Great Wall Motors Company planning to sell 4 million cars in 2025

  • The company is projected to be worth USD 92.86 billion in the same year.
  • Great Wall Motors Company intends to make 80% sales from EVs by 2025.

Chinese automobile manufacturer Great Wall Motors Company Limited is reportedly planning to sell around 4 million vehicles annually by 2025. The pickup truck producer is projected to be worth USD 92.86 billion by the same year.

Confirming the above, Chairman Wei Jianjun stated that the company has witnessed substantial demand for trucks for leisure purposes.

Although Great Wall Motors Company sold 1.1 million cars in 2020, it intends to record 80% of its yearly sales in 2025 to be energy vehicles which will include plug-in hybrid, hydrogen fuel cell, and battery electric vehicles.

The Hebei-based Great Wall Motors is planning to sell around 2.8 million cars in 2023 alone, having a product lineup of over 60 models, cited sources.

China had released some supportive policies for fuel-cell and hydrogen vehicles in 2020, through which local companies and governments are required to build an advanced business model and a sustainable supply chain space.

While China aims to be carbon neutral by 2060, Great Wall Motors Company aspires to achieve this goal by 2045. The sport utility vehicle producer is also planning to produce cars in Thailand and Russia.

Back in 2019, Great Wall Motors Company had joined hands with German luxury vehicle manufacturer BMW to set up an EV manufacturing facility in China. Under this joint venture, a car manufacturing plant with a production capacity of 1,60,000 vehicles was estimated to be set up by 2022.

This partnership will allow the Chinese company to sell a higher number of battery electric vehicles by ramping production of future electric MINI vehicles and other models.

Source: https://auto.hindustantimes.com/auto/news/chinas-great-wall-motor-aims-to-sell-four-million-cars-in-2025-41624852624069.html