Great Wall (长城汽车)
Official Site: gwm-global.com
Wikipedia: Great Wall Motors
The following section is an excerpt from Wikipedia's Great Wall Motors page on 30 September 2019, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
Great Wall Motors Company Limited is a Chinese automobile manufacturer headquartered in Baoding, Hebei, China. The company is named after the Great Wall of China and was formed in 1984. It is China's largest sport utility vehicle (SUV) and pick-up truck producer. It sells passenger cars and trucks under the Great Wall brand and SUVs under the Haval and WEY brands.
In 2016, Great Wall Motors set a historical sales record of 1,074,471 cars worldwide, increased by 26% compared to 2015.
Established in 1984, Great Wall initially manufactured only trucks, not producing a sedan car until 2010. The company has been a very successful producer of pick-ups first reaching 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. The company is considering listing on the Shanghai Stock Exchange as well.
Sales in 2010 were measured at less than 400,000 (near 2% market share) 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 2nd 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, Great Wall Motors 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, Great Wall and German manufacturer BMW announced a partnership to produce electric Mini vehicles in China.
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