same year, with the Ora Good Cat.[74][75]

Philippines

In April 2023, GWM entered the Philippine market under Luxuriant Automotive Group, initially offering the Haval Jolion (HEV and non-HEV variants), Haval H6 and GWM Cannon.[76]

Indonesia

In August 2023, GWM, in collaboration with Inchcape plc and Indomobil Group, entered Indonesia and appeared at the 30th Gaikindo Indonesia International Auto Show. The event showcased their range of hybrid and electric vehicles under the Haval, Tank and Ora brands.[77] GWM vehicles went on sale in Indonesia in March 2024.[78]

South Africa

GWM made its debut in South Africa in March 2007. As of 2022, the company have a national dealer network of more than 66 dealerships.[79]

Brands

In the early 2010s, GWM began differentiating its SUV, passenger car, and pick-up truck offerings under the names Haval, Voleex, and Wingle, respectively.[26] By 2013, Haval became an independent brand, and the Voleex nameplate was discontinued around 2016.[80][81] By 2020, GWM ceased selling passenger cars under the Great Wall brand in certain international markets, with all SUVs now carrying the Haval name. Pick-up trucks, including the replacement for the Great Wall Steed, were branded under the GWM marque.[82][83] Additionally, Great Wall Motors introduced three new brands: Wey in 2017 for premium vehicles, Ora in 2018 for electric vehicles, and Tank in 2021 for luxury off-roaders.

Current brands

GWM

Initially, as the core brand of Great Wall Motor, GWM manufactured various types of vehicles. Over time, the brand was repositioned to focus to pick-up trucks. GWM introduced a sub-brand called Poer (pronounced as power), which stands for Powerful, Off-road, Enjoyable, and Reliable. Models such as the GWM Poer P11 and GWM Poer P12 are available in some markets overseas.[84][85]

Haval

Haval (Chinese: 哈弗; pinyin: Hāfú) is GWM's SUV brand. The Haval name was first used by the Great Wall Haval CUV (initially romanised as Hover, later renamed to Haval H3), which was introduced in April 2005. Haval was spun-off from a product line of GWM to a standalone brand in March 2013.

Ora

Ora (Chinese: 欧拉; pinyin: Oūlā) is positioned as GWM's electric car brand. The marque was officially launched with its first model Ora iQ on August 2018, and targeted female consumers. According to GWM, Ora stands for 'open, reliable and alternative', while also paying homage to Leonhard Euler, a notable mathematician.[86]

Tank

Tank is GWM's luxury off-road marque. Originally a sub-brand under Wey, Tank became independent due to its significantly different styling and brand proposition.

Wey

Launched in 2017 and named after GWM chairman Wei Jianjun, Wey is Great Wall's luxury marque, focusing on crossovers and SUVs.

Discontinued brandedit

Saredit

Sar Mecha Dragon

Sar Auto (Chinese: 沙龙汽车; pinyin: Shālóng Qìchē; lit. 'Saloon Auto'),[87] is a high-end luxury electric vehicle brand under GWM, founded in 2021 with first product Sar Mecha Dragon. In March 2023, the Sar brand was cancelled, and the Sar Mecha Dragon was transferred under the Ora brand.[88]

Research and developmentedit

While R&D activities commenced in 1998,[26] in 2010 the company began construction of a technical center in Baoding, Hebei province.[89] Part of an effort to increase R&D investment,[90] the center may become fully operational in 2013 as Great Wall said it would obtain "world-leading R&D... and technical ability" by that year.[26][needs update]

Currently, component design may rely heavily on foreign technical assistance, and some hard-to-source parts may be provisioned from overseas;[citation needed] the company states it has cooperative agreements with companies such as Autoliv, Delphi Automotive, BorgWarner, Robert Bosch GmbH, the German company Brose, Ricardo plc, TRW Automotive, and Valeo in regards to specific parts such as engines, transmissions, door locks, and airbags, etc.[26] As of 2009, some models used Mitsubishi engines and Siemens electronic systems—both sourced in China.[91]

In January 2016, GWM has announced the creation of a R&D center in Yokohama, Japan as part of a strategy to enter the Japanese auto market.[92]

In June 2016, GWM has announced the creation of a R&D center in Bangalore, India as part of a strategy to enter the Indian auto market.[93]

In 2021, following the joint venture with BMW Group, GWM opened an office in Munich, Germany, situated across from the BMW Group Research and Innovation Center (FIZ). The objective of CEO Qiao Xianghua was to hire up to 300 employees in the Design and Engineering sector for its office in Germany. These employees would be tasked with providing services to BMW R&D, sales, and management, including complete vehicle integration, vehicle component development, development and integration of electronic power system platforms, smart driving, and internet of vehicles. Additionally, EDAG constructed another Engineering Building at Frankfurter Ring 77.[94][95]

Joint ventureedit

Spotlight Automotiveedit

In November 2019, GWM and BMW Group established a joint venture to develop and produce Mini-branded battery electric vehicles in China. The joint venture is called Spotlight Automotive Ltd.[96] A manufacturing plant in Zhangjiagang, Jiangsu was constructed between 2020 and 2022.[97] The first mass-produced vehicle, a Mini Cooper SE (J01) rolled off from the plant on 14 October 2023.[98]

Salesedit

Zdroj:https://en.wikipedia.org?pojem=Great_Wall_Motor
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Great Wall Motors sales by brand[99]
Year Total Great Wall Haval Wey Ora Tank
2010 415,779 265,368 150,411 - - -
2011 518,965 353,407 165,558 - - -
2012 672,234 387,942 284,292 - - -
2013 803,449 384,303 419,196 - - -
2014 767,825 337,264 430,561 - - -
2015 871,315 204,663 666,652 - - -
2016 1,086,639 147,206 939,433 - - -
2017 1,085,654 144,385 854,842 86,427 - -
2018 1,072,529 158,752 770,776 139,486 3,515 -
2019 1,097,451 166,057 792,586 99,943 38,865 -
2020 1,111,598 226,609 750,228 78,500 56,261 -
2021 1,280,993 233,006