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    2333   CNE100000338

GREAT WALL MOTOR COMPANY LIMITED

(2333)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 12/08
30.4 HKD   -1.94%
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Great Wall Motor : Committed to Carbon Neutrality, GWM Vigorously Conducts Hybrid Technology Research and Development

10/13/2021 | 10:01am EST

BAODING, China, Oct. 13, 2021 /CNW/ -- Aiming for carbon neutrality, GWM recently released several hybrid electric vehicles that showed its latest R&D results in hybrid technology in order to promote the R&D of hybrid technology and the upgrading of models.

WEY MAQIDUO(Chinese name), HAVAL H6 and WEY Coffee 01

The Hybrid technology is an essential part of the overall strategic plan of GWM. Motivated by the R&D concept of "large-investment", GWM has independently designed and developed the L.E.M.O.N. platform through five-year efforts, investing RMB 20 billion. This platform can be adapted to two different hybrid architectures, namely Dedicated Hybrid Technology (DHT) architecture and P2/P2+P4 architecture.

The L.E.M.O.N. DHT, a highly integrated petrol-electric hybrid technology, can achieve optimum performance in all speed ranges and all scenarios through coordination between efficient hybrid engine and the dual-motor hybrid system to bring users fast, smooth, quiet and economical driving experiences.

HAVAL H6 HEV, which made its global debut in Thailand in June, was equipped with this technology. Once released, it stirred the local new energy vehicle market and was favoured by local users. Its market sales ranked No.1 in the market segment of Thailand in a short time.

This technology was also adopted by WEY MAQIDUO(Chinese name), which was launched at Tianjin International Auto Show on September 29, 2021. This new model was capable of fast power response, strong acceleration capability, smooth gear shifting, and quiet and comfortable driving in various scenarios. Because of using a high-power and large-capacity HEV battery, it is quite fuel-efficient with a total driving range of up to 1,100 km and comprehensive fuel consumption of only 4.7 L/100 km.

Additionally, WEY Coffee 01 PHEV adopts a hybrid architecture of P2+P4. The vehicle appeared at the International Automobil-Ausstellung (IAA) held in Munich on September 6, 2021. This drive motor is respectively installed on the front and rear axles to rival the electric four-wheel drive system without the driveshaft. This combination features strong power, sound economic efficiency while being applied in multiple scenarios, diversified driving modes and flexibility. This brings plug-in hybrid power suitable for multiple scenarios to Coffee 01 PHEV, supporting an acceleration capability of 5s/100km and a maximum speed of 235 km/h.

Currently, models equipped with the L.E.M.O.N. hybrid technology have covered two major brands, namely HAVAL and WEY. Then, more hybrid electric vehicles will be launched later to continuously provide a clean and efficient driving experience for global users.

Also, GWM insists on multiple technology routes including hybrid, pure electric and hydrogen energy as well as possessing several technical reserves such as cobalt-free batteries and Dayu batteries, making a comprehensive technical plan in clean energy.

As Jack Wei, Chairman of GWM, said at the 2025 Strategy Conference, in the next five years, GWM would expect to invest up to a total of RMB 100 billion in R&D, especially in pure electric, hydrogen energy and hybrid technologies, to maintain its technical leading position.

Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/committed-to-carbon-neutrality-gwm-vigorously-conducts-hybrid-technology-research-and-development-301399380.html

SOURCE GWM

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 133 B 20 920 M 20 920 M
Net income 2021 7 668 M 1 209 M 1 209 M
Net Debt 2021 5 320 M 839 M 839 M
P/E ratio 2021 36,7x
Yield 2021 1,27%
Capitalization 519 B 66 526 M 81 768 M
EV / Sales 2021 3,95x
EV / Sales 2022 2,84x
Nbr of Employees 63 174
Free-Float 44,2%
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Number of Analysts 31
Last Close Price 30,40 CNY
Average target price 31,33 CNY
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Feng Ying Wang Vice Chairman & General Manager
Hong Shuan Li Chief Financial Officer
Jian Jun Wei Chairman
Cai Juan Lu Member-Supervisory Chairman
Li Hui Ma Independent Non-Executive Director
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