Great Wall Motors
Categories
Mr. Guo Qing Zhao (Exec. Vice Chairman & Deputy GM)
Ms. Hong Shuan Li (CFO, Joint Company Sec. & Exec. Director)
Industrial Manufacturing
Summary
Great Wall Motor Company Limited researches and develops, manufactures and sells automobiles, and automotive parts and components in China, Russia, South Africa, Australia, Saudi Arabia, Chile, and internationally.
The company offers pick-up trucks, SUVs, sedans, and energy vehicles primarily under the Haval, WEY, ORA, Tank, and Great Wall Pickup brand names; and unmanned vehicles. It also provides auto moulds; new energy vehicle transmission and electric drive systems; repairs automobiles; and transports general goods, as well as daily cargo transportation services.
In addition, the company offers investment and financing, buildings rental, logistics, business information consultation, scrap car recycling and dismantling, finance leasing, asset management, equity investment, technology information and development, trade consultation, international trade, financial guarantee, and after-sales services, as well as automotive technology research, development, and technical consultation services. Further, it processes, recycles, and sells waste and used materials; and sells lubricants.
Furthermore, the company engages in the wholesale and retail of car accessories. It also exports its products. Great Wall Motor Company Limited was formerly known as Baoding Great Wall Motor Company Limited and changed its name to Great Wall Motor Company Limited in May 2003. The company was founded in 1984 and is headquartered in Baoding, China. Great Wall Motor Company Limited is a subsidiary of Baoding Innovation Great Wall Asset Management Company Limited.
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. This was followed by the CC1020S with styling based on the Toyota Crown along with a station wagon version, the CC6470. Other early Great Wall models include a BJ212-based crew cab pickup, a BJ212-based station wagon, the CC6490, a small sedan known as the Hawk CC6470 and a clone of the Rolls-Royce Silver Spur.
In 1994, the Chinese government halted the production because Great Wall didn't have the right permit for car production. In 1996, Great Wall focused on only trucks, not producing another sedan car until 2010. The company has been a very successful producer of pick-ups first reaching the top position in the Chinese pick-up market in 1998. Making an initial public offering on the Hong Kong stock exchange on 15 December 2003, Great Wall was the first private Chinese auto manufacturer to become a public company.
On Sept. 27, 2011, the company announced it had sold 304 million domestic A shares, and began listing on the Shanghai Stock Exchange the next day. Sales in 2010 were measured at less than 400,000 with exports a small portion of that figure at little more than 50,000, no increase from 2009 figures. That same year saw the Great Wall Haval H series as the second most-purchased SUV in China although this figure may technically include two discrete models, the Great Wall Haval H3 and the Great Wall Haval H5.
Manufacturing for 2011 resulted in 486,800 units, and output this year was the tenth largest of any vehicle maker in China. 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. Great Wall started selling in Europe in 2006, offering small vans. A lot of 500 SUVs were shipped to Italy in 2006 as well. Great Wall products were first available in the Australian market in 2009, and the company was, as of 2010, the only Chinese car manufacturer to sell in the EU. European sales continue, with the 2011 opening of a factory in Bulgaria that assembles three different models from knock-down kits.
In April 2017, GWM released a new premium SUV brand named WEY. In May 2017, the company launched its first electric new energy vehicle, Great Wall C30EV.In July 2018, GWM and German manufacturer BMW announced a partnership to produce electric Mini vehicles in China. In January 2020, GWM agreed to buy the Talegaon plant owned by General Motors India as part of the company's aim to manufacture and sell cars in India. In February 2020, GWM reached a deal with General Motors to purchase the General Motors Thailand plant in Rayong province.
Mission
“Use innovative technology to provide pleasant and relaxed driving experience and driving pleasure.”
Vision
"Provide integrated travel service solutions for users around the world. Protect the global environment, build a beautiful society, and make great contributions to world prosperity and environmental improvement"."
Key Team
Ms. Zhi Juan Yang (Head of the Investment Mgmt. Dept. & Asst. to GM of the Production Technology Devel. Center)
Mr. Shu Jie Hu (Deputy Gen. Mang.)
Mr. Feng Mu (Gen. Mang.)
Hai Ping Wang (Head of Fin. Section & Accounting Department)
Ms. Ka Man Ng A.C.I.S., A.C.S., ACIS, ACS (Joint Company Sec.)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Great_Wall_Motor
https://www.crunchbase.com/organization/great-wall-motors
https://sec.report/CIK/0001536278
https://finance.yahoo.com/quote/2333.HK/
https://www.comparably.com/companies/great-wall-motor
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.forbes.com/companies/great-wall-motor/
https://www.globaldata.com/company-profile/great-wall-motor-co-ltd/
https://www.reuters.com/markets/companies/2333.HK/
https://www.bloomberg.com/profile/company/2333:HK
Mr. Guo Qing Zhao (Exec. Vice Chairman & Deputy GM)
Ms. Hong Shuan Li (CFO, Joint Company Sec. & Exec. Director)
Industrial Manufacturing