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    2333   CNE100000338

GREAT WALL MOTOR COMPANY LIMITED

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Delayed Hong Kong Stock Exchange  -  05/27 04:08:54 am EDT
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Full speed up! GWM'S Global Layout of New Energy Is Expanding Rapidly

01/07/2022 | 11:15am EDT

BAODING, China, Jan. 7, 2022 /CNW/ -- In 2021, GWM proposed the aim of achieving zero carbon emissions in the next several years , and launched various new energy products in the overseas market to accelerate its new energy layout.

GWM launches a variety of new energy models

Driven by the new energy vehicle industry and market, GWM has pioneered in laying out hybrid electric vehicles, and especially launched HAVAL H6 HEV and HAVAL JOLION HEV in Thailand. Supported by the HEV technology, these two vehicles can maintain low fuel consumption under different road conditions. In the case of a traffic jam, this kind of model can directly shift from the fuel engine to the electric engine, thus saving the fuel by 35% to 50%.

According to the official report, HAVAL H6 HEV has been ranked within the top two in the C-class SUV segment in Thailand for five consecutive months, while the other vehicle has also been highly recognized by users for its outstanding product performance.

Aiming to enter Europe's mature car market, GWM has also launched PHEV and BEV models and displayed the high-end SUV WEY COFFEE 01 PHEV at the 2021 Internationale Automobil-Ausstellung held in Munich, Germany. This model features strong power and flexibility, which can quickly produce the combined power output of fuel and electric energy to ensure users' safety when overtaking, especially in high-speed driving scenarios.

GWM always takes technology innovation as its core in the new energy development. After five-year preparation, the company has launched the L.E.M.O.N. DHT system with an investment of CNY 20 billion. The system can be compatible with HEV, PHEV and "PHEV+P4" and other power models, which provides a certain extent of technical convenience for the whole industry.

In terms of new energy research and development, GWM has explored other technical developing routes including HEV, Battery Electric Vehicles, and hydrogen fuel cells. Currently, the company has started hydrogen energy technology and completed the world's first operation project of 100 49-ton heavy duty hydrogen-powered trucks in August 2021.

As revealed in its 2021 sales report, GWM's sales of new energy models are 136,953 vehicles, accounting for 10.7% of its total sales (1.28 million). In the next four years, the company will continue to expand the layout of new energy vehicles and make more effort to achieve the strategic goal of having new energy vehicles to take up 80% of total global sales.

"In the next five years, GWM would expect to invest up to a total of CNY 100 billion in R&D, especially in new energy and intelligence fields, to maintain its technically leading position and accelerate the realization of the goal of zero carbon emissions," said Mu Feng, Rotating President of GWM, at the 2025 Strategy Global Launch Conference.

 

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SOURCE GWM

© Canada Newswire, source Canada Newswire English

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Sales 2022 179 B 26 761 M 26 761 M
Net income 2022 8 619 M 1 287 M 1 287 M
Net cash 2022 674 M 101 M 101 M
P/E ratio 2022 12,1x
Yield 2022 3,73%
Capitalization 249 B 37 160 M 37 160 M
EV / Sales 2022 1,38x
EV / Sales 2023 1,09x
Nbr of Employees 77 934
Free-Float 44,2%
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Feng Ying Wang General Manager
Hong Shuan Li Chief Financial Officer & Executive Director
Jian Jun Wei Chairman
Cai Juan Lu Chairman-Supervisory Board
Wan Jun Li Independent Non-Executive Director
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